Grünfin launches in Germany

With its investment platform, Grünfin wants to enable investors to invest their money sustainably without spending time. Now the offering is also launching in Germany.

The German-Estonian start-up Grünfin has launched its investment platform in Germany. The fintech aims to provide investors with easy access to sustainable investments by compiling a portfolio depending on the investment focus (climate protection, health and equality). An analysis team selects the ETFs for the respective portfolios.

The start-up was founded in 2020, has a European license as an investment company and has so far raised two million euros in investor funds. Founders Karin Nemec and Triin Hertmann bring expertise from the finance and technology sectors: Nemec, who works out of Frankfurt, spent eight years in various positions at Swedbank, while Estonian Hertmann worked for Skype and TransferWise.

Karin Nemec explained to the online magazine. Paymentandbankingwhat criteria the fintech uses to select funds for investors' portfolios: "We prefer funds that have set Impact as their goal. In addition, we look at profits from 'green' versus so-called 'brown' sources, for example; CO₂ emissions in relation to sales, the proportion of women on management and supervisory boards, or existing violations of the UN Global Compact are also used in the evaluation."

Customers can invest up to 1,000 euros free of charge, after which there are monthly costs of 3.90 euros. If the portfolio generates more profit than expected in the long term, Grünfin receives a 15 percent share of the additional earnings.

Grünfin's offer is aimed primarily at women who want to invest their money in sustainable ETFs. With the offer, Grünfin also wants to close the pension gap between men and women.