Question 1

What is Tomorrow?

Accepted Answer

Tomorrow is a sustainable digital banking provider based in Germany that combines modern mobile banking with environmental and social responsibility. Founded as a social business, Tomorrow operates as a fintech company offering current accounts through a partnership with Solaris SE, a fully licensed German bank.

With over 125,000 customers, Tomorrow distinguishes itself by ensuring that customer deposits are invested exclusively in sustainable projects such as renewable energy, organic agriculture, and microfinance initiatives. The company has invested approximately €140 million in sustainable projects through customer account deposits and operates its own reforestation program in South Africa.

Question 2

When was Tomorrow founded?

Accepted Answer

Tomorrow was founded in 2018 by three entrepreneurs: Inas Nureldin, Michael Schweikart, and Jakob Berndt. Originally operating under the name Goodfolio GmbH in 2017, the founders initially planned to create a sustainable investment fund.

However, they pivoted to mobile banking when they realized that creating a sustainable fund would be too complex as an initial offering. They chose to start with a current account as the foundational financial product. The company announced its partnership with Solarisbank in spring 2018, conducted beta testing with 300 customers in summer 2018, and officially launched its first current account in March 2019.

Question 3

Where is Tomorrow headquartered?

Accepted Answer

Tomorrow is headquartered in Hamburg, Germany, at Neuer Pferdemarkt 23, 20359 Hamburg. Hamburg has a long tradition as a financial center in Germany, home to historic institutions like Berenberg Bank and Commerzbank.

The company employs approximately 100 people at its Hamburg headquarters. Tomorrow operates in collaboration with its banking partner Solaris SE, which is based in Berlin and provides the regulated banking infrastructure.

Question 4

Where does Tomorrow operate?

Accepted Answer

Tomorrow operates throughout Germany, serving customers across all German states. The company primarily serves individual retail customers (Privatkunden) who can open accounts digitally from anywhere in Germany.

As a mobile-first banking provider, Tomorrow's services are accessible nationwide through its smartphone app, available for both Android and iOS devices. Customers can open accounts without visiting a physical branch, requiring only a German address and valid identification.

Question 5

What services does Tomorrow offer?

Accepted Answer

Tomorrow offers three tiers of sustainable current accounts (Girokonten) with varying features and monthly fees. The Tomorrow Now account starts at €0 per month for customers under 21 or those with monthly receipts of €500 or more.

The Tomorrow Change account (€7 per month) includes joint account options, five free ATM withdrawals per month, customizable card designs, and up to five sub-accounts (Pockets). The Tomorrow Zero premium account (€15 per month) features unlimited free ATM withdrawals globally, unlimited sub-accounts, automatic CO₂ offsetting (11.3 tons annually), and a unique wooden Visa debit card made from sustainably grown Austrian cherry wood.

All accounts include free Visa debit cards, real-time payment notifications, contactless payments, integration with Google Pay and Apple Pay, transfers and standing orders, and automatic transaction categorization. Tomorrow also offers savings accounts with competitive interest rates (promotional rates up to 2.5% p.a. for the first 90 days on balances up to €50,000), overdraft facilities, and investment brokerage services through its partnership with lemon.markets.

Digital features include the Tomorrow mobile app with real-time notifications, CO₂ footprint tracking for purchases, expense categorization and budgeting tools, and sub-accounts (Pockets) for financial organization. In 2022, Tomorrow launched the Tomorrow Better Future Stocks investment fund, aligned with the Paris Climate Agreement, though this service is currently paused as of November 2024.

Question 6

What makes Tomorrow unique?

Accepted Answer

Tomorrow is Germany's first banking provider to combine fully mobile banking with comprehensive sustainability commitments. Every card payment automatically contributes to climate protection projects, with a portion of interchange fees funding ecosystem restoration in South Africa. The company has already invested over €2 million in a reforestation project planting spekboom (bacon trees) to create ecosystems and local jobs.

Tomorrow maintains over 100 investment criteria based on the UN Sustainable Development Goals, explicitly excluding investments in weapons, nuclear power, coal energy, and factory farming. Customer deposits finance only sustainable projects including renewable energy, green bonds, affordable housing, and microfinance initiatives.

The company is a certified B Corporation, demonstrating verified social and environmental performance, and ranked second in the Fair Finance Guide 2024 with a 96% sustainability score. Tomorrow achieved profitability for the first time in 2024 (EBITDA and net income level) and has raised over €50 million through financing rounds and crowdinvesting campaigns.

With more than 10,000 crowdinvestors and over €14 million raised in three crowdinvesting rounds, Tomorrow has built the largest crowdinvesting community in Germany. The company offers transparent sustainability reporting, allowing customers to track their environmental impact in real-time through the app.

Question 7

What type of financial institution is Tomorrow?

Accepted Answer

Tomorrow is a Neobank (digital bank or fintech company) that operates without its own banking license. The company is registered as Tomorrow GmbH, a technology and financial services company based in Hamburg.

Tomorrow partners with Solaris SE (formerly Solarisbank), a fully licensed German bank regulated by the German Federal Financial Supervisory Authority (BaFin) and the European Central Bank, to provide all banking services. This banking-as-a-service (BaaS) model allows Tomorrow to offer regulated financial products while focusing on technology, customer experience, and sustainability.

In this arrangement, Solaris SE provides the banking infrastructure, core banking system, and regulatory compliance, while Tomorrow operates the mobile app, provides customer service, and manages sustainable investment criteria. Customer deposits are protected up to €100,000 per customer through the German Deposit Guarantee Scheme (Einlagensicherungsfonds), as Solaris SE is a member of the deposit protection fund of the Association of German Banks.

Tomorrow also operates as a tied agent (Vertragsvermittler) under Section 3 Paragraph 2 of the German Securities Institutions Act (WpIG), offering investment brokerage services on behalf of lemon.markets brokerage GmbH, registered with BaFin.

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About Tomorrow in Germany