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We are one of the fintech winners of the "Startup Express 2020" in Hong Kong, co-organised by IPHATCH & Hong Kong Trade Development Council. https://www.iphatchday.com/copy-of-flaming-partners We wanted to reach out as we are going to open up the first round of financing to private investors starting from this month and you will be one our founding share holders in future IPO.
We provide a great fintech service to the global retail jewellers and their customers and connect them with a win-win solution. Under our online value guarantee solution, prices of 24K gold products sold to consumers will be pegged with spot gold prices and the actual value also assured on the date of purchase. We, on behalf of the retailer, safeguard consumers against a potential fall in gold prices; at the same time, consumers might benefit from any potential rise in gold prices. With this unique advantage and a 6-month assurance of price, the retailer will attract more consumers to buy their gold. If the gold price falls, consumers will be compensated by us for the difference. On the contrary, consumers can earn the value appreciation amount if there is a rise in international gold price during the 6-month period of time of price assurance.Our business nature is a Platform Business Model (B2B2C).
There is, of course, no value guarantee for the global jewellery consumer market currently. The risk of value depreciation is borne by consumers themselves. Our fintech solutions delivering extraordinary value to both consumers and jewellery retailers will topple over the traditional mindset. Since the value of the purchased item will be protected or even appreciate by disregarding the fluctuation of the gold price, it makes sense for jewellery retailers to incent consumers to buy more gold and jewellery products as a stable investment and helps boost their business eventually. This fintech service is developed mainly by using the combination of modern advanced internet technology, smart-contract technology, and gold derivative hedging instruments.Our gross profit is about 0.5% - 3% franchising fee against sales value of the goods sold by the retailers.