Remagine, a financial platform providing banking solutions to rapidly expanding companies with a focus on positive impact, has secured €20 million (equivalent to $24 million) in a Seed funding round. The company, headquartered in Berlin, has been operating discreetly and already serves 20 clients previously under the name ‘Get Conscious Growth’. Notable investors include Jonathan Weiner, former Global Head of Google Payment, and Michael Vaughn, ex-COO of Venmo. While the primary investor in Remagine remains unmade, reports indicate that a significant portion of the funding consists of debt financing.

This fintech company will concentrate on delivering revenue-based financing to high-growth businesses committed to making a positive impact. This type of financing is generally more advantageous for founders compared to traditional equity or debt options, enabling swift access to capital while preserving their control over the company. Remagine is preparing to launch business accounts in Germany in the coming months, with subsequent plans for expansion throughout Europe.

The fintech sector has recently seen a shift from ‘Neo’ or ‘challenger’ banks to a new category: financing platforms. These platforms offer comprehensive banking services alongside additional features specifically designed for emerging businesses. Rho, a New York-based company that recently raised $15 million, serves as another example of this trend.

Remagine distinguishes itself by targeting businesses with a strong commitment to ‘sustainable and impactful’ business models, aiming to generate ‘positive social and environmental impact’. The company itself has pledged to support impact-driven initiatives, committing to allocate 10% of its profits to causes aligned with its values.
 
Founded by Julia M. Profeta Johansson and Sebastian Dienst, co-CEO Dienst stated: “We are convinced that capital and technology can be powerful forces for positive change. When combined effectively, they can be instrumental in shaping the future. Our focus is to guide this evolution in a manner that harmonizes profitability with the well-being of both people and the planet.” He further added, “We believe that all businesses, regardless of size, have the potential to operate more sustainably and make a greater impact. Remagine was created to facilitate this transformation.”
 
Johansson elaborated: “Having already extended financing to a number of companies, this new funding will enable us to support a significantly larger number of startups in their pursuit of positive impact. We are eager to expand our team, further develop our products, and continue to foster a world where finance and business serve as forces for good, particularly with the imminent release of our accounts and cards.”
 
Weiner commented: “Over the past decade, sustainability and impact have become increasingly important considerations for businesses. Current research demonstrates that nearly 80% of CEOs are actively planning to align their business strategies with social and environmental objectives. Remagine’s mission and business model empower founders to prioritize both financial success and positive impact. This represents the future of financing, and we are pleased to be involved.”
 
Remagine’s product suite will encompass Team cards (providing unlimited individual cards for team members to streamline expense tracking); Multi-IBANs; detailed analytics; the absence of negative interest charges; and complimentary accounts. Its competitive landscape includes companies like Finom and Penta, although these primarily cater to small and medium-sized enterprises rather than startups.