Voima does business with a respected Customer segment called Miners, who help feed Voima’s gold-based ecosystem. They are people and organisations who help Voima in building its sourcing around recycled and sustainably mined gold—and hence contribute to the work towards a sustainable future.
In spite of the name, Miners can include various actors of different sizes. They can be small and medium-sized businesses who source gold material from private individuals and other companies. They can also be large-scale operators, such as mining companies, gold smelters and refineries.
But whether they are local, global, big or small, they are united in that each of them appreciates having Voima as part of their value chain.
The unit responsible for this line of business—Voima Miners—is continuously developing new solutions based on individual Customers’ needs and wishes in order to make your job easier. The unit is constantly looking for new services and solutions to offer for the Customers, meaning that your input is always appreciated and responded to.
For Voima, your reputation is as valuable as the company’s own. That is why the origin and composition of all the gold material is always verified before it enters Voima’s ecosystem. Voima’s transparent value chain has been designed to create true added value to both your stakeholders and to those of the company.
Voima pays 1% under the global gold market price. Miners can exchange gold and euros 24/7 in real-time either online or through the Voima app.
95% of the delivered batches have been so far processed on the delivery day. After the processing is done, the gold will appear on your Voima Account, ready to be exchanged for euros or withdrawn in pure gold. Further shipment, refining and price risks are on Voima.
Voima offers full information about its analyses, processes and pricing. The company has proudly engineered one of the fastest and efficient analysis processes in the world to determine the pure gold content of the delivered material. You are welcome to ask any questions regarding the analysis process or any other aspect of Voima’s business.
Miners, like other Customers, benefit from the incomparable features of Voima Account. For example, the gold on your Voima Account belongs entirely to you, and it will not be lent forward or securitised. The Voima app also allows easy access to your holdings.
It is highly recommended to open an account for yourself, your kids or your company!
One of Voima’s
Please provide a 24-hours’ notice through the app or call Voima’s Customer care prior to delivering your batch. You can also request a global or local secure pickup through the Customer care.
After the notice, you may deliver the batch to Voima’s office. If you requested a secure pickup, the logistics company will pick up the batch and take care of the delivery. You will be notified by email once Voima has received the batch.
An ED-XRF analysis is used to determine the composition of the batch. Batches containing other than pure or rudimentary bars will be smelted into bars, after which all the bars are drilled and the drilled samples are analysed. To this day, 95% of all batches have been analysed within 24 hours of the delivery.
After determining the composition of the batch, the amount of pure gold will be deposited into your Voima Account.
Once the gold appears on your Voima Account, you can exchange it for euros, withdraw both euros and gold or simply save gold on your Account. Voima also accepts LBMA fixing orders and performs Loco London transfers.
Gold is an element, which means that it cannot be broken down or transformed into another substance through chemical means. Thus, it can be said that gold is effectively eternal and constant in quantity: all the gold that has been discovered by humans is still on Earth, in one form or another. Even if gold-containing material were to undergo processing, the amount of gold would still remain the same. This means that the recycling rate of gold is virtually 100%, making gold one of the most sustainable natural resources.
The gold-related industries provide a source of livelihood for hundreds of millions of people worldwide, bringing positive socioeconomic impact to communities both small and large. In addition, gold is also used in health and technology due to its exceptional properties.
Through millennia, mankind has understood the value of gold. It is no wonder then that gold has remained a universal store of value throughout recorded history. This is why at Voima gold is regarded as money extraordinaire—something that holds the purchasing power now and in the future.
Most Miners do not deal with the end users of gold. For this reason, Miners have a limited impact on the individuals' perception of the global gold industry. It is Voima’s aim to affect the perceptions of the public about the positive aspects of gold mining and recycling by promoting sound industry standards, responsibility, traceability and the positive socioeconomic impact of the industry—while at the same time addressing the negative consequences that may be brought about.
The increasing focus on ESG and sustainability will shape the mining and recycling industries profoundly in the coming years. Ensuring sustainable and resilient value chains can have a meaningful impact on the success of your company and can even decrease your financing costs. Voima is committed to being at the forefront of sustainability by applying exceptional precision and transparent documentation to its processes and activities.
One of the core principles of Voima is to generate verified value to all stakeholders. This has been documented in the VerifiedValue™—Proof of Work, which details Voima’s processes and value chain.
In 2019, we identified issues and inefficiencies in the local recycling gold market. We worked together with Nordic recycling companies to understand what are the actual needs of the market players—and so the Voima Miners unit was born.
Since then, we have been able to invest in better equipment, making our analysis process one of the most efficient and the most transparent on the market. We can determine the gold content of a batch in less than an hour, and we do this with precision and reliability.
We are developing our services together with our Customers to get the real job done.
1. Open your own Voima Account.
2. Open your business account through the app.
3. Provide additional information by filling in the Know Your Customer form.
The review process will take only a few days. You will be contacted if further information is needed.
You can also enrol by making an appointment to Voima’s Helsinki office.
|Opening a Voima Account||Free|
|Safe account fee||0.99% |
Yearly rate, calculated on a daily basis and charged monthly in milligrams of gold, VAT included
|Deposit gold in Helsinki||€100|
Per deposit, charged in milligrams of gold
|Exchange gold for euros||1% |
|Exchange euros for gold||1.99% |
|Withdraw euros (by transfer)||Free|
|Withdraw gold (physical)||1% + €20|
Per bar (100 g or 1 kg), charged in euros or milligrams of gold
The exchange rate reflects the price at which Voima can exchange gold. Voima’s online platform updates the exchange rate in real time, and the data comes through an API connection between Voima and nFusion Solutions.
Our annual report of 2020 shows strong growth in terms of revenue, Customers and assets under management.