Hamburg-based neobank Tomorrow receives almost 5 million euros from existing investors, including Abacon Capital, ETF Partners and kopa ventures. IFB Innovationsstarter GmbH is participating in the fintech for the first time. Existing investors are also part of the financing round by converting existing convertible loans totalling a double-digit million euro amount. These include Porsche Ventures, Rolf Schroemgens, Aenu, Haltra, some of the Signavio founders and, once again, Abacon Capital.
New account model and profitability at Tomorrow
The company, which was launched in 2018, will use the new capital for growth measures and the expansion of products and features, including an interest rate product. It was just on 17 October that Tomorrow introduced flexible account management fees from 0 euros on for the ‘Now’ account model. In line with the ‘pay what you want’ principle, customers can decide for themselves how much they are ready to pay each month for account management. In this way, Tomorrow aims to lower the barrier to accessing sustainable banking and offers customers fair and flexible pricing.
The company, which specialises in sustainable banking, had a crucial watershed moment in June 2024 when it was profitable at EBITDA and net income level for the first time. Tomorrow was also able to continue its profitability in the following months of July to September.
