Goparity, an Impact Finance App, Secures €1,502,116 via Crowdcube

Goparity, an impact finance app empowering citizens and companies “to use their money for good,” has secured 125% (€1,521,419) of its €1,200,000 target from 692 investors at the time of writing via Crowdcube with 16 days left in the firm’s crowdfunding campaign.

Goparity reports a Pre-money valuation of €10,000,000; Equity: 13.06%; a €1.82 share price.

Goparity offers an impact finance app “empowering citizens and companies to use their money for good.” This B Corp, with 20.000+ users from 65 countries, “has tripled its turnover in 2021 to 247k€ (EBITDA -€63.750) and invested 14M€+ so far.”

Having raised 1M€+ up to 2021, they are “raising to expand across Europe and Canada.”

Here are the key highlights:

  • 14M€+ lent by investors from +65 countries (6M€+ in 2021)
  • 178 projects funded in +10 countries across 3 continents.
  • Certified B Corp; 22+ tonnes of CO2 avoided per year; 4,6k jobs created.
  • Over 1,2M€ raised from grants; subsidies, awards and private investors.

Goparity was “created in 2017 with the mission to democratize impact finance and aim to be a leader in transitioning to a greener, fairer & more transparent economy.”

They started as “an impact investing platform where people & companies could lend to projects contributing to the UN’s Sustainable Development Goals and earn interest while generating a positive impact.”

The platform now “includes state-of-the-art features such as a unique IBAN, customized auto-investment strategies, savings plans & impact tracking.”

2021 was “a record-breaking year with 6,5M€ invested on the platform, more than in the three previous years together.”

So far, 14M€+ have been “lent to 178 projects across 10+ countries in Europe, Africa and South America.”

The team has “calculated that these projects help avoid the emission of 22+ tonnes of CO2 every year, generate 9k MWh in clean energy, create 4,6k+ jobs and positively impact 81k+ people.”

A new version of the app is coming & will “include new ways of saving, new investment strategies, IBANs from multiple countries & a B2B offering.”

Their revenue streams “are mainly based on set-up and loan management fees charged to the campaign promoters.”

In 2022, they’ll “introduce 2 new ones: premium accounts & debit cards.”

They have “secured +1,2M€ from grants, awards and private investors, including Mustard Seed Maze & Critical software.” They’re now fundraising “to expand across Europe and Canada.”

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