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GLINT isn't accepting new investments

GLINT’s deadline was September 1, 2021

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GLINT

Global platform that allows anyone to buy, save, spend, and transfer gold
Proprietary Technology Finance Apps
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Featured image of GLINT
Round
5th private placement
Allocation
$1,500,000
Pre-money valuation
$32.5M
Min. investment
$10,000
Instrument
Non-custodial equity
Closes on
September 1, 2021
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Closed on September 1, 2021. Information may not be up-to-date. Campaign closed on September 1, 2021. Information displayed may not be up-to-date.
Problem Solution Product Traction Customers Biz. model Market Vision and strategy Funding Founders Disclaimers
About Team Press

Documents

Capital R (OpenDeal Broker LLC, CRD #291387) is hosting this Reg D 506(c) securities offering by Glint Pay Limited.
Company documents
Subscription Agreement Glint PPM.pdf Disclosure Letter.pdf Disclosures & Dislaimers.pdf Additional Risk Disclosures.pdf Form CRS.pdf
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Investment summary


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

Disclosures & Disclaimers

Problem


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 its value over time, the price of gold can fall, as well as increase, which means the purchasing power of the customer can also fall.

** at 21st April 2021

It is widely accepted that Governments around the world are piling up debt and engaging in “quantitative easing” (AKA “printing money”). Total global debt has now reached $281 trillion, which is 356% of total global GDP. Some economists believe this will lead to additional inflation in the future.

A recent poll of 1,000 U.S. adults asked “How much trust do you have in the Federal Reserve to look out for the best interests of you and your family?” 39% of U.S. adults answered that they trust the Fed “a great deal” or “a fair amount”. 60% of respondents answered “not very much” or “none at all.”   

Solution


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 beginning of 2000, the price of gold has risen from $290 per ounce to around $1,800 per oz today***.

Gold is traditionally a “store of value” asset. It has no yield, but its price has proven to rise over time. Unfortunately for the investor, buying and selling gold has historically been a static process, once bought, it sits in a vault, slowly increasing in value over time, but until now it has never been a very good medium of exchange. Gold is heavy and cumbersome, easy to steal, when not in a vault; it’s also difficult to spend, until Glint came along it would never have been a consideration to use it to spend on everyday goods or services, to spend online or in-store at the checkout.

Glint allows its clients to store money in the form of real gold, and easily spend it using their Glint Mastercard® or through the Glint App, available for iOS from the App Store, as well as for Android at Google Play. 

Gold is automatically sold and turned into local currency, which is then used to pay for the transaction. Glint has built a gold liquidity engine that makes it fast and affordable to buy and sell small or large amounts of gold. When a Glint client spends a portion of their physical gold on a purchase, the correct amount of gold, sitting in their named and allocated account in the Swiss vault, is automatically sold to settle the transaction.

Product


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 Sutton Bank in Attica, Ohio, while their gold is held in a Brinks vault in Switzerland, in personally-allocated accounts. Gold holdings are insured by Lloyds of London. 

Traction


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.

Customers


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.

Business model


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 fees

  • 0.5% foreign exchange fees

  • Annual gold storage fee of 0.125% to 0.2%

Currently, Glint has gold payments enabled for USD, EUR and GBP, but plans to soon include JPY, SEK, CAD, SFR and, eventually, 17 other currencies. Gold and national currencies can be spent in 150 countries worldwide at the real exchange rate and a small 0.5% fee.

In the future, Glint plans to develop: 

  • Corporate Products

  • Tiered Subscriptions

  • Premium Card and account products (e.g. Solid Gold card)

  • Gold Savings Products e.g. Pension Wrappers, School Fees

  • 3rd Party corporate and client payments

Market


A unique offering: gold as money

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. 

Vision and strategy


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. 

Funding


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:

  • Growth marketing

  • Product innovation 

  • New key hires.

  • Working capital/other OpEx 

Founders


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.

Disclaimers


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. 

This site (the "Site") is owned and maintained by OpenDeal Inc., which is not a registered broker-dealer. OpenDeal Inc. does not give investment advice, endorsement, analysis or recommendations with respect to any securities. All securities listed here are being offered by, and all information included on this Site is the responsibility of, the applicable issuer of such securities. The intermediary facilitating the offering will be identified in such offering’s documentation.

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All broker-dealer related securities activity is conducted by OpenDeal Broker LLC, an affiliate of OpenDeal Inc. and OpenDeal Portal LLC, and a registered broker-dealer, and member of FINRA | SiPC, located at 1345 Avenue of the Americas, 15th Floor, New York, NY 10105, please check our background on FINRA’s BrokerCheck. Investments in private companies are particularly risky and may result in total loss of invested capital. Past performance of a security or a company does not guarantee future results or returns. Only investors who understand the risks of early stage investment and who meet the Republic's investment criteria may invest.  Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC verify information provided by companies on this Site and makes no assurance as to the completeness or accuracy of any such information. Additional information about companies fundraising on the Site can be found by searching the EDGAR database, or the offering documentation located on the Site when the offering does not require an EDGAR filing.

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Neither OpenDeal Inc., OpenDeal Portal LLC nor OpenDeal Broker LLC, nor any of their officers, directors, agents and employees makes any warranty, express or implied, of any kind whatsoever related to the adequacy, accuracy or completeness of any information on this Site or the use of information on this site. Offers to sell securities can only be made through official offering documents that contain important information about the investment and the issuers, including risks. Investors should carefully read the offering documents. Investors should conduct their own due diligence and are encouraged to consult with their tax, legal and financial advisors.

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Investors should verify any issuer information they consider important before making an investment.

https://www.finra.org/#/

https://www.sipc.org/

Documents

Capital R (OpenDeal Broker LLC, CRD #291387) is hosting this Reg D 506(c) securities offering by Glint Pay Limited.
Company documents
Subscription Agreement Glint PPM.pdf Disclosure Letter.pdf Disclosures & Dislaimers.pdf Additional Risk Disclosures.pdf Form CRS.pdf

About GLINT

Legal Name
Glint Pay Limited
Founded
Mar 2015
Form
United Kingdom Other
Employees
26
Website
glintpay.com
Social Media
Headquarters
Google Map location of of GLINT
Kemp House, 152 - 160 City Rd, , London, London
Headquarters
Kemp House, 152 - 160 City Rd, , London, London, United Kingdom EC1V 2NX

GLINT Team
Everyone helping build GLINT, not limited to employees

Profile picture of Jason Cozens
Jason Cozens
Founder & CEO
20 years’ experience within the eCommerce technology and digital marketing sector. Founder of digital agencies Visuality and Bite and online gold bullion dealer 'Gold Made Simple'.
Profile picture of Mark Follows
Mark Follows
Head of Compliance
Over 10 years experience within the financial services and payments industry. Mark has expertise in regulatory and risk requirements and compliance and Money laundering reporting officer (MLRO) roles.
Profile picture of Emmanuel Ide
Emmanuel Ide
Head of Engineering
Tech lead of company sold to Google + 15 years of experience across web, mobile & backend service technologies. He has worked on large scale financial services platforms & developed a passion for building customer-centric tech teams.
Profile picture of Andy Barlow
Andy Barlow
Creative Director
Andy has 25 years experience in building brands, engagement and lasting connections with new and existing clients. He is the creative lead on all communications, written and visual, across all digital, film, audio and print channels.
Profile picture of Tim Hoskins
Tim Hoskins
Head of Ops
Tim has over 20 year track record gained in the e-money, FX and mobile payments; both in start ups, acquisitions and PLC’s including Paysafe and Earthport. He has extensive experience in operations, treasury, and commercial functions.
Profile picture of Senthooran Ramachandran
Senthooran Ramachandran
Finance Director
A solution-oriented hands-on FCCA qualified Finance Professional. Formally at American Express, and Mastercard, Sen has a demonstrated history working in the payments industry and is skilled in financial management, strategy and planning.
3 more team members
Jason Cozens
Founder & CEO
Mark Follows
Head of Compliance
Emmanuel Ide
Head of Engineering
Andy Barlow
Creative Director
Tim Hoskins
Head of Ops
Senthooran Ramachandran
Finance Director

Press

Everything that Gleams isn't Glint, the Challenger Democr...
Disruption Banking Disruption Banking
·
Nov 19, 2020

"For instance on the 31st October Gold shot up to 1950 USD per ounce but then it dropped on the news of the Cure for Covi...

Sprott Media interviews Glint's Founder about US Launch
YouTube YouTube
·
Aug 12, 2019

Glint's US clients can buy, save, and spend their gold instantly via the Glint app and Mastercard.

U.S. Consumers Can Now Use Gold To Buy Every-Day Items
Kitco News Kitco News
·
Jul 30, 2019

(Kitco News) - The gold market has reached a historic moment as U.S. citizens can now monetize physical gold and spend it...

Glint launches gold-based debit Mastercard in the U.S.
Yahoo Yahoo
·
Jul 29, 2019

Gold is up nearly 8% year-to-date, despite the Fed expected to cut interest rates at its end of July meeting and ongoing ...

Glint Pay promises consumers an easier way to transact in...
The Denver Post The Denver Post
·
Jul 29, 2019

If entrepreneur Jason Cozens has his way, the United States will return to the gold standard, one consumer downloading on...

Glint CEO Cozens: a gold standard for your wallet
CNBC CNBC
·
Jul 29, 2019

Jason Cozens, Glint Pay CEO, discusses the launch of Glint's new gold-backed debit card

Glint launches peer-to-peer gold transfer service Glint I...
AltFi

Savings and Investment Users can now wire gold to each other directly through the Glint app. Image source: Jason Cozens/G...

Show all
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GLINT

GLINT successfully raised $719,716 from 55 investors on September 1, 2021
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