Remagine, the founder-friendly finance platform for businesses ready to imagine a better future, today announces that it has secured €20 million in seed investment. The funds will be used to accelerate its product development and expand its team, to create a financial platform that supports and rewards businesses for being more impactful.
The Berlin-based fintech has already provided over 20 revenue-based financings to startups, while operating in stealth mode. Among the diverse investor portfolio are renowned international fintech business angels such as former Global Head of Google Payment Jonathan Weiner and former COO of Venmo Michael Vaughan.
Remagine was founded in 2019 by Julia M. Profeta Johansson and Sebastian Dienst, both serial founders and impact investing experts. Guided by the belief that every business can be more sustainable and impactful without compromising growth, Remagine provides a financial platform tailored to founders, which helps them to accelerate their positive social and environmental impact. It also eases the transition to a more responsible and sustainable world through its own operations – for example, Remagine has committed to a number of impact-driven initiatives, per account opening, financing and card transactions made. Additionally, the startup has pledged to contribute 10% of its profits to impact causes.
“We believe capital and technology can be forces for good. When used together, they can be powerful tools that help shape the future. The challenge now is to shape it in a way that aligns people and planet with profit,” said Sebastian Dienst, co-founder and co-CEO. “We believe that every business – big and small – can be more sustainable and impactful. Remagine has been created to help them achieve this.”
Julia Profeta Johansson, co-founder and co-CEO, added, “Having already provided financing to numerous companies, the funds raised will allow us to support many more startups towards more impact. With the upcoming launch of our accounts and cards, we’re excited to continue to grow the team, invest further in our products, and help create a world where money and business are forces for good.”
Jonathan Weiner, former Head of Google Payment and investor commented, “Sustainability and impact have become increasingly relevant for businesses over the past decade and today, research shows that nearly four-fifths of CEOs are planning to align their business strategy with social and environmental goals. While startups continue to disrupt new verticals practically daily, we’re really starting to understand how the technologies they introduce have the power to guide us in a better direction. Remagine’s mission and business model enables founders to consider both their bottom line and their impact. This is the future of financing and we’re delighted to be a part of it.”
Remagine’s tailored products will provide best-in-class services that truly serve the needs of its customers, such as Team cards, Multi-IBAN payments, Analytics, Zero negative interest, and Free accounts.