GreenGrowth, an investments app empowering consumers to invest for a more “sustainable world,” has acquired 77% (£258,568) of its £335,001 target via Seedrs (at the time of writing) from 72 investors with 23 days left in the firm’s crowdfunding campaign.
Located in London, United Kingdom, GreenGrowth operates in the Finance & Payments (Digital B2C) sectors. Incorporated in February 2020, the firm reports the following: Valuation (pre-money) £1.7M; Equity offered 16.59%; Share price: £6.58; Tax relief; EIS.
Here are the business highlights:
- Named one of Europe’s Top Wealthtech startups to watch in 2022
- Backed by VC firm SFC Capital & renowned Fintech investors
- Regulatory permissions granted & launch planned for Summer 2022
- Led by an expert team in sustainability, fintech and investing
Key features are as follows: Secondary Market; Seedrs nominee min. £13.16 +.
As mentioned in the update:
“Did you know that investing in a more sustainable way can reduce your carbon footprint more than switching to a renewable electricity tariff, going veggie and stopping flying combined? And the traditional financial institutions we trust with our savings are continuing to pump money into the fossil fuel industry?
That’s why the firm claims that it created GreenGrowth, which is described “an investments app that lets users invest in underlying sustainable funds across a range of impactful environmental themes like clean energy and sustainable agriculture.”
The company explains that they do this in “an incredibly engaging way, that we haven’t seen anywhere else.”
After measuring a user’s carbon footprint, they “invest them into corresponding environmentally-themed funds, weighting them more heavily into the areas they are most polluting.”
Users can also self-select “which environmental themes they feel most strongly about and invest in those too, giving a fully customizable sustainable investing experience.”
While sharing its monetization strategy, the firm noted:
“We will charge our users a 0.6% per annum management fee for investments made and held with us in the app. The fee will be pro-rated and charged to the user on a monthly basis to ensure regular cash flow.”
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