Keewe raises €1.25 million from angel investors in France.

Keewe, a Paris, France-based building a neobank based on ecological transitions through cashbacks to their customers, announced completing a €1.25 million ($1.4 million) angel investment round.

The money was raised from local cangel investors in France, including Guillaume Amblard (ex-BNP Paribas), Jérôme Camblain (Smart Lenders Asset Management), Yann Samuelides (ex-Goldman Sachs), Alexandre Ichaï (Ava Capital) and the Business Angels of Arts et Métiers (AMBA).

Keewe, founded in 2020 by Jean-Yves Rettel, Adrien Farras, Alexandre Torbay, and Vincent Voisin, is building a neobank aiming to reduce its customers’ carbon footprint by leveraging foreign exchange transactions. Its value proposition includes lower commissions paid on the management of their foreign currency payments, combined with cashback in carbon credits for each currency exchange transaction, which represents up to 25% of the margin made by Keewe.

The company says it works with 80 companies and helped offset 4,000 tons of CO2 vis €15 million exchanged since going live in 2021.