About VeraCash

VeraCash is reinventing financial independence

Our mission

VeraCash was created by an entrepreneur who sees gold as a precautionary savings tool, as a modern, viable alternative to classic currencies and as an instrument of freedom and protection against a loss of buying power. Jean-François Faure, the founder of VeraCash, wants to make precious metals as accessible as possible and to develop a durable gold-backed currency based on strong values. The VeraCash payment card was the first step in this gold payment revolution. Shortly after the company was created in 2015, a function was launched to enable the sending of grammes of gold, so providing a peer-to-peer means of exchange separate from the banking world, with the goal of facilitating payments between private individuals. In 2017, VeraCash included professionals in its ecosystem with the aim of offering a network of services and merchants via short, ethical channels.

The name ‘VeraCash’ is a combination of the Latin ‘vera’—which means ‘true’—and ‘cash’. ‘Vera’ is a symbol shared by several of our brands, including ‘VeraValor’ (gold coins minted by our group). ‘Vera’ is a clear affirmation of our ethical commitment to a sustainable economy, short consumer channels and environmental protection. In short, VeraCash is ‘true money’.

Our partners

Free ports and warehouses of Geneva logo

Geneva Free Ports and Warehouses

The Geneva Free Ports and Warehouses (Ports Francs et Entrepôts de Genève) have some of the most secure vaults in the world, perfect for storing the tonnes of precious metals held by our members.

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Treezor

Treezor is a French electronic money institution, approved by the French Prudential Control and Resolution Authority (ACPR). This partner allows us to issue the VeraCash® debit card and your personal IBAN.

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French Tech Bordeaux

VeraCash is a member of French Tech, a group that encompasses any and all French start-ups with international ambitions.

Working with supervisory authorities

In order to offer secure, compliant services to our members, VeraCash collaborates with a number of financial authorities, such as the Autorité de Contrôle Prudentiel et de Résolution (ACPR), the Financial Conduct Authority (FCA) and French Customs.

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ACPR

The ACPR (Prudential Supervision and Resolution Authority) approves VeraCash activities via the FCA (Financial Conduct Authority).

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Customs

French and Swiss Customs conduct surprise audits on our inventory to verify consistency with our company accounts.

A subsidiary of the French group AuCOFFRE.com

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AuCOFFRE

AuCOFFRE.com is the French leader for buying, selling and vaulting of silver and gold coins (only available in French).

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VeraCash

VeraCash digitalise precious metals by offering an online account and means of payments.

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VeraValor

VeraValor is the group’s Mint. It produces the coins that back VeraCash accounts..

Awards

Blue Ocean Awards

In December 2017, VeraCash won the Blue Ocean Award in the Mentor category. In November 2019, it won the same award in the Legend category.

FrenchWeb500

In 2017, VeraCash was already listed 74th in the FrenchWeb ranking of the top 500 French tech companies, leaping up to 65th place in 2018.

PayFORUM

In March 2018, VeraCash gets the reward "Pépite Génération French Tech 2018" in the Payment category.

SNCF Développement

In March 2018, VeraCash won the Payment category award at ‘Pépite Génération French Tech 2018’.