Share this article
Galaxy Digital Leads $30 Million Funding for Social-Crypto Startup Good Money
Good Money, a crypto banking platform, raised $30 million for future development work.
By Nikhilesh De
Updated Sep 13, 2021, 8:39 a.m. Published Dec 10, 2018, 6:00 p.m.
Digital banking platform Good Money just raised $30 million in a Series A funding round to continue developing its app.
Led by Michael Novogratz's Galaxy Digital (via its Galaxy EOS VC Fund), participants in the funding round included Breyer Capital, Blocktower Capital, Boost VC, Ken Howery, BlockChange Ventures, Cross Culture Capital, Troy Carter, Mitch Kapor, Peter Diamandis Blake Mycoskie and Justin Rosenstein, among others.
STORY CONTINUES BELOW
Don't miss another story.Subscribe to the Crypto Daybook Americas Newsletter today. See all newsletters
The startup aims to act as a bank through which every customer owns some amount of equity, with incentives baked in for those who install the app, refer friends and set up direct deposits.
As part of its traditional banking services, Good Money says it will offer free ATMs nationwide, no overdraft fees, low consumer loan rates and a 2 percent Federal Deposit Insurance Corporation Savings rate. The company intends to release its full app sometime in 2019.
The platform works through its app, a mobile digital wallet with a number of other features. Users can also direct 50 percent of the startup's profits to their charity or philanthropic project of choice.
Good Money founder and CEO Gunnar Lovelace said in a statement that his firm seeks to take on traditional banking practices, which "is a primary driver" of a number of issues including institutional racism, environmental destruction and political corruption.
"We founded Good Money to help consumers take their money out of a system that’s both destroying the planet and extracting wealth from the most vulnerable and put it into a new system focused solely on benefiting people and planet," he added.
Piggy bank image via Shutterstock
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
Bitcoin Faces Japan Rate Hike: Debunking The Yen Carry Trade Unwind Alarms, Real Risk Elsewhere
Speculators maintain net bullish positions in the yen, limiting scope for sudden JPY strength and mass carry unwind.
What to know:
- Impending BOJ rate hike largely priced in; Japanese bond yields near multi-decade highs.
- Speculators maintain net bullish positions in the yen, limiting scope for sudden yen strength.
- BOJ tightening may contribute to sustained upward pressure on global yields, impacting risk sentiment.
Top Stories
