Based in Hamburg Tomorrowsustainable banking player, raised nearly €5 million in financing. Existing investors Abacon Capital, ETF Partners and Kopa Ventures as well as first investor IFB Innovationsstarter participated in this round.
Existing investors are also participating in the round by converting convertible loans worth tens of millions of euros. These investors include Abacon Capital, Porsche Ventures, Rolf Schroemgens, Aenu, Haltra and some of the founders of Signavio.
Tomorrow achieves monthly profitability for the first time since June 2024, both in terms of EBITDA and net profit.
Michael Schweikart, co-founder and co-CEO of Tomorrow, said: “We are currently reaching an important milestone with Tomorrow. Despite a difficult market environment, which hit many startups hard, we were able to secure significant funding and are profitable on a monthly basis for the first time.
Use of capital
Tomorrow will use its new capital primarily for customer growth and product expansion, including an interest rate product.
Since October 17, the company has offered flexible account fees for its “Now” account model, allowing customers to pay what they want every month, starting from 0 euros. This pricing model aims to make sustainable banking services more accessible and provide a fair and flexible option for customers.
Tomorrow: everything you need to know
Founded in 2018 by Inas Nureldin, Michael Schweikart and Jakob Berndt, Tomorrow is a Sustainable Digital banking supplier in Europe. The company aims to use money as a tool for positive change, benefiting people, the climate and the future.
With more than 100,000 customers and more than 10,000 crowdfunders, Tomorrow is the largest crowdfunding company in Europe. It offers sustainable current accounts and an investment fund aligned with the Paris Climate Agreement.
Tomorrow ensures that all investments avoid harmful industries like coal and industrial agriculture and support projects that align with the United Nations Sustainable Development Goals.
Although Tomorrow GmbH does not hold a banking license, it processes transactions through Solaris SEa fully regulated European bank, licensed and supervised by the German Federal Financial Supervisory Authority (BaFin).