Glint provides a mobile app and prepaid Mastercard that allows users to buy, save, spend, and send allocated gold and multiple currencies, ensuring ownership of physical gold stored in secure vaults. This solution addresses the need for a stable currency alternative to fiat money, offering a hedge against inflation and market volatility.
Funding
$46.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional fiat currencies are susceptible to inflation and economic instability, eroding purchasing power and creating uncertainty for individuals seeking to preserve their wealth. Existing financial systems often lack transparency and accessibility, limiting options for those seeking alternative stores of value.
Solution
Glint provides a mobile app and prepaid Mastercard that enables users to buy, save, spend, and send allocated physical gold alongside traditional currencies. Users can purchase fractional amounts of gold, which is then securely stored in Brink's Vault in Switzerland and insured by Lloyds of London. The platform allows for seamless conversion between gold and USD, facilitating everyday transactions using the Glint Mastercard. By offering access to allocated gold, Glint aims to provide a stable and reliable alternative to fiat currencies, hedging against inflation and market volatility.
Target Audience
Glint primarily targets individuals seeking a stable alternative to traditional fiat currencies, particularly those concerned about inflation and economic instability, as well as those looking for a transparent and accessible way to invest in and spend gold.
Features
- Purchase and sale of allocated physical gold in fractional amounts
- Secure storage of gold in Brink's Vault in Switzerland, insured by Lloyds of London
- Multi-currency wallets for holding both gold and USD
- Instant transfers between gold and USD wallets
- Glint Mastercard for spending gold or USD globally, accepted in 210 countries and territories
- Free USD transfers between Glint accounts
- Real-time wholesale market rates for gold purchases and sales with a low 0.5% fee
- 24/7 gold trading availability with added margin outside of trading hours