GoldMoney Inc
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| Public | |
| Traded as | : XAU |
| Industry | Holding Company |
| Founders | James Turk Roy Sebag Josh Crumb |
| Headquarters | Jersey, Crown Dependency, United Kingdom and Toronto, Canada |
|
Area served
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Worldwide |
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Key people
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Roy Sebag CEO Josh Crumb CFO John Butler Head of Wealth Services Mahendra Naik Stefan Wieler V.P. Goldmoney Insights Paul Mennega COO |
| Products |
Payment systems Savings Precious Metals |
| Revenue |
 $524 million (2017)
|
| Subsidiaries | BitGold |
| Website | www |
Goldmoney is a global full reserved gold-based financial services company founded by James Turk, Roy Sebag, and Josh Crumb. The company operates under the Network, Wealth, Physical, and Insights subsidiaries which offer full reserve precious metal focused financial services encompassing savings, payments, wealth services, dealing, execution, custody, and research. Goldmoney Inc. was formed as a holding company following the acquisition by publicly listed BitGold Inc. of the Goldmoney business in 2015. The company subsequently changed its name to Goldmoney Inc. The company has over 1,400,000 clients and total customer assets of 1.8 billion representing 34.1 tonnes of gold making it one of the largest privately owned gold reserves in the world.
Goldmoney Inc. is headquartered in Toronto Canada and in Saint Helier Jersey. The company is listed on the and has a market capitalization of $312 million as of February 27, 2016. GoldMoney Inc. investors and backers include Eric Sprott, Albert D. Friedberg, George Soros, Adam Fleming, and Canadian Banks Canaccord Genuity.
Goldmoney Network is a self-directed gold payments and savings network based in Toronto, Canada. Users of the network may open personal or business accounts allowing them to save, spend, send, receive, earn and redeem physical gold bullion within the network. The company has stated that it is a full-reserve and gold-based financial service.Roy Sebag who is one of the founders invented and patented a gold settlement technology which is a ledger that collects and distributes real-time gold prices from bullion counterparties making it more accessible to buy and sell physical gold at the market spot price.
Goldmoney Wealth is a worldwide precious metal custodian and investment firm headquartered in Saint Helier, Jersey in the British Channel Islands. Goldmoney Wealth allows its customers to buy, sell or hold physical allocated metal stored in high-security vaults located in five countries. Goldmoney also provides its clients with wealth services, trading and execution, custody, and research on macroeconomic market trends relating to financial markets. The company was founded by former Chase Manhattan banker and commodity forecaster James Turk in 2002. Turk has stated that the company's mission was to “establish a financial institution that would recognise gold's significance as a financial asset.” As of December 2015, the company has stated it looks after over 1.5 billion in customer assets held under bailment contract (company has possession but client retains property, full title).
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