What VeraCash does

VeraCash is a French fintech that operates an online account and Mastercard debit card backed by 100% physical, allocated precious metals — gold, silver, and investment-grade diamonds — held in high-security vaults at the Geneva Free Ports in Switzerland. Account balances are expressed in VRC units (1 VRC = 1 EUR), with metal-backed peer-to-peer transfers and a free physical Mastercard that converts gold or silver to fiat at point of sale using Mastercard's interbank rates. The product set spans four asset tiers: GoldPremium (legal-tender coins with a crisis-premium component, 3% purchase fee), GoldSpot (jewelry-backed gold at international spot price, 3% fee), Silver (legal-tender silver coins, 7% fee), and Diamond (IGI-certified, 0.5–2 carat investment diamonds, 10% fee). The Vera Silver and Vera Valor coin brands are proprietary to the parent group, with Prooftag serialisation for authenticity. Pricing is transparent, with free storage, free card issuance and use, free P2P transfers, and only a 0.02%/day inactivity fee kicking in after six months of dormancy.

VeraCash is wholly owned by AuCOFFRE.com SAS, the French online precious metals market leader, and operates as a payment services agent for Treezor SAS (ACPR approval number 16798), giving it a regulated e-money and IBAN infrastructure. The company is ISO 9001 and ISO 27001 certified, audited annually by LRQA, and subject to surprise inspections by French and Swiss customs. It is available to residents of 28 European countries, is headquartered in Bordeaux, France, and has been led since inception in 2015 by founder and CEO Jean-François Faure. The Vera Valor coin is the best-selling ounce of gold in France, with roughly 800,000 coins minted since 2012 by the parent group.

The business model is fully self-serve and product-led, with onboarding in roughly five minutes via iOS/Android app or web, no minimum purchase, and transaction-fee monetisation at the point of EUR-to-metal conversion and metal resale (1–3% spreads on resales, 0.8% on credit card top-ups, ancillary fees for cards and statements). The target customer is the European individual saver seeking diversification, financial independence from traditional banking, and everyday payment utility from a precious-metals balance. To date, the company has raised approximately $3.1M across two disclosed rounds (2017 Happy Capital seed of ~$721K and a 2021 round of ~$2.4M), holds a 4.5/5 Trustpilot rating, and operates with 11–50 employees.

Name

VeraCash

Legal name

Veracash SAS

Website

https://veracash.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

11–50 employees

Short description

VeraCash is a French fintech that offers an online account and Mastercard debit card backed by 100% physical, allocated gold, silver, and diamonds stored in Swiss vaults, serving individual savers across 28 European countries seeking an alternative to traditional banking.

Ownership category

akta.pro rank

Product category

Digital Precious Metals Banking

NAICS

Credit Card Issuing (522210)

SIC

Finance Services (6199)

akta.pro primary industry

Card Issuing & Virtual Cards (lodge cards, single-use, tokenization) (THALAHAB)

Keywords

• Precious metals account
• Gold-backed payments
• Digital gold savings
• Debit card services
• Investment metals platform

Headquarters

HQ city

Bordeaux

HQ country

France

HQ region

Europe

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Technology or R&D, Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Precious metals purchase fees: Fees charged on the conversion of EUR into allocated physical precious metals. GoldPremium: 3% of purchase amount; GoldSpot: 3% of purchase amount; Silver: 7%; Diamond: 10%. Credit card top-up adds 0.8% per transaction (up to 5 deposits/week, €3,500/day limit). Bank transfer top-ups are free.
2. Debit card transaction revenue: No fees on card payments or ATM withdrawals in Eurozone or internationally. Revenue generated from the spread between the precious metals sale price and the interbank exchange rate when converting VRC to fiat at point of sale, plus the management fee built into GoldPremium pricing.
3. Precious metals resale via bank transfer: Resale of gold/silver/diamonds back to VeraCash via bank transfer: 1% of amount + €30 for overseas transfers; 1% for French domestic transfers. Immediate bank transfer carries a 3% spread. Deferred bank transfer has no spread.
4. Account inactivity fees and ancillary charges: Oxidation fee of 0.02%/day applied after 6 months of account inactivity (per deposit). Inheritance management fee of €100. Reissue of payment card before expiry: €30. Payment cancellation fee: €25. Paper statement duplicates: €20.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels5 records

Core offering

VeraCash operates a digital precious metals account and Mastercard debit card that lets users buy, hold, and spend physical gold, silver, and diamonds stored in Swiss vaults. Account balances are expressed in VRC units (1 VRC = 1 EUR), enabling peer-to-peer transfers and fiat conversion at point of sale, with no minimum purchase required and free card payments and ATM withdrawals globally.

Differentiator

Problem solved

Functional benefit

Brands

• GoldPremium: Allocated physical gold backed by legal tender and bullion coins, including Vera Valor coins. Features a premium component that can increase in value during crises.
• GoldSpot
• Silver (Vera Silver)
• Diamond
• VeraValor
• VeraCarte
• VRC

Products and services

• GoldPremium Allocated physical gold product backed by legal tender and bullion coins, including proprietary Vera Valor coins. Features a 3% purchase service fee, a 0.86% premium over spot, and a premium component that can increase in value during crises. Targeted at European consumers seeking crisis-protected gold savings.
• GoldSpot Allocated gold backed by gold jewelry priced at the international spot rate with a 3% purchase service fee and a -0.25% premium (slightly below spot). Ideal for European countries with low taxation on precious metals such as Belgium. Features LBMA-certified and RJC-certified ethical sourcing.
• Silver (Vera Silver) 100% allocated silver backed by legal tender and bullion coins including proprietary Vera Silver and Vera Zanzibar coins with unique Prooftag Bubble Tag serialisation and QR codes for individual coin authentication. Features a 7% purchase service fee, 5.72% premium over spot, 999.7‰ fineness. Free card payment and withdrawal worldwide.
• Diamond Investment diamonds stored in Swiss vaults, certified by IGI (International Gemological Institute) and compliant with the Kimberley Process for conflict-free sourcing. Features 0.5-2 carats, D/E/F colour, VVS2/IF/FL clarity, very good/excellent cut, faint or no fluorescence, priced at €8.98 per millicarat with a 10% purchase service fee.
• VeraCash Mastercard Debit Card Free physical Mastercard debit card connected to a VeraCash precious metals account, converting physical gold and silver to fiat at point of sale or ATM. Accepted at ~40 million merchants and ~2 million ATMs globally with no fees on card payments or ATM withdrawals in any country. Contactless-enabled with freeze/unfreeze controls in the app, default limit €500/day up to €3,000/day upon request. Issued free of charge to SEPA residents.
• VRC Peer-to-Peer Transfer Free peer-to-peer transfer of VRC (VeraCash currency units, 1 VRC = 1 EUR) between VeraCash members globally, allowing members to send grams of gold and silver instantly and fee-free via the app or website.

Quantifiable outcome

• No minimum purchase required — start saving in gold from €1
• +5 more outcomes

Segments3 records

Ideal customer profiles3 records

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Eight partnerships are on record, tiered core, important and flagship.

• Treezor SAScoreTechnology or IntegrationTreezor SAS is an electronic money institution approved by the ACPR (Prudential Supervision and Resolution Authority) under approval number 16798, authorised to provide payment services under article L.314-1 of the French Monetary and Financial Code. VeraCash acts as a payment services agent for Treezor, providing the IBAN accounts and payment infrastructure that underpin the VeraCash digital account. This is a critical regulatory partnership without which VeraCash could not offer its accounts and payment cards.
• Mastercard InternationalcoreTechnology or IntegrationMastercard International is the payment network over which the VeraCash debit card operates. The VeraCash Mastercard is accepted at approximately 40 million merchants globally and allows ATM withdrawals at over 2 million ATMs worldwide. The card is provided free of charge and uses Mastercard's interbank exchange rates, which are close to the spot rate, eliminating foreign transaction fees. This partnership is central to VeraCash's unique gold-backed payment proposition.
• LBMA (London Bullion Market Association)importantOthersThe LBMA regulates gold and silver markets and sets refining standards. VeraCash's gold and silver suppliers are LBMA-certified, and gold products stored in vaults meet 'Good Delivery' standards certified by the foundry assayer's stamp on each product.
• RJC (Responsible Jewellery Council)importantOthersThe RJC certifies responsible sourcing practices for gold and diamond buyers. VeraCash works with eco-responsible suppliers certified by the RJC.
• IGI (International Gemological Institute)importantOthersVeraCash diamonds are certified by the IGI, the world's largest independent laboratory for testing and grading diamonds. Diamonds also comply with the Kimberley Process for conflict-free sourcing.
• AuCOFFRE.com SAS (Parent group)flagshipStrategic or Co-development PartnerAuCOFFRE.com is the parent company and French market leader for buying, selling, and vaulting of silver and gold coins online since 2009. VeraCash is its subsidiary that digitises precious metals via an online account and payment means. The group also includes VeraValor (the mint producing Vera Valor gold coins and Vera Silver coins). VeraCash leverages AuCOFFRE's infrastructure, supplier relationships, and market leadership.
• Geneva Free Ports and WarehousescoreOthersSwiss vault storage at Geneva Free Ports houses all physical precious metals held by VeraCash on behalf of its members. This location keeps assets outside the traditional banking system and offers high-security storage facilities. Annual independent audits are conducted at these vaults.
• LRQA (Lloyd's Register Quality Assurance)importantOthersLRQA is the global specialist in risk management that audited and certified VeraCash for ISO 9001:2015 (quality management) and ISO 27001 (information security). Audits were conducted in June–July 2024.

Scale indicators7 records

Recent moves6 records

Expansion highlights6 records

Regional players

• GoldRepublic: GoldRepublic is a Dutch online platform for buying, selling, and storing allocated physical gold and silver in Swiss vaults. Direct regional peer to VeraCash in the European retail precious metals savings space.

Direct peers

• Glint Pay: Glint was a UK-based fintech offering gold-backed Mastercard debit cards with a digital account, allowing users to hold and spend gold in real time. Direct competitor to VeraCash's core proposition of precious-metals-backed payment cards.
• GoldMoney: GoldMoney (now held within the broader Monetary Metals ecosystem) is a long-standing online precious metals platform allowing users to buy, store, and transfer allocated gold/silver/platinum. Comparable to VeraCash on the physical allocated custody and online account proposition.
• Kinesis Money: Kinesis operates a gold- and silver-backed digital currency (KAU/KAG) with debit card spending and peer-to-peer transfers, similar to VeraCash's VRC model. Both offer allocated precious metals holdings usable for everyday payments.
• OneGold: OneGold is a precious metals platform jointly operated by the Royal Canadian Mint and Finemetal Asia, offering allocated gold and silver redemption, trading, and storage. Comparable to VeraCash on allocated metal savings and storage.
• BullionVault: BullionVault is the world's largest online bullion investment service, allowing retail users to buy, sell, and store allocated physical gold/silver/platinum in professional vaults. Strong overlap with VeraCash on allocated physical metals savings in regulated vaults.

Broad incumbents

• The Perth Mint: Perth Mint is a Western Australian government-backed precious metals refiner and storage provider offering allocated gold and silver storage programs. Comparable to VeraCash on the allocated custody + storage side, but a much larger incumbent.
• Degussa Sonne/Mond Goldhandel: Degussa is one of Germany's largest precious metals dealers and refiners, offering allocated gold/silver savings and storage products. Larger incumbent operating across the full precious metals value chain (refining, retail, vaulting).

Market position

Strengths3 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/veracash_fr
• Facebookfacebook.com/veracarte
• LinkedInlinkedin.com/company/veracash

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Funding overview

Funding rounds2 records

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about VeraCash