Keewe raises funds to put finance at the service of the ecological transition of SMEs

Article written by Alexandre Torbay
May 6, 2022

The fintech enables SMEs to commit to the ecological transition through their foreign exchange transactions. Since April 2021, it has opened accounts for nearly 80 companies and offset 4,000 tonnes of CO2 thanks to 15 million EUR exchanged.  

The funds raised from Business Angels will enable the company to strengthen its sales teams and its offering in support of the ecological transition.  

Banking platform that places the ecological transition at the heart of its business

A strong appetite among SMEs for a banking platform that places the ecological transition at the heart of its business.  

While pressure is mounting on SMEs to make the transition to a greener future, they don't know how to go about it.

A significant part of their carbon footprint comes from international trade operations (production abroad + transport).

These international operations often involve transactions in foreign currencies, and forex (foreign exchange) activities are often poorly understood by these SMEs, which suffer from a lack of transparency and excessively high charges from their banking partners.  

Founded by 4 partners (Jean-Yves Rettel, Adrien Farras, Alexandre Torbay and Vincent Voisin), all former employees of BNP Paribas, Western Union and CapGemini, Keewe addresses these two issues.  

Keewe benefits

With Keewe, customers benefit from a dual value proposition:

  1. they simplify and reduce the commissions paid on the management of their foreign currency payments, and
  2. benefit from a carbon credit cashback on each currency exchange transaction, representing up to 25% of Keewe's margin.

Keewe has just closed a €1.25 million seed round with Business Angels including Guillaume Amblard, historical investor (BA at Ledger, Lendable...) and former Head of Trading and Quantitative Research at BNP Paribas, Jérôme Camblain, Partner at Smart Lenders Asset Management, Yann Samuelides, ex Partner at Goldman Sachs, Alexandre Ichaï (Ava Capital) and the Business Angels of Arts et Métiers (AMBA).  

Thanks to this fund-raising, Keewe will be able to strengthen its sales teams and develop other offers for SMEs, to simplify and automate their actions in favor of the fight against global warming.

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