The startup offers a gold trading platform that enables customers to purchase gold in monthly installments through an online account, facilitating the accumulation of gold at competitive rates. This service addresses the challenge of saving and liquidating gold assets by allowing users to easily convert their holdings into cash when needed.
Funding
$620K 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 methods of purchasing and storing physical gold and silver can be cumbersome, often involving high transaction fees, storage costs, and limited accessibility. Many individuals find it challenging to regularly invest in precious metals due to these barriers and the complexities associated with secure storage and liquidation.
Solution
Minted provides a mobile platform for users to effortlessly buy, sell, transfer, and manage physical gold and silver. The platform allows users to purchase precious metals starting from small amounts and set up automated monthly plans, providing a flexible and accessible way to accumulate gold and silver. Minted ensures the security of the precious metals by storing them in a Grade 10 vault facility, audited by Alex Stewart International. Users can easily liquidate their holdings and transfer the funds to a Minted Cash account, which can then be withdrawn to a personal bank account without any withdrawal fees.
Target Audience
Minted targets individuals looking for an accessible and convenient way to invest in physical gold and silver, particularly those who are new to precious metal investing or prefer managing their assets through a mobile platform.
Features
- Mobile app available on iOS and Android for buying, selling, and managing precious metals.
- Monthly plans with customizable amounts and no fixed commitments.
- Secure storage in a Grade 10 vault facility, audited by Alex Stewart International.
- Instant cash withdrawals to a Minted Cash account with no withdrawal fees.
- Transfer feature for sending gold, silver, or cash to other users.
- Portfolio tracking and real-time market rate monitoring.
- Physical delivery of 10g gold bars via insured courier.
- Investment-grade gold and silver sourced from LBMA-approved refineries.