Luxembourg fintech Moniflo, an investing platform, has announced a €3m fundraising round from existing shareholders.

“This capital is testament to the unwavering support and belief in our vision to make people’s money meaningful,” says , founder and CEO ( of the “fintech entrepreneur” award at the Finance Awards 2023). “It means not only an infusion of funds, but an endorsement of Moniflo’s mission to make values-based investing a cornerstone of the financial landscape. We are excited about the opportunities ahead as we expand our reach and empower individuals to invest with purpose.”

Moniflo has obtained an investment company licence from Luxembourg’s financial regulator, the CSSF, and will launch its application nationwide within weeks, in Germany at the end of February, and in other markets later this year.

Investing based on SDG targets

The funding will also go towards developing the fintech’s app, which enables investments to be made according to the user’s “values.” To do this it uses Clarity AI, an artificial intelligence system that measures over 60 metrics linked to 52 sustainable development goals (SDGs). You can prioritise the SDGs of your choice and, if you wish, exclude certain sectors of activity.

“Sustainable finance plays a key role in promoting a more sustainable economy and advancing the achievement of the United Nations Sustainable Development Goals,” says Martin Vogel, investor and board member of Moniflo. “By integrating environmental, social and governance criteria into investment decisions, we can direct capital towards initiatives that not only generate financial returns, but also contribute positively to societal and environmental wellbeing. Our platform for values-based investment helps to democratise access to sustainable finance, making it inclusive and transparent. We remain committed to our goal and look forward to taking the next steps on this journey.”

This article in Paperjam. It has been translated and edited for Delano.