Invest in Glint

Gold has been trusted globally as a store of value for ages and central banks are some of the largest owners and buyers of gold. Central banks consider it the currency of “last resort” but until now, it hasn’t been a good medium of exchange.

In order for money or currency to be universally accepted it must have the seven properties of money: fungible, durable, divisible, portable, acceptable, uniform, and limited in supply. While gold was the dominant form of money, it was eventually replaced by fiat currency to satisfy gold's missing properties (portable and divisible). However, with new technological solutions, gold can now be portable and divisible, making it a significant candidate for the new global currency.

Glint is a response to inflation, fractional reserve banking, systemic problems in the financial sector, and the challenges in enabling gold to participate in the digital payments ecosystem.

Glint offers an alternative to fiat currencies enabling its clients to buy, sell, save, send, and actually spend real, allocated gold with the flexibility of Mastercard.

Glint client gold is allocated gold – client gold is physical, legally owned outright by the client, and unlike fiat currency held in banks, is never put at risk through lending. Glint client’s gold is pure (999.9) and from London Bullion Market Association (LBMA) refineries ensuring provenance over the chain of custody. The quantity and quality of client gold are audited on a monthly basis by a 3rd party auditor, Bureau Veritas.

Some banks loan gold to make money. Cryptocurrencies that are backed by gold are a digital token that has a claim on gold, so owners don’t own the gold directly. An exchange-traded fund (ETF) doesn’t allow you to own the gold directly either. Glint client’s physical gold is held outside of the banking system in a secure bullion vault in Switzerland owned by Brinks, one of the world’s largest custodians of gold, and is insured by Lloyds of London.

In addition to offering its customers the freedom to hold assets in gold or USD, Glint also offers the flexibility to spend abroad with its Glint Card (Mastercard). Glint Pay Inc. is a U.S.-based authorized Card Program Manager. Funds are held at Sutton Bank, a member of the Federal Deposit Insurance Corporation (FDIC), in an FDIC-insured account. Glint Pay Inc. employs effective Anti-Money Laundering (AML), Countering the Financing of Terrorism (CFT), and fraud prevention systems and controls to mitigate and combat risks.

The Glint App allows users to hold gold and USD wallets and transfer between them. Users can also send USD to other Glint account holders. Glint allows users to send gold peer-to-peer across borders to anyone in the world.

Glint also offers a wealth management portal called The Gold Portal. The Gold Portal allows wealth managers to efficiently purchase physical gold and allocate gold on a user’s behalf. Wealth managers can now increase their AUM by including allocated gold as part of their clients’ portfolios.

Glint can accept funds from brokerages such as Charles Schwab and Fidelity, helping convert poor-performing portfolios into a course of funds for gold.

Users are able to view their gold and USD in real-time and make currency transfers simply, instantly, and securely.

Glint also gives clients unprecedented liquidity in their portfolio: instant access to the value of their gold as everyday money. This reduces the need for discretionary managers to release cash by selling assets.

Glint also offers an invitation-only account called the “X” account. The “X” account is an extraordinary fusion of gold and modern technology. This revolutionary new account is the first in history that enables users to pay with real gold using an 18k solid gold Mastercard, while enjoying higher benefits.

Each “X” card is engraved with an array of distinguishing marks demonstrating a user’s unique gold card. Other benefits include dedicated account management, first refusal for Glint events, 0.5% gold back when a user buys/sells gold, only 0.5% on foreign exchanges, free profit and loss statements, no maximum account balances, 24/7 private concierge and lifestyle service, airport premium lounge key, flight delay pass, airport fast track, and an incredible suite of insurance benefits.

As Glint rolls out additional products on the Glint platform, the business expects to open its API to enable third parties to integrate into the Glint platform and payments network. This will enable a host of new consumer and business-focused applications and integrations with: (1) Wealth managers, (2) Cryptocurrency exchanges, (3) neCommerce systems, (4) Robo-advisors, (5) Accounts systems, (6) New app developers, (7) Banks, (8) Payment systems, (9) Self-directed retirement account platforms.

Glint’s growth marketing strategy has to date involved targeted digital marketing, affiliate partnership, public relation (“PR”), and influencer marketing channels. Glint’s current go-to-market strategy involves direct advertising, acquiring wealth managers, partnering with financial institutions, viral technology, and integrating Glint’s Gold Portal into SaaS platforms.

Direct advertising: Targeting potential revenue-generating clients via paid digital advertising and affiliate marketing.

Wealth managers: Acquiring HNW clients of wealth managers using Glint’s Gold Portal to buy allocated, rather than paper, gold for their clients.

Financial institutions: Partners with financial institutions to provide Glint with access to their clients.

Viral growth technology: The product becomes inherently viral by enabling the sending of gold to non-Glint clients via tech and launching a referral marketing engine.

Advisor SaaS platforms: Making it easier to onboard more wealth managers by integrating Glint’s Gold Portal into the SaaS platforms that advisors already use.

Glint charges (i) a 0.5% fee to exchange currencies (gold, USD, GBP, EUR) and (ii) a 0.24% annual custody and storage fee on gold holdings.

Glint receives between 0.2% – 1.0% of the interchange fee every time a customer pays with the Glint card.

The Company plans to generate additional revenue from: (1) A capital gain or loss report, (2) Account tier subscriptions that come with benefits including metal cards (including a solid 18k gold card), (3) Business accounts, (4) Other revenue streams to be evaluated and considered.

Glint’s financial milestones include the following as of March 31, 2023: (1) 2.2 Tonnes of gold (~$130+ million) on the Glint Platform, (2) 37% YoY increase in turnover (gross sales) from $80 million in 2021 to $110 million in 2022, $360 million Annual Run Rate Revenue (ARRR) in gross sales as of March 2023, (3) 150% YoY increase in fee revenue from $680,000 in 2021 to $1.7 million in 2022, $4.5 million ARRR in fee revenue as of March 2023, (4) $709,000 fee revenue in Q1 2023, 83% quarter-over-quarter, (5) 5% annual churn rate, (6) 68g (~$4,400) average gold wallet account.