Tomorrow raises eight million euros

The fintech from Hamburg wants to be more sustainable than its competitors. To this end, it has now once again raised money from private investors.

Fintech Tomorrow has raised a total of eight million euros from private investors. The money came together within 24 hours and comes from a total of more than 6,400 people. According to the startup, the average investment amount was €1,250. This is the second time Tomorrow has closed a financing round via so-called crowdinvesting.

Unlike the purchase of shares, however, the private investors do not receive shares that can be traded on a stock exchange, for example. Instead, they receive digital securities that are issued via the investment platform Wiwin. According to Tomorrow, these securities will carry a five percent interest rate. Should the start-up ever be sold or go public, investors will also receive a stake, the Hamburg-based company promises.

The company, founded in 2018 by Inas Nureldin, Jakob Berndt and Michael Schweikart, had already raised money from the crowd in the past. In doing so, they are following an increasingly popular trend to raise funding. At the time, Tomorrow had received three million euros from around 2,000 investors.