Ando Money
- Company typePrivate
- Founded2019
- HeadquartersSan Diego, United States
- Headcount11–50
- GTM typeB2C
- OfferingServices
Ando Money firmographics
Firmographics- Name
- Ando Money
- Website
- https://andomoney.com
- Company type
- Private
- Founded year
- 2019
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Ownership category
- akta.pro rank
Ando Money industry classification
Industry- Product category
- Sustainable Banking
- NAICS
- Savings Institutions and Other Depository Credit Intermediation (522180)
- SIC
- Finance Services (6199)
- akta.pro primary industry
- Green/Climate Development Banks & Funds (FSABAKAH)
- akta.pro secondary industry
- Environmental & Resource Efficiency Funds (Water, Waste, Recycling, Efficiency) (FSANAEAE)
Keywords
Where Ando Money is headquartered
LocationHeadquarters
- HQ city
- San Diego
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Ando Money business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Technology or R&D, Operations, Marketing or Sales
Revenue model
- Banking deposit intermediation: Ando collects customer deposits and deploys them as funding for environmentally friendly projects including solar initiatives and carbon-reducing activities. The company generates revenue through the spread between deposit interest paid to customers and returns earned from funded sustainable projects, facilitated through partnerships with local banks across the United States.
Go-to-market motion1 record
Distribution channels1 record
Ando Money product offering
Product offeringCore offering
Ando Money offers a sustainable banking service that accepts customer deposits and directs them to fund environmentally friendly projects, including solar initiatives and carbon-reducing activities. The company partners with local banks across the United States to facilitate these investments, earning revenue on the spread between deposit interest and returns from funded projects.
Differentiator
Problem solved
Functional benefit
Products and services
- Ando
Companies that use Ando Money
Customer profileSegments1 record
Ideal customer profiles1 record
Ando Money technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Ando Money partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Local banks across the United StatescoreAndo partners with local banks across the United States to facilitate investments in environmentally friendly projects. These banking partners enable Ando to deploy customer deposits into sustainable projects including solar initiatives and carbon-reducing activities.
Scale indicators1 record
Ando Money competitors and assessment
Company assessmentDirect peers
- Aspiration: Aspiration is a US digital bank offering sustainability- and climate-focused deposit and spending products. It is the closest direct competitor to Ando, targeting the same environmentally conscious consumer with deposit-funded impact claims.
- Atmos Financial: Atmos is a US climate-focused neobank that allocates deposits toward carbon-reducing projects and atmospheric carbon removal. It is a near-clone of Ando's model — consumer deposits routed to vetted environmental projects — and the most direct comparable in the space.
Broad incumbents
- Current: Current is a US digital banking platform offering deposit accounts, payments, and partner-bank-distributed banking services. Comparable to Ando on the digital-banking-as-a-service infrastructure and partner-bank distribution model, though it does not specialize in climate.
- Chime: Chime is one of the largest US digital banks, operating a partner-bank-based deposit and payments model. Comparable to Ando on the bank-partnership distribution architecture, though Chime operates at vastly greater scale and without the climate specialization.
- SoFi: SoFi is a large US digital financial services platform with deposit accounts, lending, and investing. It is comparable as a broad incumbent in digital banking competing for the same consumer deposit wallet, though without Ando's narrow climate focus.
Emerging players
- Greenlight: Greenlight is a US fintech offering banking and spending products primarily for families and children. It is comparable on the digital-banking-platform-with-bank-partner model but targets a different customer segment (families/kids vs. climate-conscious adults).
- Stash: Stash is a US investing and banking platform with ESG-themed portfolio options. It overlaps with Ando in serving environmentally conscious consumers seeking impact-aligned financial products, but its core is investing rather than deposit intermediation.
- Greenwood: Greenwood is a US digital banking platform focused on the Black community, operating via partner banks. Comparable to Ando on the digital-banking-with-partner-bank model and the values-led, mission-driven GTM approach, though targeting a different consumer mission.
Others
- Betterment: Betterment is a US automated investing platform with socially responsible portfolio options. It is thematically comparable to Ando in catering to ESG-oriented consumers, but operates in investment management rather than deposit-based banking.
- Wealthfront: Wealthfront is a US automated investing platform offering socially responsible portfolio choices. It overlaps thematically with Ando around ESG/impact investing, but competes for the consumer financial-services wallet rather than the deposit account directly.
Market position
Customer concentration
Ando Money social profiles
Digital presenceAndo Money financial estimates
Financial estimateRevenue estimate
Valuation estimate
Ando Money leadership team
Management profileNumber of profiles
Profiles2 records
Ando Money funding detail
Funding detailFunding overview
Funding rounds1 record
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Ando Money M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Ando Money
What does Ando Money do?
Ando Money offers a sustainable banking service that accepts customer deposits and directs them to fund environmentally friendly projects, including solar initiatives and carbon-reducing activities. The company partners with local banks across the United States to facilitate these investments, earning revenue on the spread between deposit interest and returns from funded projects.
Is Ando Money a public or private company?
Ando Money is a private company. It is classified as venture growth investor backed and is currently operating.
When was Ando Money founded?
Ando Money was founded in 2019. It employs 11 to 50 people.
Where is Ando Money based?
Ando Money is headquartered in San Diego, United States, in the North America region.
How does Ando Money make money?
One revenue line is on record: banking deposit intermediation.
Who are Ando Money's main competitors?
Direct peers on record are Aspiration and Atmos Financial. Broad incumbents are Current, Chime and SoFi. Emerging players are Greenlight, Stash and Greenwood. Others are Betterment and Wealthfront.
Does Ando Money have an API?
No public API is recorded for Ando Money.
What industry is Ando Money in?
Ando Money's product category is Sustainable Banking. Its primary akta.pro industry code is FSABAKAH, Green/Climate Development Banks & Funds, with a secondary code of FSANAEAE, Environmental & Resource Efficiency Funds (Water, Waste, Recycling, Efficiency). Its NAICS code is 522180 and its SIC code is 6199.