Sustainable banker Ando pulls in $6m seed financing

Sustainable banking service Ando has raised $6m from a seed funding round led by TTV Capital.

The round also saw participation from HOF Capital, Kinetic Ventures and NNS Group.

Launched in January this year, California-based Ando uses customer deposits to financially back solar initiatives and a range of other carbon-reducing projects.

Users of the service have a suite of banking features ranging from FDIC protection, friend referral bonuses, security, free overdraft protection and the ability to get paid up to two days early.

The company connects the deposits of its customers to sustainable projects by teaming with local banks and credit unions, who together and financially backing thousands of sustainable loans to businesses and homeowners across the US.

According to Ando, it intends to use the recently raised capital to expand its operations and widen its business reach.

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