About Good Money
Good Money provides banking services that prioritize environmental and social justice. It offers checking accounts, debit cards, and a rewards program, with a commitment to invest 50% of its profits into positive initiatives rather than harmful industries. A key feature is its partnership with Rainforest Trust, where each transaction contributes to protecting the Amazon rainforest, saving trees and wildlife. Good Money also ensures a fee-free banking experience and allows customers to earn equity in the company through its rewards program. This focus on ethical investments and customer ownership distinguishes Good Money from traditional banks, aiming to create a positive impact while maintaining profitability.
San Francisco, CaliforniaHeadquarters
2018Year Founded
$29.2MTotal Funding
SERIES_ACompany Stage
Fintech, Social Impact, Financial ServicesIndustries
11-50Employees
Risks
Competition from other eco-friendly banks like Aspiration and Ando is increasing.
Potential greenwashing backlash could harm Good Money's reputation.
Profitability challenges due to high commitment to social and environmental causes.
Differentiation
Good Money invests 50% of profits in environmental and social causes.
Partnership with Rainforest Trust enhances its eco-friendly banking appeal.
Customers earn equity in Good Money through its unique rewards program.
Upsides
Rising consumer interest in sustainable finance boosts Good Money's market potential.
Digital-only banks are capturing significant market share, benefiting Good Money.
Fee-free banking trend aligns with Good Money's offerings, attracting more customers.
Funding
Total raised$29.18 M
Latest valuation$150.00 M
StageSERIES_A