Company Performance Metrics
- Zara Shirwan: Co-Founder and COO
SigraFi operates at the intersection of gold production, private credit, and onchain capital markets. It provides secured finance to Micro, Small, and Medium-sized Enterprises (MSMEs) that produce unrefined gold doré and are looking to expand in a severely underbanked worldwide industry. Rather than pay interest, the borrower contractually
undertakes to sell SigraFi a minimum quantity (kg) of unrefined gold (doré bars), each month for the term of the loan. The price for the doré is set at a fixed percentage discount to the LBMA gold spot price. SigraFi refines the gold into 24ct bullion, then sells the gold bullion to its contracted offtake partners, earning the net discount margin on each gold purchase.
50% of SigraFi’s net profit is invested in gold bullion and vaulted, building a gold bullion treasury.
The gold bullion treasury is used to collateralise SigraFi’s institutional-grade secured loan notes, which are issued onchain. This debt capital funds further secured lending to SigraFi’s borrowers, increasing SigraFi’s contracted doré supply.
