Berlin-based insha raises €2.5 million for European expansion
Charlotte Tucker reports for EU-startups that insha, the “account with principles”, has announced a seed financing round of €2.5 million, led by Turkish payment service provider Param. insha will use the money for European expansion, further develop its ethical banking product and strengthen the team at its headquarters in Berlin and Istanbul.
Founded in 2018, insha offers users a digital account that doesn’t contradict their moral values. The app helps users achieve their savings goals, offers complete control over all expenditures and a banking approach that is exclusively linked to the real economy.
The fintech follows the principles of sustainable banking, with a guarantee that deposits are not reinvested in morally questionable companies.