Business banking start-up GoDutch launches in the Netherlands

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.