Tomorrow secures new financing round

Fintech Tomorrow has achieved profitability on a monthly basis for the first time and secures 5 million euros in fresh capital for further growth

Hamburg, October 2024 - Hamburg-based fintech startup Tomorrow has closed a new financing round of almost 5 million euros. At the same time, the sustainable fintech achieved profitability on a monthly basis for the first time in June 2024. With the fresh capital and the successful conversion of convertible loans, Tomorrow plans to further drive its growth and expand its product range.

5 million euros from new and existing investors

Tomorrow has successfully raised almost 5 million euros from existing investors such as Abacon Capital, ETF Partners and kopa ventures. IFB Innovationsstarter GmbH has also invested in the company for the first time. In addition, existing convertible loans in the double-digit million euro range from investors such as Porsche Ventures, Rolf Schroemgens, Aenu and others were converted into equity. This significantly strengthens Tomorrow's financing base.

Profitability achieved: a milestone for Tomorrow

Since June 2024, Tomorrow has been able to report positive results on a monthly basis for the first time, both at EBITDA and net income level. This development continued in the months of July to September. "This is an important milestone in the company's history," explained Michael Schweikart, Co-Founder and Co-CEO of Tomorrow. "In a challenging market environment that has hit many start-ups hard, we were able to operate profitably on a monthly basis for the first time and secure a significant financing round."

Expansion of the product portfolio and new account management fees

Tomorrow will use the fresh capital to drive customer growth and develop new products and features. On October 17, the company introduced flexible account management fees from 0 euros for the "Now" account model. Based on the "Pay What You Want" principle, customers can decide for themselves how much they want to pay for account management. This innovative pricing structure is designed to make sustainable banking more accessible while ensuring fair and transparent conditions.