French Neobank Startup, Green-Got, Collaborates with 1300 Crowdfunded Climate-Conscious Investors

Techcrunch | Romain Dillet | May 4, 2023

Image: Green-Got

Green-Got, a French startup focused on climate change, is collaborating with 1300 investors who funded the project through crowdfunding to create an alternative to conventional bank accounts.

Innovations: Green-Got is a climate-focused neobank that ensures customers' money is not invested in environmentally harmful companies.
- The bank tracks the carbon dioxide equivalent (CO2e) of card purchases to help users understand their personal environmental impact.
- Green-Got also donates interchange fees to selected non-profits, as the company does not want to generate revenue from these fees.

See: Alternative forms of capital will be key to develop sustainable economic systems

Features: Green-Got offers essential banking features, such as a mobile app, a current account with a French account number, and a debit card compatible with Apple Pay and Google Pay.
- There are no foreign transaction fees on top of Mastercard's exchange rate.
- The neobank charges a €6 monthly subscription fee, with no free tier, to prioritize sustainable growth.
Potential Impact: Green-Got aims to address climate concerns in the banking industry and could change the way customers perceive and engage with their banks.
- The neobank competes with traditional retail banks that are incorporating climate impact into their priorities.
- Green-Got's success could encourage more financial institutions to prioritize environmental sustainability and transparency.

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NCFA Jan 2018 resize - French Neobank Startup, Green-Got, Collaborates with 1300 Crowdfunded Climate-Conscious Investors The National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org