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Sustainable banking platform Green-Got eyes international expansion

Source: Green-Got

Founded in 2020, Green-Got is a French banking platform whose mission is to empower every user to fund and invest in the ecological transition–even those unfamiliar with finance.

Green-Got has now raised €5 million to scale its offer and impact, including €1.9 million from its community and another €3 million in venture capital led by leading climate tech VC Pale blue dot.

Green-Got, a community-led initiative since day one, limited its equity fundraising from professional investors to €3 million, leaving a pocket of nearly €2 million for its passionate community of users to invest in the startup personally. More than 10,000 customers declared interest in the investment opportunity, and the €1.9 million target was reached in less than 80 minutes, with 1,350 people fast enough to invest.

“We have built Green-Got since day one with our community. This dream to build a bank that funds the transition is a dream we share with all our users. It was very important for us to enable them to be technically associated with the project they have supported for months now. We are changing the financing model so that everyone, regardless of their financial status, can join the adventure. Not only the biggest international investors.” Said Maud Caillaux, Green-Got co-founder.

With this capital, Green-Got is pursuing its objective of activating the most significant lever to implement the green transition: finance. Even though the amount of money going towards climate has increased by 60% since 2013, there is still a massive gap in global climate financing. The Green-Got platform is dedicating financial support to high-impact projects like the afforestation and preservation of forest ecosystems, cleaning the oceans from plastic pollution, and developing renewable energy where it is most needed. They will now address the market of green finance in other European countries like Belgium and develop their offer with personal saving accounts and accounts for sole traders.

“We are facing a big demand in this growing green finance market in Europe. Our challenges today are prioritizing these market demands: which countries offer for which customers. We are delighted to see such growth and enthusiasm. This fundraising will allow us to scale the offer and the impact of Green-Got,” said Andrea Ganovelli, CEO and co-founder of Green-Got.

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