Digital Banking Platform Good Money Secures Funds from Its First Round of Financing
The unique and creative banking idea from Good Money an online platform has helped the founders get $30 million in funds from well-established firms. Good Money is the first digital banking platform that will disrupt the banking industry in a good way by providing value-based banking services to its clients.
To raise the funds Good Money sourced the services of Galaxy Digital a leading blockchain oriented merchant bank which operates Galaxy EOS VC Fund platform. Through its connections and networking, Good Money was able to tap directly into eagerly awaiting investors looking for projects. Besides that Good Money is led by one of the best Gunnar Lovelace an entrepreneur who has a good track record. With his efforts combined with Galaxy EOS VC Fund platform, Good Money secured investments from Justin Rosenstein, Blake Mycoskie, Peter Diamandis, Mitch Kapor, Troy Carter, Cross Culture Ventures, Blockchange Ventures, Ken Howery, Boost VC, Blocktower Capital, Breyer Capital, among other investors.
Features of Good Money Platform
With its unique idea also comes unique features tailor-made for its customers. First and foremost at Good Money clients will get the lowest consumer loan rates and there will be no overdraft fees for account holders. Besides that ATMs will be free nationally and FDIC insured savings accounts will generate a 2% yield for FDIC account holders.
Further on in a bid to help democratize the creation of wealth and access to ownership Good Money will give equity to every customer who opens an account at their platform. And the goodies don’t stop their account holders have other opportunities of getting more equity in three ways. First through referrals, secondly through direct deposit and lastly through installing the app.
Besides all the above Good Money has pledged 50% of its profits to be channeled to projects in the renewable energy sector, environmental stewardship, social and economic inequity sector. In addition to supporting projects in the mentioned sector, Good Money has pledged a similar percentage of its profits to charitable organizations across the globe.
Above all Good Money is striving to achieve its goal by taking a different approach through its valued based platform. Through its unique features, account holders are bound to get more revenue unlike in the traditional banking system. Although the platform will go live fully come next year, Good Money will release its waitlist of customers who will receive equity for securing their spots in advance in January 2019.