Hamburg-based Tomorrow, a sustainable banking supplier, has raised practically €5M in funding. Current traders Abacon Capital, ETF Companions and Kopa Ventures in addition to first-time investor IFB Innovationsstarter participated on this spherical.
Current traders are additionally concerned within the funding spherical by changing convertible loans value tens of thousands and thousands of euros. These traders embody Abacon Capital, Porsche Ventures, Rolf Schroemgens, Aenu, Haltra, and among the founders of Signavio.
Tomorrow has achieved month-to-month profitability for the primary time since June 2024, each on the EBITDA and internet revenue stage.
Michael Schweikart, co-founder and co-CEO of Tomorrow, says, “We’re at present passing an essential milestone with Tomorrow. Regardless of a difficult market atmosphere, which has hit many startups laborious, we have been capable of safe a considerable financing spherical and are worthwhile on a month-to-month foundation for the primary time.”
Capital utilisation
Tomorrow will use its new capital primarily for buyer progress and increasing its merchandise, together with an rate of interest product.
Since October 17, the corporate has provided versatile account charges for its “Now” account mannequin, permitting prospects to pay what they need every month, beginning at 0 euros. This pricing mannequin goals to make sustainable banking extra accessible and supply a good, versatile choice for patrons.
Tomorrow: Every part it’s essential know
Based in 2018 by Inas Nureldin, Michael Schweikart and Jakob Berndt, Tomorrow is a sustainable digital banking supplier in Europe. The corporate goals to make use of cash as a device for constructive change, benefiting folks, the local weather, and the long run.
With over 100,000 prospects and greater than 10,000 crowd traders, Tomorrow is Europe’s largest crowd-backed firm. It provides sustainable present accounts and an funding fund aligned with the Paris Local weather Settlement.
Tomorrow ensures all investments keep away from dangerous industries like coal and manufacturing unit farming and assist tasks that align with the United Nations’ Sustainable Growth Objectives.
Though Tomorrow GmbH doesn’t maintain a banking license, it processes transactions by means of Solaris SE, a totally regulated European financial institution licensed and supervised by the German Federal Monetary Supervisory Authority (BaFin).
