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Godutch Banking

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GoDutch Company Research Report



Company Overview



  • Name: GoDutch BV

  • Mission: We ensure transparency by openly disclosing how much we earn from our users. We redistribute all income, giving a fair share back to our users, the community, and the planet, all while delivering an exceptional banking experience for our users.

  • Vision: Establishing a balanced relationship between people, planet, and profit. Our objective is to ensure that earnings from all financial services are fairly distributed, paving the way for socially and environmentally positive banking.

  • Founded: May 29, 2024

  • Founder: Thomas Vles

  • Key People: Thomas Vles (Founder), Marie-Claire van Hessen (PR & Communications)

  • Headquarters: No information is available.

  • Number of Employees: Approximately 7

  • Revenue: No information is available.

  • Known For: Fair business banking solutions, transparency in earnings, and significant income redistribution up to 70%, climate and socially positive banking.


Products



GoDutch offers a variety of business banking solutions designed for small businesses, freelancers, foundations, and associations. Below is an explanation of each product along with their key features:

1. Forever Free Account


  • Description: A free business banking account that gives back 10% of all income to the customer.

  • Key Features:

  • Free Dutch IBAN

  • Free virtual card on the phone

  • All essential banking features

  • 24/7 phone support

  • No monthly costs


2. Tulip Plan


  • Price: €12 / month

  • Description: An enhanced version of the Forever Free account that returns 30% of income to customers.

  • Key Features:

  • Everything in Forever Free +

  • Free recycled plastic card

  • 5 extra virtual IBANs

  • Access to a bookkeeper or accountant

  • Increased income share


3. Bicycle Plan


  • Price: €29 / month

  • Description: This plan is designed for small teams and returns 50% of income to customers.

  • Key Features:

  • Everything in Tulip +

  • 10 team members with virtual cards

  • 5 free recycled plastic cards

  • Unlimited extra accounts

  • Higher reward return


4. Windmill Plan


  • Price: €49 / month

  • Description: Comprehensive solution for larger teams or businesses, with a 70% income return.

  • Key Features:

  • Everything in Bicycle +

  • 50 team members with virtual cards

  • EURO direct debit support

  • SEPA bulk transaction upload

  • Maximized income return


Recent Developments



1. Launch of GoDutch


  • Date: May 29, 2024

  • Details: GoDutch officially launched its banking services on May 29, 2024, with a clear mission to redistribute banking income fairly and contribute to both social and environmental well-being.


2. Significant Initial Growth


  • Details: Within just a few days of launch, GoDutch successfully opened 300 accounts, surpassing their initial optimistic expectations.


3. Collaboration with Swan


  • Details: GoDutch uses the bank license of the French financial services provider Swan to facilitate its operations, ensuring high safety standards and protection of funds under the EU's Deposit Guarantee Scheme.


4. Innovative Income Sharing Model


  • Details: GoDutch introduces an unprecedented model in which up to 70% of the bank’s income from each customer is returned to them, depending on the chosen plan.


5. Environmental and Social Impact Initiatives


  • Details:

  • For every account, GoDutch regreens 5m² of African savannah every month.

  • Collaborates with charitable organizations to allow users to donate their earnings to social and sustainable projects.


6. Security and Regulation


  • Details: Funds are securely held in segregated accounts by one of Europe's safest banks. The EU's Deposit Guarantee Schemes Directive applies to protect funds deposited in the account up to €100,000.


7. Product Enhancements


  • Details:

  • Continuous improvements based on customer feedback with updates released twice daily.

  • Planned future features include support for iDeal payments, payment links and QR codes, and international payments.


Contact Information



  • Phone: +31 20 80 88 020 (Available 24/7)

  • Email: support@godutch.com

  • Press Inquiries: Marie-Claire van Hessen (PR & Communications) at press@godutch.com or +31 6 41 21 39 08


Conclusion


GoDutch is redefining business banking with its focus on transparency, significant return of bank income to users, and commitment to social and environmental causes. The company aims to set a new standard in the industry by turning business banking into a gainful activity for its users, in direct contrast to traditional banking models.