tavex kft.

What tavex kft. does

Tavex Kft. is the Hungarian private-limited subsidiary of the Tavex Group, a Scandinavian-originated precious-metals and currency-exchange retailer founded in 1991. The company buys and sells investment-grade physical gold and silver (bars and coins from refiners and mints such as Valcambi Suisse, PAMP Suisse, Argor-Heraeus, Perth Mint, Austrian Mint, and the Royal Canadian Mint) and operates a parallel scrap-gold and scrap-silver purchasing service with purity-based pricing. Revenue is generated primarily through bid-ask spreads on bullion and foreign-currency transactions; investment gold is sold VAT-exempt under EU law, while silver and non-investment gold items are subject to standard or differential VAT.

The technology stack is a commodity e-commerce platform hosted on AWS (evidenced by AWSALB/AWSALBCORS sticky-session cookies) with live multi-currency spot-price charts for XAU and XAG against HUF, EUR, and USD, a Tavex ID portfolio-management account, automated PriceBot and PriceAlert notifications, and an abandoned-cart recovery layer (CartStack, OptinMonster). Distribution is hybrid: a Budapest flagship office at Szabadság tér 7, Bank Center serves as the primary Hungarian touchpoint (appointment-based, Mon–Fri 09:00–17:00), while the parent group operates approximately 30 offices across 12 European countries (Hungary, Bulgaria, Estonia, Finland, Poland, Latvia, UK, Norway, Sweden, Romania, Denmark, Serbia). Recent Hungarian SZTFH regulation has restricted investment-gold distribution to in-store activity, suspending courier delivery for that category.

The customer base is a long-tail of individual retail investors, scrap-metal sellers, and currency-exchange customers; the Tavex Group states ~1.9 million customers served annually group-wide, with no disclosed enterprise anchors. The go-to-market is sales-led and relationship-driven, emphasizing free in-person consultation and trust, supplemented by content marketing in Hungarian across a financial-news blog, email newsletter, Facebook, YouTube, Instagram, and TikTok. No revenue is publicly disclosed and there is no evidence of external funding rounds or M&A activity.

Name

tavex kft.

Legal name

Tavex Kft.

Website

https://tavex.hu

Company type

Private

Founded year

1991

Operating status

Operating

Headcount range

1–10 employees

Short description

Tavex Kft. is the Hungarian subsidiary of the Tavex Group, selling physical investment gold and silver bars and coins and providing currency exchange and scrap-metal buying services to individual retail investors across Europe through physical offices and an AWS-hosted e-commerce platform.

Ownership category

akta.pro rank

Product category

Precious Metals Trading & Bullion Retail

NAICS

Jewelry Retailers (45831)

SIC

Retail-Jewelry Stores (5944)

akta.pro primary industry

Precious Metals Minting & Bullion Products (IMAKAEAJ)

Keywords

• Precious metals trading
• Investment gold bars
• Investment silver coins
• Currency exchange services
• Bullion dealer

Headquarters

HQ city

Budapest

HQ country

Hungary

HQ region

Europe

Offices12 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure, Technology or R&D, Others

Revenue model

1. Precious metals trading (buy/sell): Tavex buys and sells investment gold and silver bars and coins. Revenue is generated through the spread between buying and selling prices. Investment gold is VAT-exempt in Hungary under EU law. Damaged products are bought at lower scrap gold/silver prices.
2. Currency exchange: Currency exchange services with live market rates for multiple currencies including EUR, USD, GBP, CHF, and others. Tavex offers travel cheatsheets and rate locking for 4 hours. Note: Tavex does not currently exchange currency or banknotes in Hungary - these are informational rates only.
3. Scrap gold and silver purchasing: Purchase of damaged gold and silver items, jewelry, and scrap metals. Prices are based on purity (333-999 for gold, 500-999 for silver). Special pricing applies for non-standard transactions above 50,000,000 HUF.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels8 records

Core offering

Tavex Kft. buys and sells physical investment gold and silver bars and coins (VAT-exempt under EU law) sourced from authorized refiners and mints including Valcambi Suisse, PAMP Suisse, Argor-Heraeus, Austrian Mint, Perth Mint, and Royal Canadian Mint. It also provides multi-currency foreign exchange services across its European office network and purchases scrap/damaged gold and silver items valued by purity testing. Customers transact in person at its Budapest office (now legally required for investment gold) or via the tavex.hu online storefront, with the Tavex ID account providing live portfolio tracking, price alerts, and market data.

Product overview

Tavex Kft. is a precious metals and currency exchange company offering physical gold and silver bullion products alongside currency trading services. The product portfolio centers on investment-grade gold bars (1g-1kg) and gold coins (from mints including Austrian, Canadian, Australian, and South African) as well as silver bars and coins. The company provides live market pricing in multiple currencies, currency exchange services, scrap gold/silver purchasing, and a digital Tavex ID account for portfolio management. The business operates as a physical office in Budapest with online ordering capabilities, focusing on in-store sales following new regulatory requirements.

Differentiator

Problem solved

Functional benefit

Products and services

• Investment Gold Bars Physical gold bullion bars in weights of 1 gram to 1 kilogram, sourced from LBMA-accredited refiners including Valcambi Suisse, Argor-Heraeus, and PAMP Suisse at 999.9 (24K) purity. Sold VAT-exempt as investment gold. Sold to individual investors and businesses for wealth preservation, with quantity-tiered bulk discounts.
• Investment Gold Coins Government-minted gold coins including the Austrian Philharmonic, Canadian Maple Leaf (.9999), Australian Kangaroo, South African Krugerrand, and American Eagle, with purities ranging from 916.7 to 999.9. Sold to private investors as authorized distributor of the major world mints.
• Investment Silver Bars Physical silver bullion bars, primarily 1 kilogram Valcambi Suisse silver bars at 999.9 purity, sold with quantity-tiered bulk discounts. Subject to differential VAT taxation in Hungary.
• Investment Silver Coins Government-minted silver coins including the Austrian Philharmonic, Australian Koala, Australian Kangaroo, Canadian Maple Leaf, and South African Krugerrand, typically at 999.9 purity, with quantity-tiered bulk pricing and subject to differential VAT.
• Currency Exchange Services Foreign currency exchange services across EUR, USD, CHF, GBP and additional currencies, with live exchange rates, 4-hour rate locking, and travel cheatsheets. Available across the Tavex Group's 30 European offices in 11 countries.
• Scrap Gold and Silver Purchase Purchase of damaged, broken, or estate gold and silver items including jewelry and bullion, priced by professional purity testing (gold 333‰–999‰, silver 500‰–999‰). Special pricing tier applies for non-standard transactions above 50,000,000 HUF.
• Tavex ID Portfolio Management Account Free, secure online account enabling customers to manage demo and live precious metals portfolios, access investment tools, configure PriceBot and PriceAlert notifications, and view live gold and silver market charts across multiple currencies and time horizons.

Quantifiable outcome

• Serves approximately 1.9 million customers annually across Europe
• +3 more outcomes

Named customers2 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

Feature3 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Perth Mint (Australia)coreTechnology or IntegrationLong-term partnership as official partner for Australian bullion products including Kangaroo, Koala, and Lunar series silver and gold coins. Tavex offers market-leading quotes for Perth Mint products and serves as authorized distributor.
• Austrian Mint (Münze Österreich)coreTechnology or IntegrationOfficial partner distributing Austrian Philharmonic gold and silver bullion coins, described as Europe's most popular 1 oz gold coin with 100 euro face value.
• Valcambi SuissecoreTechnology or IntegrationPartnership with Switzerland's largest precious metals foundry for gold and silver bars. Valcambi is LBMA-accredited and produces 999.9 purity bars. Tavex offers comprehensive Valcambi product range.
• PAMP SuissecoreTechnology or IntegrationAuthorized distributor for PAMP Fortuna and other premium gold bar products. PAMP is described as market leader in gold bars with global recognition.
• Argor-HeraeuscoreTechnology or IntegrationPartnership for Swiss-manufactured gold and silver bars including 1 oz, 50g, 100g, 250g, and 1 kg formats. Argor-Heraeus is a leading Swiss refinery.
• Canadian Royal MintcoreTechnology or IntegrationDistributor for Canadian Maple Leaf gold and silver coins, featuring .9999 purity (four nines) and security features including micro-engraved marks.
• FedExminorChannel Partner/ Reseller/ DistributorShipping and logistics partner for package delivery. Orders are shipped fully insured via FedEx with tracking numbers provided to customers.

Scale indicators4 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Pro Aurum: One of Europe's largest precious-metals dealers, offering gold and silver bars/coins to retail and institutional buyers through physical offices and online channels. Closely comparable to Tavex in product range, customer mix, and reliance on spread-based revenue across German-speaking Europe.
• Degussa Goldhandel: German precious-metals dealer with multiple retail locations and a full product catalog of investment bars, coins, and numismatics. Highly comparable to Tavex in physical-retail-driven distribution, multi-country footprint, and emphasis on personal consultation for retail investors.
• CoinInvest: European online precious-metals dealer selling investment gold, silver, platinum, and palladium bars and coins to retail customers. Comparable to Tavex in catalog breadth and target customer, though more digital-native and without Tavex's physical-office network.
• BullionVault: Online platform enabling retail investors to buy, sell, and store allocated physical gold, silver, platinum, and palladium. Comparable as a precious-metals retail liquidity provider, though BullionVault focuses on vaulted storage rather than physical pickup.
• GoldRepublic: Dutch-headquartered online precious-metals platform serving European retail investors with vaulted gold, silver, and platinum. Comparable to Tavex's online channel and customer base, though without Tavex's physical-office distribution.
• Sharps Pixley: UK-based precious-metals dealer offering investment gold and silver bars and coins to retail and institutional clients. Comparable to Tavex's UK operation in product mix and emphasis on physical distribution of investment-grade bullion.
• GoldMoney: Global precious-metals platform offering allocated, unallocated, and pool-allocated precious-metals ownership to retail and institutional investors. Comparable to Tavex's digital portfolio management and retail-investor focus, with a different storage model.

Broad incumbents

• Münze Österreich (Austrian Mint): Sovereign mint producing the Vienna Philharmonic gold and silver coins that Tavex distributes. While a key supplier partner, the Austrian Mint also sells directly to consumers through its own channels, placing it in partial competition with Tavex's product range.
• Perth Mint: Australian sovereign mint whose Lunar, Kangaroo, and Koala series are core products for Tavex. Operates its own direct-to-consumer retail channel alongside authorized-dealer distribution, making it both a supplier partner and a partial competitor.
• Heraeus Precious Metals: Global precious-metals refiner and Argor-Heraeus parent that supplies Tavex with bars, while also selling precious-metals products to banks, investors, and industrial customers. Comparable at the upstream bullion-production and broader market-infrastructure layer.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/@TavexMagyarorszag/videos
• Facebookfacebook.com/tavexhungary
• Instagraminstagram.com/tavex_hungary
• TikToktiktok.com/@tavexmagyarorszag
• LinkedInlinkedin.com/company/tavex-kft

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 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 tavex kft.