Tavex Crown Loading

The leading precious metals and banknote dealer in Northern Europe

Tavex Group was founded in 1991 and it has firmly established itself as a leading precious metals and banknote dealer in Northern Europe, serving on average 1.9 million clients annually.

Tavex Group in numbers

Key numbers about our business and achivements

8

countries

1.9

million customers served per year

30

offices

3000+

kilograms of gold sold per year

200+

talented employees

25

years of experience

50

currencies

10+

years in gold business

100k+

monthly exchange transactions

500k

monthly website visitors

8

countries

1.9m

million customers served per year

30

offices

3000+

kilograms of gold sold per year

200

talented employees

25

years of experience

10+

years in gold business

500k+

monthly website visitors

50

currencies

100k+

monthly exchange transactions

You get financial benefits from our services

Insure and grow your wealth with Tavex Group

Investment Gold

Invest in gold coins and bars with market leading prices. Best price guaranteed.

01
We sell gold coins and bars

Investment Silver

Invest in silver coins and bars with market leading prices. Best price guaranteed.

02
We sell silver coins and bars

Scrap gold and silver

Selling and buying is a two-way market. Tavex also buys gold and silver.

03
We buy gold and silver

Currency Exchange

We offer excellent rates and low fees combined with friendly customer service.

04
We exchange currencies

Payment Services

You can transfer money worldwide, in cash or via bank transfers.

05
We transfer money worldwide

The Year Was 1991

Joint stock company Tavid was established in April 1991 by Mr Alar Tamming. Originally the main activity was dealing with video rental in Tallinn Video Center and that’s how the company got its name Tavid. The company was actively looking for ways to make extra money and the first foreign exchange transaction took place in October 1992.

The Year Was 1996

The first foreign subsidiary of Tavid AS was founded in 1996 in Finland. It was named Tavex OY. The decision to start company’s overseas expansion from Finland was based on company’s business philosophy according to which money must be earned in rich countries and spent in poor countries, where costs were low. An express money remittance service between Finland and Estonia was set up, which was unique at the time.

The Year Was 2002

In 2002 the company continued its expansion in Latvia under the name of Tavex SIA. Although the local business culture was very different there – doing business in Estonia was a way more simple and transparent at the time – hard work brought success. By now Tavex SIA has altogether five offices in Riga.

The Year Was 2004

In 2004 Tavex started to sell investment gold. Initially, the goal was to help maintain the value of our business owner Mr Tamming’s assets, but after Tavex had obtained a small stock of gold, many people turned out to be interested in investing their money in precious metals. Tavex started to offer everyone the opportunity to keep their money in investment gold, so that in the looming financial crisis there would be as little losers as possible. One kilogram of investment gold cost around 10,865 euros at the time.

The Year Was 2005

In 2005 our second subsidiary in Scandinavia – Tavex AB – started in Sweden. We began to offer currency exchange services and sell investment gold at competitive prices, even though the beginning was quite complicated. Thanks to the excellent service, customer friendly pricing and commitment, we were able to prove ourselves on the Swedish market, and we are well known and appreciated participant with 5 offices in the Swedish market by now.

The Year Was 2008

Because of the uncertain economic situation and falling stock markets many people were seeking refuge in investment gold. The Tavex Group experienced a surge in demand and sold a record 2,159 kg of investment gold in 2008.

The Year Was 2009

In 2009 Tavex EOOD in Bulgaria was founded. As our mother country is very small the company realized that in order to be successful in business it had to develop and spread more widely geographically. In the rapidly evolving business environment of Bulgaria Tavex EOOD started off well and now has a total of seven offices in Sofia, Varna, Burgas and Plovdiv.

The Year Was 2010

In 2010 Tavex continued its mission in the Scandinavian market and opened an office in Denmark. The business seemed promising right from the beginning and even the great prosper never followed, we were able to achieve a strong position. We are pleased to offer our services in Denmark and to introduce the advantages of investing in precious metals in such respectable business environment.

The Year Was 2011

Tavex AS was established in Norway. The first office to serve customers in Oslo started in May 2014. Tavex Group reached a new era in its history. According to Payment Institutions and E-money Institutions Act the Financial Supervision Authority issued Tavid AS a payment institution license that allows the company to provide money remittance services. The state's new monitoring system gave us a better chance to spread to new markets and provide our customers broader range of services.

The Year Was 2013

Tavex Group sold a total of 3,137 kilograms of investment gold in 2013. Uncertain future of the world economy and monetary policy stimulated interest in alternative investment opportunities such as precious metals.

The Year Was 2014

In 2014 Tavex Group continued its expansion in Eastern Europe when a company named Tavex Sp. z o.o. Was established in Poland. The first office was opened in Warsaw in 2015. A subsidiary company named TavexWise AS was founded and Tavex Group continued to provide all its payment services under TavexWise trademark. TavexWise requested the payment institution license from the Financial Supervision Authority instead of Tavid AS according to Payment Institutions and E-money Institutions Act.

2016 And Onwards

Tavex Group was actively looking for ways to reach its business outside of Europe therefore TavexWise began to offer money remittance service to Philippines. It is vitally important for the company to keep up with the political developments of the modern world and to provide our customers in Tavex Group’s multicultural host countries the services they need.

Select your country and browse local website

Tavex Group has branches in 8 European countries. We provide payment services via banks worldwide and starting from 2016 we offer money remittance service to Philippines.

We have strong values and we live by them every day

Every employee, every manager, even clients

Contact us and find out more

We believe communication is the the key

tavex@tavex.eu T +372 627 9900
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