- GoDutch Launch:
- Amsterdam-based business banking start-up GoDutch launched this week.
- Aims to redefine “fair banking” by sharing up to 70% of its income with users and supporting climate and social impact initiatives.
- Commitment and Features:
- Committed to fair financial redistribution and achieving climate-positive status within two years.
- Offers free business accounts with a Dutch IBAN and virtual card.
- Additional benefits are available through tiered subscription packages.
- Partnership and Security:
- Partnered with French banking platform Swan for high safety standards.
- Funds held in segregated accounts by one of Europe’s safest banks, protected by the European Deposit Guarantee Scheme.
- Account Capabilities:
- Instant SEPA transfers and transactions in over 20 currencies at mid-market rates.
- Regreens a five-square-metre plot of land in Kenya’s savannah for every active business account each month.
- Allows businesses to donate profits to curated charities.
- Founder’s Vision:
- Founder Thomas Vles criticizes traditional banks for disproportionate profits and charges.
- Emphasizes fair distribution of income from financial services, benefiting customers, society, and the planet.
- Future Plans:
- Plans to launch API links with core partners soon.
- Bulk credit initiation with XML is to be introduced within three months.
- Integration of Dutch online payment method iDEAL within six months.
![Business banking start-up GoDutch launches in the Netherlands Business banking start-up GoDutch launches in the Netherlands](https://www.fintechinshorts.com/wp-content/uploads/2024/06/pexels-fauxels-3182826-1068x712.jpg)
Business banking start-up GoDutch launches in the Netherlands
Hot this week
Blogs
Banking as a Service: Meaning, Examples, Benefits and Future
The push for open banking has led to a...
Blogs
Best fintech blogs and websites
Fintech (financial technology) has been an interesting part of...
Blogs
Is it worth investing in life insurance over 60?
Is it worth investing in life insurance over 60?
As...
Topics
Banking
Morgan Stanley buys stake in UK business payments start-up Sokin
Key Points:Acquisition Details:Morgan Stanley has acquired a...
Banking
New wealthtech start-up Waltz launches US real estate investment platform
Key Points:Launch Objective:Enable foreign investors to invest...
Banking
HSBC India partners with Open Financial Technologies to launch FinConnect for business clients
Key Points:Partnership Objective:Simplify payment processes for HSBC's...
Banking
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Key Points:Objective:Ensure "reasonable access" to cash deposit...
Banking
Social trading app Shares set to exit UK market
Key Points:Market Exit:Shares is set to exit...
Banking
UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million
Key Points:Acquisition Agreement:UniCredit has signed a binding...
Banking
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
Summary of Diamond Trust Bank (DTB) and Network International...
Banking
Rabobank taps Zafin to upgrade pricing, billing and invoicing capabilities
Key Points:Partnership Announcement:Rabobank has partnered with Zafin,...