Golomt Capital

What Golomt Capital does

Golomt Capital is a Ulaanbaatar-based, privately held full-service securities company and 100% subsidiary of Golomt Bank, founded in 2011 and licensed by Mongolia's Financial Regulatory Commission as a broker, dealer, underwriter, and investment advisor. It operates four core business lines: domestic securities brokerage on the Mongolian Stock Exchange, international brokerage routed through Interactive Brokers (access to 33 countries, 150 exchanges, and 25 currencies), equity underwriting (IPO/FPO) and bond underwriting (open, closed, and asset-backed), and investment advisory (M&A, valuation, restructuring, and strategic consulting). The firm has pioneered multiple Mongolian market firsts, including the first online trading system (2014), the first Interactive Brokers integration (2019), and a series of bond-structure firsts between 2015 and 2021, accumulating 57.3B MNT in IPO underwriting volume and over 50B MNT in bond issuance across 14 issuers.

Distribution is multi-channel: a proprietary web platform (trader.golomtcapital.com), a mobile application, IPO subscription embedded inside the SocialPay super-app, phone/email brokerage desks, in-person service at the Park Place headquarters, and global access via Interactive Brokers. The firm monetizes primarily through transaction commissions on domestic and international trades (0.56–2% per the disclosed range), professional service fees on IPO and bond underwriting mandates, and advisory fees on M&A and corporate finance engagements. Retail clients (any Mongolian adult can open an account) and enterprise clients (companies seeking capital-raising mandates) form two primary segments. Supporting the franchise is GCC Academy, a tiered investor-education program, and a research operation producing daily, weekly, quarterly, and annual market publications.

Name

Golomt Capital

Legal name

Голомт Капитал ҮЦК ХХК (Golomt Capital IB LLC)

Website

https://golomtcapital.com

Company type

Private

Founded year

2011

Operating status

Operating

Headcount range

11–50 employees

Short description

Golomt Capital is a Ulaanbaatar-based, Golomt Bank-owned securities firm offering domestic and international (Interactive Brokers) brokerage, equity and bond underwriting, and investment advisory services to Mongolian retail and corporate clients.

Ownership category

akta.pro rank

Headquarters

HQ city

Ulaanbaatar

HQ country

Mongolia

HQ region

Asia

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Brokerage Commission: Commissions charged on domestic and international securities trades executed on behalf of clients. Domestic trading covers the Mongolian Stock Exchange; international trading covers markets accessible via Interactive Brokers (HK, US, Canada, UK, Australia, Shanghai, Japan and others). Commission rates for domestic trading referenced as ranging from 0.56-2% of proceeds.
2. IPO/FPO Underwriting: Fees charged for leading or participating in IPO and FPO underwriting for Mongolian companies. Golomt Capital has underwritten IPOs totaling 57.3 billion MNT with orders of 74.8 billion MNT (30.6% oversubscribed). Issuer companies include Erdene Resource Development, Mandal Insurance, Tumen Shuud, and Central Express.
3. Bond Underwriting: Fees for structuring and underwriting bond issuances including open bonds (public), closed bonds (private placement), and asset-backed securities. Golomt Capital has structured over 50 billion MNT in bond issuances across 14 issuers and 200+ investors, including Mongolia's first insured bond (MMF Bond 1), first open bond (Suu Bond), first hybrid bond (Master Bond), first bank-guaranteed bond (Numur Bond), and first non-exchange market bond (Moncon Bond).
4. Investment Advisory Consulting: Advisory fees for M&A advisory, company valuation, business plan preparation, legal advisory, marketing advisory, and financial/accounting advisory services for companies seeking to raise capital or restructure.

Pricing tiers

Go-to-market motion3 records

Distribution channels7 records

Marketing channels6 records

Core offering

Golomt Capital is a Mongolia-licensed securities company that executes domestic and international securities brokerage for retail and institutional clients, and provides equity underwriting (IPO/FPO), bond underwriting, and investment advisory services (M&A, company valuation, business plans, legal/marketing/financial advisory) for Mongolian companies seeking to raise capital. Its services are delivered through proprietary online and mobile trading platforms, a SocialPay integration, and an Interactive Brokers sub-brokerage for international market access.

Product overview

Golomt Capital operates as a full-service securities company offering a multi-channel brokerage platform combined with investment banking services. The core product portfolio spans: (1) multi-channel brokerage for domestic Mongolian trading (via the online trading system at trader.golomtcapital.com, the Golomt Capital mobile app, and SocialPay), (2) international brokerage through Interactive Brokers covering 33 countries and 150 exchanges, (3) equity and bond underwriting (IPO/FPO and bond issuance), and (4) investment advisory including M&A and strategic consulting. Supporting these core offerings are the GCC Academy (education and training), Market Reviews, Research Reports, and the Bluebook publication. The company also issues branded bond products including Asaya Bond, Gerge Bond, and Bers Bond (Mongolia's first OTC market bond).

Differentiator

Problem solved

Functional benefit

Brands

• GCC Academy: Educational and training platform for investors, operated by Golomt Capital to provide financial literacy and investment training programs.

Products and services

• Domestic Securities Brokerage Brokerage services for the Mongolian Stock Exchange covering primary and secondary market trading of stocks, corporate bonds, government bonds, and asset-backed securities, accessible via the online trading system, mobile app, and SocialPay for any Mongolian adult.
• International Securities Brokerage

Quantifiable outcome

• 57.3 billion MNT total IPO volume underwritten with 74.8 billion MNT in orders (30.6% oversubscription)
• +3 more outcomes

Named customers4 records

Segments4 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature5 records

Partnerships

Five partnerships are on record, tiered core, flagship and major.

• Interactive BrokerscoreTechnology or Integration · 1 January 2019Golomt Capital holds an official sub-brokerage license to offer Interactive Brokers online trading services in Mongolia (first in the country in 2019). Through this partnership, clients can access global markets across 33 countries, 150 exchanges, 25 currencies, and 600+ investment products.
• Mining Exchange (Уул уурхайн бирж)flagshipOthers · 1 January 2011First in Mongolia to obtain a mining exchange brokerage license from the Financial Regulatory Commission in 2011. Continuously operating since establishment. Provides brokerage services for mining exchange trading.
• SocialPaymajorTechnology or IntegrationGolomt Capital has integrated IPO subscription functionality within the SocialPay super-application, enabling Mongolia's mobile payment users to participate in IPOs through a widely-used consumer platform.
• Mongolian Stock Exchange (MSE)coreOthersGolomt Capital operates as a licensed securities broker on the Mongolian Stock Exchange, facilitating domestic securities trading and capital market access for its clients.
• Securities Central Depository (SCSD)coreOthersGolomt Capital utilizes the Securities Central Depository for custody of client securities and settlement of securities transactions, as required by Mongolian securities regulations.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Halyk Finance: Investment banking and brokerage arm of Halyk Bank, Kazakhstan's largest bank. Comparable as a regional Central Asian brokerage, underwriting, and asset management franchise operating in another frontier market with similar emerging-market dynamics.

Emerging players

• Tiger Brokers: Singapore-headquartered online broker with a regional Asian footprint. Comparable as an online-first, technology-led broker expanding into frontier and emerging Asian markets and offering international market access to retail investors.

Direct peers

• Ard Securities: Mongolian securities broker licensed by the Financial Regulatory Commission, offering domestic securities brokerage and underwriting services. A direct head-to-head competitor for retail and institutional clients on the Mongolian Stock Exchange.
• TDB Capital: Securities arm of Trade and Development Bank of Mongolia, one of Mongolia's largest commercial banks. Directly competes with Golomt Capital in domestic brokerage, equity underwriting, and investment advisory in the Mongolian market, with similar bank-distribution advantages.
• Bogd Bank Securities: Securities services affiliated with Bogd Bank, one of Mongolia's major commercial banks and a listed Golomt Capital partner. Competes in domestic brokerage and capital markets intermediation with similar bank-led distribution strengths.

Broad incumbents

• Interactive Brokers: Global online broker and Golomt Capital's exclusive international trading partner. While not a direct competitor in Mongolia's domestic market, IB is the upstream platform provider and a potential disintermediator if Mongolian investors open direct accounts.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights6 records

Customer concentration

• Xx.com/GolomtCapital
• LinkedInlinkedin.com/company/golomt-capital

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Funding overview

Funding rounds

Investors

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 Golomt Capital