Remagine exits stealth on the back of $24m seed raise

German financing platform Remagine has exited stealth on the back of a $24m seed round and already has 20 clients.

Its backers include former Global Head of Google Payment Jonathan Weiner and former COO of Venmo Michael Vaughn, TechCrunch reported, adding that most of the cash injection consists largely of debt financing.

The Berlin-based startup has created a financing platform offering banking services to high-growth companies impact-led businesses.

Over the next few months the company is expecting to roll out its services across Germany, with further European expansions to come further down the line.

“We believe capital and technology can be forces for good,” said Sebastian Dienst, co-CEO of Remagine, in a statement seen by TechCrunch. “When used together, they can be powerful tools that help shape the future. The challenge now is to shape it in a way that aligns people and planet with profit. We believe that every business – big and small – can be more sustainable and impactful. Remagine has been created to help them achieve this.”

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