Good Money raises $30 mln
Summary
Good Money, of Los Angeles, is an online lender that offer two percent FDIC savings accounts, free ATMs nationally, no-overdraft fees and low consumer loan rates.Users may earn additional equity by doing things like installing the app, setting up a direct deposit or referring friends, in a revolutionary effort to democratize access to ownership and wealth creation.Additionally, Good Money users will direct 50% of the platform’s profits to impact projects focused on social and economic inequality, environmental stewardship and renewable energy.Good Money is led by world-class founders who have built billion dollar companies, with marketing experience and relationships that can bring tens-of-millions of users into the ecosystem quickly,” said Sam Englebardt, Co-Founder and Co-Head of Principal Investments, Galaxy Digital.As we scale Good Money over the next 10 years, we will empower consumers to realize they should own the businesses they buy from as an evolutionary step in improving capitalism by leveling the economic playing field.”