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Augmont Partners with Fintech Firms to Expand Digital Gold Services

by Barbara Miller

Augmont – Gold For All, a prominent integrated gold-tech firm in India, has solidified its role as a key collaborator with leading fintech companies to enhance digital gold services across the country.

From refining to retailing, Augmont covers the entire spectrum of gold operations. According to a company statement, Augmont has entered into partnerships with Fello, Navi, Gullak, Muthoot, Kreditbee, Multipl, and Fampay. This strategic alliance aims to leverage Augmont’s expertise in offering innovative gold investment solutions to customers of these fintech firms.

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This collaboration is poised to bolster Augmont’s foothold in India’s fintech market while providing fintech players with robust, secure, and reliable digital gold options to integrate seamlessly into their platforms.

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Augmont’s digital platform enables users to engage in gold transactions within a unified fintech ecosystem. Customers of partner fintech firms can effortlessly buy, sell, and securely store vaulted gold in real-time, with transactions starting as low as ₹10, all at the touch of a button.

Furthermore, customers have the flexibility to invest in 24-carat gold of 99.9% purity, stored in fully insured vaults. Augmont also offers the unique feature of converting digital gold holdings into physical gold, which can be delivered directly to their doorstep.

The collaboration between Augmont and these fintech firms aims to democratize digital gold investments, making gold more accessible and manageable as an investment option for a broader audience, according to the company statement.

Sachin Kothari, Director of Augmont – Gold For All, emphasized the significance of digital gold investments in today’s era, particularly appealing to Gen Z and Millennials who prefer managing their finances online. He expressed excitement about simplifying and digitizing gold investments through partnerships with leading fintech firms. Kothari highlighted that these collaborations will enhance gold’s accessibility as an investment asset, making it available with a simple tap on a smartphone.

Augmont – Gold For All offers a range of services including Digi Gold, Gold Loan, EMI Gold, Sell Old Gold, Gold SIP, Gold FD+, Gold Jewellery, and Bullions. The company has established partnerships with over 10,000 jewellers through its spot platform.

Moreover, Augmont has received accreditation from the Bureau of Indian Standards and the National Accreditation Board for Testing and Calibration Laboratories, underlining its commitment to quality and reliability in the gold industry.

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