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.
Key numbers about our business and achivements
million customers served per year
kilograms of gold sold per year
years of experience
years in gold business
monthly exchange transactions
monthly website visitors
Insure and grow your wealth with Tavex Group
Invest in gold coins and bars with market leading prices. Best price guaranteed.
Invest in silver coins and bars with market leading prices. Best price guaranteed.
Selling and buying is a two-way market. Tavex also buys gold and silver.
We offer excellent rates and low fees combined with friendly customer service.
You can transfer money worldwide, in cash or via bank transfers.
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 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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Tavex Group has branches in 14 European countries. We provide payment services via banks worldwide and starting from 2016 we offer money remittance service to Philippines.
Every employee, every manager, even clients
We believe that our clients are the most important aspect of our business. We always strive to provide the best possible service, meaning exceptional customer care, transparent pricing of our services and products, and, most importantly, top priority given to our clients’ needs and interests. We welcome both private customers and businesses.
We believe that trust is everything, especially in our field of work. With trust we thrive as a business, without it we perish. To be considered trustworthy for us means success - it is the abstract bedrock that provides support for our operation, the fuel to keep us going every day. We believe that to keep you trusting us we consistently need to deliver high quality products, peerless services, unbiased advice and a safe and convenient two-way market that enables you to exchange gold, silver and currency easily at market leading prices.
We believe that our partners play a key role in our development and growth. Thus we are committed to fostering our long-term partnerships in a way that balances the mutual interests of all parties.We have both small and large businesses as our partners.
We believe that our most treasured assets are all the individuals that make up the Tavex team. They are our starting point and we go a long way to provide optimal conditions for their well-being. We choose our employees carefully and we take great pride in having a team of dedicated, talented, and service-oriented individuals that share the same high standards of integrity, professional ethics and passion to excel.
We believe communication is the the key