Global platform that allows clients to buy, save, spend and transfer USD & Gold
Glint is the gold-based, global FinTech company, with offices in London, Tokyo and Boulder, Colorado. Glint offers its clients a simple-to-use platform that allows them to instantly and safely buy, save and spend real gold and US Dollars, anywhere that accepts Mastercard®.
$3,274,665 already raised with UK crowdfunding partner Seedrs (6/28/21)
In-app P2P tool enables clients to send and receive USD instantly
$37 million of gold is securely stored in a Brinks vault by Glint clients
Simple and secure alternative to saving your wealth in a bank
Glint is backed by Sprott, TOCOM, and Craig Dewer, founder of GPS
There is a decline in the trust in paper money and traditional banking
Trust in fiat (government-issued) paper currency is declining. Inflation slowly erodes the value of government-issued fiat currencies. Banks put your money at risk and the US Dollar has devalued over 85% in the last 50 years. Bank interest rates are minimal and, in some cases, negative. Meanwhile, the price of gold has risen from $35 per ounce in 1971 to around $1800 per ounce today**. Gold, one of the most proven and trusted stores of value has increased by over 500%.
* While Glint strongly believes that gold is the fairest and most reliable currency on the planet, it should be pointed out that it isn’t 100% risk free. Whilst we have seen a steady increase in… Read more
Save and spend in physical gold
Gold has been a trusted store of value, as well as a premium means of exchange for thousands of years. Even when paper money became widely used in the 19th and 20th centuries, many government-issued currencies, like the US Dollar, were backed by gold or silver, that could be redeemed for bullion at an official exchange rate. Since the early 1970s, paper money has not been backed by anything, meaning that it is “fiat” currency and can be printed at the whim of those in charge.
Gold is a rare element, created when two neutron stars collide, it is immutable and, unlike most metals, does not degrade over time.
Gold has a history of retaining value and acting as a hedge against inflation. Since the… Read more
The future of money
Glint has developed proprietary technology that makes buying, selling, and transferring gold and currency simple, fast, and affordable. The platform is built on a scalable microservices architecture (small independent services that communicate over well-defined APIs) hosted on the Amazon cloud.
The functionality is similar to Paypal, Square Cash, or Venmo. The difference is that Glint allows users to store their money as grams of gold instead of fiat money. Customers can easily spend their saved gold by using the Glint Mastercard or through the payment app. Glint charges a 0.5% fee on gold transactions.
Glint makes it easy for people to hold savings in gold, dollars, and other currencies. Clients’ dollars are held by… Read more
Thousands of clients and growing
Glint’s scalable platform is live and available in 200 countries around the world and Glint Mastercards can be issued in 37 different countries. The Glint App is available for both iOS and Android and Glint accounts can be topped up by either Bank Transfer or connected debit card, for both platforms.
Highlights as of 31st March 2021:
$36,753,977 in gold stored through Glint (this is a dollar conversion using GGM/USD 31st March)
76,197 registered users
15,928 active clients
User base is now growing at a rate of 40% per quarter
2020 revenue: $300,000
Glint has partnerships with Mastercard, Brinks, Lloyds Bank, and Sutton Bank.
Fans of hard money
Glint is targeting the growing number of consumers who are looking at alternative ways to store and access their money, outside of the traditional banking system. This may include those who are currently risking much more volatile markets in cryptocurrencies or the Stock Market.
A gold-based financial system
Glint is a digital payments and savings platform. Glint is one of a very few companies that equip customers to execute retail electronic transactions denominated in gold, at the checkout. Glint turns an age-trusted store of value into a contemporary medium of exchange by giving instant liquidity to real, solid gold. Enabling its clients to save in a medium that is proven to increase in value over time, whilst having the added benefit of allowing instant, simple spending at the same time. There are very few currencies that can rival that liquidity.
The company currently generates revenue in the following ways:
0.5% fees on gold transactions
0.2% to 1% merchant interchange fee, i.e. a share of debit card transaction
Digital payment platforms have become a large and important part of the global economy. In the U.S., the market leaders include Paypal, Venmo, and Square Cash. Glint offers a differentiated product in this market by building its financial ecosystem around gold.
Today, the size of the digital-enabled gold market is small, and mostly exists in the form of ETFs and other long-term investment instruments. Glint’s goal is to transform gold into a widely used, liquid form of currency around the world.
Glint’s vision is to become a global, gold-based alternative to banking, payments, and inflation-prone fiat money. Its mission is to allow anyone, anywhere to buy gold and then save, send, exchange, and spend it like cash, with much lower fees than credit cards, and the peace of mind that comes with having the world’s most stable currency at their fingertips.
Glint aims to bring reliable and independent gold-as-currency to everyone in the world.
Backed by notable firms
Glint has raised $27 million to date including notable global investors.
Sprott : A global asset manager with $16B under management and 200,000 clients. Focused on precious metals
TOCOM: The Tokyo Commodity Exchange, a large Japanese commodity futures and gold exchange
NEC Capital Solutions: Japanese multinational information technology and electronics company, headquartered in Tokyo
Glint is raising $6-$8 million in this round of funding at a pre-money valuation of $35.9 million.
Use of Proceeds:
New key hires.
Working capital/other OpEx
Jason Cozen | Founder & Chief Executive Officer
Jason has 20 years of experience within the eCommerce technology and digital marketing sector. Founder of digital agencies Visuality and Bite and online gold bullion dealer GoldMadeSimple.
Risks of early stage investment. Not an offer to buy or sell securities. This is a long-term speculative illiquid investment. Investment is not FDIC insured.
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