Berlin’s Remagine secures $24M to finance high-growth and impact-led startups

Berlin’s Remagine secures $24M to finance high-growth and impact-led startups

3 years ago
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https://techcrunch.com/2021/01/25/berlins-remagine-secures-24m-to-finance-high-growth-and-impact-led-startups/

Remagine, a financing platform offering banking services to high-growth companies with an ‘impact’ twist, has raised €20 million ($24M) in a Seed funding round. The Berlin-based startup has been operating in stealth mode, but already has 20 clients under its former brand name ‘Get Conscious Growth’. Its backers include former Global Head of Google Payment Jonathan Weiner and former COO of Venmo Michael Vaughn. Remagine’s lead investor is unmade but Techcrunch understands it comprises largely of debt financing.

The fintech will specialize in offering revenue-based financing for high-growth and impact-led businesses, which tends to be more founder-friendly than equity or debt products, allowing them to quickly secure funding while staying in control of their business. Remagine will rollout business accounts in the coming months from its base in Germany, and plans to expand across Europe.