• Skip to main content
  • Skip to secondary menu
  • Skip to footer

Technologies.org

Technology Trends: Follow the Money

  • Technology Events 2025-2026
  • Sponsored Post
    • Make a Contribution
  • Technology Jobs
  • Technology Markets
  • About
    • GDPR
  • Contact

Good Money, the first digital banking platform to be owned by its customers, Secures $30 Million Series A Financing Round

December 10, 2018 By admin Leave a Comment

Good Money, the first digital banking platform to be owned by its customers, featuring best in class online and peer to peer banking services, announced today they have raised $30 million in Series A funding led by Galaxy Digital via its Galaxy EOS VC Fund with investments from Breyer Capital, Blocktower Capital, Boost VC, Ken Howery, Blockchange Ventures, Cross Culture Capital, Troy Carter, Mitch Kapor, Peter Diamandis, Blake Mycoskie, Justin Rosenstein, and others.

Good Money provides values-based banking services for the 21st century with leading features in the rapidly emerging neo-banking market. These features include FDIC insured savings accounts that will generate a 2% yield, free ATMs nationally, no-overdraft fees and the lowest consumer loan rates in the country to help Americans get out of debt.

In a historic first, every customer will receive equity when they open an account and will become an owner of the banking platform. In a revolutionary effort to democratize access to ownership and wealth creation, users may earn additional equity by installing the app, setting up a direct deposit or referring friends.

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’s founding team has also pledged 50% of their equity to philanthropy and impact. How we bank is one of the most important decisions we can make, yet there is not currently a values-based, customer owned bank in the US that has social and environmental activism woven into its business model.

“The combination of an activist brand with deep direct-to-consumer experience at scale, positions Good Money to be a leader in the historic disruption of the banking industry. We launched Galaxy’s EOS VC fund with our partners at Block.one in order to back exceptional founders who are capable of transforming consumer understanding and adoption of the blockchain. 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.

The company is led by entrepreneur Gunnar Lovelace, who has spent his career building platforms at the intersection of business and social change. Lovelace was most recently Founder and co-CEO of Thrive Market ($180m raised), a direct-to-consumer online grocery store that shook up the trillion dollar grocery market by building a mission driven business that offers organic groceries at the same price of conventional equivalents for the first time.

“We live in a world where consumers pay hundreds of dollars each year to banks for low-quality banking services, where banks return practically zero on deposits but leverage those deposits on a 10x ratio to finance projects that make the world a dirtier, less equitable place while creating no economic benefit for consumers,” said Good Money Founder and CEO, Gunnar Lovelace. “Modern banking is a primary driver of so many issues we face as a society — from economic inequality, institutional racism, environmental destruction to political corruption. We founded Good Money to help consumers take their money out of a system that’s both destroying the planet and extracting wealth from the most vulnerable and put it into a new system focused solely on benefiting people and planet. 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.”

Good Money will launch a waitlist in January 2019 that will reward users with equity for securing their spot in anticipation of the full platform release later in the year.

About Good Money

Good Money (goodmoney.com) is a conscious digital banking platform providing best-in-class banking and financial services, while democratizing ownership to its customers for the first time in history and directing 50% of profits to impact. We’re taking over the financial system and using it for Good.

About the Galaxy EOS VC Fund and The EOS VC Program

The Galaxy EOS VC Fund is a partnership between Galaxy Digital, a leading blockchain focused merchant bank, and Block.one, the software development company that launched the EOSIO protocol. The largest of several such funds under Block.one’s EOS VC banner, the Galaxy EOS Fund invests primarily in companies located in North America that are building on the EOSIO protocol, with the mission to build out the EOSIO ecosystem and drive mass adoption of blockchain technology globally. For more information, please visit: www.galaxydigital.io/eos-fund/ and https://vc.eos.io.

SOURCE Good Money

Related Links
https://goodmoney.com/

Filed Under: Tech

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Footer

Recent Posts

  • Unify Raises $40M to Redefine Go-To-Market with AI Agents That Scale Sales
  • Seagate Unleashes 30TB Hard Drives to Fuel AI Infrastructure at the Edge
  • Firefly Takes Flight: Adobe’s Mobile Expansion Sparks New Growth Horizon
  • SkyDrive’s ¥8.3 Billion Pre-Series D Raise Anchors Japan’s Air Mobility Future
  • HPE and Juniper: A Strategic Fusion at the Core of AI-Native Networking
  • Adobe Inc. Analysis Report: Navigating Uncertainty with Resilience
  • NOS: A New Reactor for American Nuclear Ambition
  • Adobe Introduces LLM Optimizer to Help Brands Navigate the Generative AI Shift
  • Why Visa and Mastercard Stocks Slipped After the Stablecoin News
  • iOS 26: The Most Personal, Intelligent, and Private iPhone Experience Yet

Media Partners

  • Market Analysis
  • Cybersecurity Market
EU Blinks First: Temporary Suspension of Tariff Countermeasures Signals Strategic Caution in U.S. Trade Conflict
AMD Set to Surge: $250 Target Within Reach as AI Momentum Accelerates
China’s Strategic Shift to RISC-V: Market Implications and Growth Prospects
Understanding Transfer Pricing: A Key Component of Multinational Business Operations
A Comprehensive Tour of Project Management Tools and Integration Platforms
Implementing Odoo ERP in a Small Manufacturing Enterprise: Costs and Considerations
Economic Optimism Meets Uncertainty: Blue Chip Indicators Highlight Post-Election Fiscal Concerns and AI’s Looming Impact
The Future of Connectivity: Insights from Ericsson’s November 2024 Mobility Report
Platinum Market Faces Sustained Deficit Amidst Strong Demand and Constrained Supply
Breaking Beijing’s Grip: U.S. and Australia Unite Against China’s Rare Earth Monopoly
SquareX Collaborates with Top Fortune 500 CISOs to Launch The Browser Security Field Manual at Black Hat
CrowdStrike Deepens AWS Partnership to Drive Secure AI Adoption and Innovation
CyberArk Expands Identity Security with Secure Cloud Access and Agent Guard in AWS Marketplace AI Category
CyberBay2025: Forging the Future of Digital Defense, October 13–15 2025, Tampa Marriott Water Street
GitGuardian Launches MCP Server to Bring Secrets Security into Developer Workflows
Stellar Cyber 6.0.0: Ushering in the Human-Augmented Autonomous SOC
MITRE Unveils AADAPT Framework to Safeguard Digital Financial Systems
Cogent Security Emerges from Stealth to Tackle the Fastest-Growing Threat in Cybersecurity with AI-Powered Vulnerability Management
Cyber’s Leading Minds Take the Stage at Black Hat USA 2025
INE Security Launches Enhanced eMAPT Certification

Media Partners

  • Market Research Media
  • Technology Conferences
Adobe Set to Hit $640: AI Growth and Financial Strength Signal Imminent Breakout
The Rise of Headless Content Frameworks in Distributed Media Projects
Developing Web Projects: From Concept to Launch
The Rise of APS-C Cameras: A Professional Renaissance in Photography
Market Brief: Disruption in Spanish Orange Supply Chain and Strategic Response by UK Retailers
Global AI-Powered Movie Scenario Market Analysis 2023-2030: Growth, Trends, and Forecast
Market Research Report: US Government Cybersecurity Market in 2024
Market Research Report: Global Advertising Revenue Projections and Trends in the Entertainment & Media Industry
Social Media: The Rise of Formulaic Content
Netflix’s Creative Decline: The Rise of Formulaic Content
Apple Announces WWDC25, June 9 to 13, 2025
Adobe Summit 2025, March 17-20, Las Vegas
Embedded World 2025, from 11 to 13 March 2025 in Nuremberg
SATELLITE 2025: Uniting the Global Satellite and Space Communities
The milestone 10th edition of Chatbot Summit on March 31 – April 1, 2025, The Ritz-Carlton, Berlin
Snowflake Summit 2025, scheduled for June 2-5, 2025, in San Francisco
The NVIDIA GPU Technology Conference (GTC) 2025 is set to take place from March 17 to 21 at the San Jose McEnery Convention Center in San Jose, California
The Taipei Nangang Exhibition Center is set to host COMPUTEX 2025 from May 20 to May 23
The Mobile World Congress (MWC 2025) will kick off from March 3 to 6 in Barcelona, Spain
IOT Solutions World Congress 2025: Forging the Future of Industrial Innovation

Copyright © 2022 Technologies.org

Media Partners: Market Analysis & Market Research and Exclusive Domains