Green Got, the French neobank which allows its users to participate in the fight against global warming, has just completed a fundraising of 1.9 million euros. We spoke with Andréa Ganovelli, CEO and co-founder of this startup, with the aim of learning a little more about Green Got’s upcoming projects.
Everything you need to know about Green Got
Who are you ?
Andréa Ganovelli, CEO and co-founder of Green-Got. I created Green-Got with Maud and Fabien, 3 years ago, after starting my career in finance within the Pernod-Ricard group in Dublin then in New York, because I want to be able to do everything possible to protect the planet. Many citizens are ready to act, but they often lack more responsible alternatives that make it possible to sustainably reduce their consumption and therefore their impact.
I am convinced that companies can offer these alternatives and have their role to play alongside public authorities in the fight against global warming and the protection of biodiversity. I am one of those who fight to offer these alternatives.
What does Green Got do?
GreenGotit is a neobank that allows its users to participate in the fight against global warming and the protection of the planet with their money. Today, banks are making numerous promises to stop financing fossil fuels and redirect flows towards the transition. But in reality, they do not act and financing for fossil fuels has increased massively since COP21.
What we are proposing with Green Got is to put an end to all that, with a current account that allows us to redirect consumption towards more sustainable alternatives and to make donations to associations that protect the planet and products. savings to invest in transition companies. All for 6 euros per month. We officially opened in June 2022 and we had the best neobank launch in Europe over the year. We have already exceeded 12,000 active members and we don’t plan to stop there.
Our greatest achievement is above all to have succeeded in bringing together a community of more than 200,000 people who follow us on social networks and participate in the Green Got adventure. She helps us in our big decisions and votes for the associations we support, to prioritize our roadmap or for the different screens of the application. This is our greatest success, we are very happy to have all these people around us who help us to democratize green finance and who demonstrate to the big banks that another form of finance is possible and desirable.
Green Got fundraising
Why did you raise 1.9 million euros?
We raised 1.9 million euros with our community through a crowdfunding campaign which is part of an overall fundraising of 5 million euros. This fundraising allows us to strengthen our teams in all areas, finalize the launch of our investment platform and open Green Got to new European countries.
Why did you choose to raise funds via crowdfunding?
The community fundraising was reserved for our members, it is thanks to them (and our community) that we were able to build and launch Green Got against behemoths who have 1,000 times our budget.
We wanted to go even further and offer them a part of Gree-Got so that they are even more involved and participate in our major strategic decisions in the future. They were able to invest under the same conditions as professional investors, with only €18, which is extremely rare and even unprecedented in this sector. The success went far beyond our wildest ambitions since this fundraising was completed in just 80 minutes.
What will Green Got look like in 5 years?
Our goal is to have the greatest possible positive impact for the planet and its inhabitants.
To do this, we must be as numerous as possible in France, but also throughout Europe and offer as many functionalities and possibilities as possible to direct funds towards the transition. We are also working to obtain Credit Institution status which will allow us to be a real bank, in the same way as SG or BNP. It is a status that will allow us to further multiply our impact by financing or investing directly in transition companies without going through the financial markets.
In 5 years, we see ourselves as the pioneer bank for the transition throughout Europe.
