Hamburg-based fintech Tomorrow has raised €5 million in a new funding round led by current investors Abacon Capital, ETF Partners, and Kopa Ventures, along with newcomer IFB Innovationsstarter. As part of this round, several investors converted convertible loans worth tens of millions of euros, reinforcing their commitment to Tomorrow’s growth and sustainability mission.
Since June 2024, Tomorrow has reached monthly profitability, hitting both EBITDA and net income targets—a milestone for the company despite a challenging economic environment for startups. Co-founder and co-CEO Michael Schweikart highlighted the significance of this achievement, noting the company’s ability to secure funding and maintain profitability even in tough market conditions.
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Strategic Investment to Drive Expansion
The newly secured funds will be directed toward growing the company’s customer base and enhancing its product offerings, including the launch of a new interest rate product. In line with its mission to make sustainable banking accessible, Tomorrow also introduced a flexible fee structure for its “Now” account, allowing customers to choose their monthly payment starting at €0, a move designed to encourage a broader audience to engage with sustainable finance.
About Tomorrow
Founded in 2018 by Inas Nureldin, Michael Schweikart, and Jakob Berndt, the german startup aims to drive positive change through finance by focusing on environmental and social impact. Serving over 100,000 customers and backed by more than 10,000 crowd investors, Tomorrow is now Europe’s largest crowd-supported company offering sustainable financial products, including current accounts and investment funds aligned with the Paris Climate Agreement.
Through a partnership with Solaris SE, a fully licensed European bank, the firm offers banking services while avoiding investments in sectors like coal and factory farming. Instead, it prioritizes projects supporting the United Nations’ Sustainable Development Goals, continuing its mission to create a banking model centered on sustainability and transparency.
