Cham ZG – PayGreen initiates a round of prefinancing. The Zug-based start-up has developed a payment method in which the amount of the fees depends on sustainability criteria. Around 1.5 million francs are to be collected by February 5.
PayGreen has launched a pre-funding round. The Zug-based start-up has developed a payment solution in which the amount of the payment transaction fee is determined by sustainability criteria. In order to be able to further expand the solution, 1.47 million Swiss francs are to be collected by February 5, PayGreen informs in a statement.
Interested parties can join from a minimum investment of CHF 525. In return, they receive 50 shares in PayGreen at a value of CHF 10.50 each. Investments of more than CHF 150,000 per donor must be agreed with the company. As always with startups, the investments are high-risk capital, PayGreen clarifies. This risk should be kept as low as possible by collecting many small amounts for the individual investors.
The solution developed by PayGreen does not involve the buyer compensating financially for emissions that have already occurred. Rather, PayGreen ensures that the provider reduces its emissions in advance, the statement said. Next Generations members are invited to participate in the pre-funding round there. “If many of us use PayGreen, the payment system will take off,” PayGreen writes. The young company has also recently joined the Next Generations network, which is committed to a grandchild-friendly economy. hs
