GoldMoney Bundle
Who Owns Goldmoney?
Understanding a company's ownership is key to its strategy and accountability. The 2015 merger of BitGold Inc. and Goldmoney created Goldmoney Inc., a leader in digital precious metals, payments, and storage.
Founded in 2001 by James Turk, Joshua Dale Crumb, and Roy Sebag, Goldmoney Inc. is headquartered in Toronto, Canada. Their vision was to make precious metal savings accessible through technology, building the world's safest financial service.
As of March 31, 2025, Goldmoney Inc. had 12,951,350 issued shares and a market cap of approximately $116.04 million CAD. The company holds $2.9 billion CAD in client precious metal assets under custody, serving clients in over 100 countries. This includes their GoldMoney PESTEL Analysis.
Who Founded GoldMoney?
GoldMoney Inc. was established in 2001 by James Turk, Joshua Dale Crumb, and Roy Sebag. James Turk, a former Chase Manhattan banker, envisioned a financial institution that would acknowledge gold's role as a financial asset. Roy Sebag, a notable entrepreneur, later founded BitGold in 2014, which evolved into a successful digital gold platform. Joshua Crumb, a co-founder, has been instrumental in the company's strategic direction.
| Founder | Role | Background |
|---|---|---|
| James Turk | Founder | Former Chase Manhattan banker, commodity forecaster |
| Joshua Dale Crumb | Co-founder, Chief Strategy Officer, Director | Senior Metals Strategist at Goldman Sachs |
| Roy Sebag | Founder, CEO | Israeli-Canadian contrarian investor and entrepreneur |
Founding Year
GoldMoney Inc. was founded in 2001, marking the beginning of its journey in the precious metals sector.
Founding Vision
The company was initiated with a mission to recognize gold's significance as a financial asset.
Key Acquisition
In 2015, the original Goldmoney business was acquired by BitGold Inc. for CAD $51.9 million.
Name Change
Following the acquisition, BitGold Inc. subsequently rebranded itself as GoldMoney Inc.
Founder Ownership Stake
As of March 31, 2025, founders and board members collectively held approximately 42% of the company's shares.
CEO's Shareholding
Roy Sebag's beneficial ownership reached approximately 25.77% on a partially diluted basis as of January 23, 2024.
The early ownership structure of GoldMoney Inc. saw a significant transformation with the 2015 acquisition of the original Goldmoney business by BitGold Inc. for CAD $51.9 million. This strategic merger led to BitGold Inc. changing its name to GoldMoney Inc., consolidating its identity. While initial equity distributions at the company's inception are not publicly disclosed, founders and members of the board of directors collectively maintained a substantial ownership of approximately 42% of the outstanding shares as of March 31, 2025. Roy Sebag, a key founder and the current CEO, notably increased his beneficial ownership to around 25.77% of the issued and outstanding shares on a partially diluted basis by January 23, 2024, through strategic market purchases. This significant stake underscores the founders' ongoing commitment and influence over the company's strategic direction, aligning with the Mission, Vision & Core Values of GoldMoney.
Key Ownership Details
Understanding GoldMoney ownership reveals a strong foundation built by its founders and their continued involvement.
- Founders: James Turk, Joshua Dale Crumb, and Roy Sebag.
- Founding Year: 2001.
- Major Transaction: Acquisition by BitGold Inc. in 2015 for CAD $51.9 million.
- Current Founder/Director Ownership: Approximately 42% as of March 31, 2025.
- CEO's Ownership: Roy Sebag holds approximately 25.77% as of January 23, 2024.
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How Has GoldMoney’s Ownership Changed Over Time?
The ownership of Goldmoney Inc. has evolved significantly since its inception in 2015, stemming from the merger of BitGold and the original Goldmoney entity. The company operates with a straightforward structure, featuring one class of shares and no outstanding debt.
| Metric | Value | Date |
|---|---|---|
| Issued and Outstanding Shares | 12,951,350 | March 31, 2025 |
| Market Capitalization (approx.) | $116.04 million CAD | Early 2025 |
The foundational ownership of Goldmoney Inc. is held by its founders and board members, who collectively possess approximately 42% of the company's issued shares. Roy Sebag, the current CEO and a co-founder, is a significant stakeholder, holding about 25.77% of the shares on a partially diluted basis as of January 23, 2024. This core ownership group plays a pivotal role in guiding the company's strategic initiatives, including its diversification into property investment via Goldmoney Properties Limited and its substantial 36% stake in Menē Inc., a brand specializing in 24-karat gold jewelry. These ventures underscore a vision to enhance and solidify the company's exposure to real assets.
Key Stakeholders and Share Distribution
Goldmoney Inc.'s shareholder base is predominantly composed of public companies and retail investors, who together hold approximately 94.50% of the common stock. While institutional investors hold a smaller percentage, their influence is notable.
- Founders and Board Members: ~42%
- Public Companies and Retail Investors: ~94.50% of common stock
- Metalion Investments Limited: 3.54% (447,281 shares as of August 5, 2024)
- Forest Capital Operating Company LLC: 1.03% (129,882 shares as of June 12, 2024)
- Evli Fund Management Company Ltd.: 0.58% (73,720 shares as of June 29, 2024)
- Roy Sebag (CEO and Co-Founder): ~25.77% (partially diluted basis as of January 23, 2024)
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Who Sits on GoldMoney’s Board?
The current Board of Directors for Goldmoney Inc. is instrumental in guiding the company's strategic direction and governance. The board consists of five directors, including key figures like CEO Roy Sebag and Lead Independent Director James Turk. Other members include Mahendra Naik, Stefan Wieler, and Andres Finkielsztain, with Renee Wei also noted in some reports.
| Director Name | Role | Key Committee |
|---|---|---|
| Roy Sebag | Chief Executive Officer and Director | |
| James Turk | Lead Independent Director | |
| Mahendra Naik | Independent Director | Audit Committee Chair |
| Stefan Wieler | Independent Director | |
| Andres Finkielsztain | Independent Director |
Goldmoney Inc. operates under a single class of shares, indicating a standard one-share-one-vote structure without any preferential voting rights. This means that voting power is directly proportional to share ownership. The founders and board members collectively hold approximately 42% of the company's shares, granting them substantial influence over corporate decisions. Roy Sebag, as the CEO, holds a significant individual stake of around 25.77%, further reinforcing management's control. In a significant governance move approved by shareholders in September 2024, the company transitioned its corporate domicile from British Columbia to the British Virgin Islands to improve operational efficiency. This decision, coupled with the election of all five management-nominated directors at the 2024 Annual General and Special Meeting, highlights strong shareholder confidence in the current leadership and the company's strategic path, reflecting a stable Competitors Landscape of GoldMoney.
Shareholder Influence and Governance
The ownership structure of Goldmoney Inc. significantly influences its governance. A substantial portion of shares is held by the founders and board members, ensuring aligned interests and strong leadership control.
- Founders and board members collectively own approximately 42% of the company.
- CEO Roy Sebag holds a significant individual stake of around 25.77%.
- The company utilizes a one-share-one-vote system, with no dual-class shares.
- Shareholders approved a corporate domicile change to the British Virgin Islands in September 2024.
- All management-nominated directors were elected at the 2024 Annual General and Special Meeting.
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What Recent Changes Have Shaped GoldMoney’s Ownership Landscape?
Over the past few years, Goldmoney Inc. has actively managed its capital through share repurchases and strategic diversification. These actions reflect a commitment to enhancing shareholder value and adapting to market conditions.
| Fiscal Year End | Shares Repurchased & Cancelled | Average Price | % Reduction in Shares Outstanding |
|---|---|---|---|
| March 31, 2024 | 726,160 | $8.46 | 6.1% |
| March 31, 2025 | 569,800 | $8.41 | 1.6% |
| June 30, 2025 (Q1 FY26) | 323,400 | $8.11 | N/A |
The company's strategic direction includes significant investments in real assets, notably the acquisition of the Clarendon Estate in Oxford through its wholly-owned subsidiary, Goldmoney Properties Limited. This move, approved by shareholders in September 2024, also saw the company transition its corporate jurisdiction to the British Virgin Islands for increased efficiency. While the Goldmoney founder maintains a substantial ownership stake of approximately 42%, these developments highlight a proactive approach to capital allocation and business expansion within the precious metals and real asset sectors.
Shareholder Value Enhancement
Consistent share repurchases, such as the 726,160 shares cancelled in FY24 and 569,800 in FY25, aim to reduce the number of outstanding shares, potentially increasing earnings per share and tangible equity per share.
Strategic Asset Diversification
The establishment of Goldmoney Properties Limited and the acquisition of the Clarendon Estate demonstrate a strategic pivot towards inflation-protected real assets, diversifying the company's asset base beyond precious metals.
Corporate Jurisdiction Transition
Shareholder approval in September 2024 to move the corporate jurisdiction to the British Virgin Islands signals a focus on operational efficiency and potentially a more favorable regulatory environment for its global operations.
Founder's Continued Influence
The Goldmoney founder remains a significant shareholder, holding approximately 42% of the company's shares, indicating a continued vested interest and influence in the company's strategic direction and operations.
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