Nuno is the CEO and co-founder of Goparity, an impactfinance platform that allows people and companies to invest in the UN’sSustainable Development Goals (SDGs), with +50M€ lent to projects in 20countries worldwide.
Environmental engineer by training he is aninnovation, sustainability and community power enthusiast. Before becoming a dedicated entrepreneur, he worked inthe European Parliament (Belgium) as an advisor for energy and environmentalpolicy, in innovation consulting and funding (Spain) and as a project managerfor large renewable energy projects in Portugal.
He was also the founder of Coopérnico (Portugal’s first and biggest renewable energy cooperative) and he’s served as a boardmember for organizations such as RESCOOP, ANJE and Eurocrowd.
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Nuno Brito Jorge
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Three years ago I published an article in a Portuguese newspaper called Welcome to the future we created. I wrote it in March when it was snowing, but the forecast for the following weekend was 27ºC, and the public water fountains in Barcelona had been sealed because of the drought.
Decades of ignoring scientific-based warning have led us to where we are, and it doesn’t look like it will get better anytime soon. Neither climate nor policy wise.
The consecutive years of “the hottest summer ever” in the news have not been enough to foster global action: the Economy always prevailed, as if one thing could exist without the other, and the “record breaking” speech carries a feeling we have reached some sort of peak that won’t easily be reached again.
Catarina Barreiros, a Portuguese sustainability content creator and entrepreneur, put it in an ironic manner: “Don’t always see the glass half empty, think of it as the coolest summer of the coming years.”.
Science says we are about to reach a new tipping point from which there is no return: when system alterations are so significant that self-reinforcing feedback loops start to drive unstoppable major changes on their own. It starts with climate, impacts nature, disrupts society and ultimately erodes the economic system decision-makers were trying to protect in the first place.
A beautiful image from Esferico that shows there are alternatives ways of doing business. Esferico is a promoter who works with soil carbon sequestration and land restoration.
In recent years, most extreme forecasts, such as droughts, forest fires, and floods, have become reality. Because of the urgency, adaptation is now the main priority, but crisis solving, as opposed to prevention, poses the risk of excluding the most vulnerable.
Barcelona built its own climate shelter network - climatized, accessible and free interior spaces such as public libraries or community centres - and many other cities are following. In Sweden, there are new regulations on indoor temperature in the work environment, public buildings, or elderly homes. And if we look at other cities in different parts of the world - like Medellin, Linz or Istanbul - they have turned to planting trees to mitigate rising temperatures. New York has just announced it will do the same.
Regeneration is also growing as part of the solution since it’s no longer enough to use less than the planet can generate. We need to recover degraded environments. But can we meet our production and lifestyle needs while fostering nature’s recovery? I believe so, and on this topic, I saw two hope-filling documentaries worth watching: Groundswell and Kiss the Ground.
Where we decide to put our money is not apart from all of this, and as Antonio Miguel, founder of Maze, often puts it, “Impact is the greatest investment opportunity of our time”. That’s because climate isn’t the only problem our money can solve. Every euro invested is also a choice about the social, economic and environmental future we want to build. This quarter, we saw once again what that money, moved with intention, can achieve.
Highlights of the quarter
Focusing now on the positive, the last quarter gave us plenty to be proud of, and a few signs of where Goparity is heading next:
A community that shows up fast - six campaigns this quarter were fully funded in under 24 hours. Behind each of those numbers is a promoter ready to make a difference, and a community that keeps proving it wants to see positive change without hesitation. It is one of the clearest signs we have that trust in this mission keeps growing.
The impact behind the operation - every project funded this quarter adds up. Across 11 projects, our community helped avoid more than 1800tonnes of CO2, generate over 4800 MWh of clean energy, and support progress across 12 of the UN's Sustainable Development Goals. It's a reminder that this diversity, of sectors, of goals, of people involved, is exactly the point.
A new look and a new home page - our new website shows how we keep progressing and rethinking the way we communicate to better reflect who we are, why we’re here and where we're going. You will find the same logo, same values, same mission, but the voice, the look and the way we tell our story needed to catch up. All the images used are real photographs of projects we've financed together. Goparity is becoming a platform where you can find every way to invest sustainably.
Bolsa Social integration is in motion - integrating Bolsa Social in Goparity has reached an important milestone. After the acquisition, we ran three equity campaigns that mobilised over 365.500€, backed by more than 100 investors. Bolsa Social has now closed registrations for new users and will not open further campaigns of its own, with all new investment opportunities, in loans and equity alike, now concentrated on the Goparity platform.
It's a well earned recognition for a mission that's been running for over a decade: making relevant, up to date tech skills accessible in a fast-changing job market. Since 2025 alone, Code for All has trained more than 5.000 professionals in AI and supported over 60 companies in building those skills internally.
A great reminder of the kind of impact that keeps growing quietly, project by project, long after the initial investment. Code for All has funded 500.000€ throught Goparity in 4 successful campaigns: Code for All, Code for All II, Code for All III, and Code for All IV.
Congratulations to the whole team. 🎉
What's coming up
Very soon, you can expect a campaign from Cooperativa Agraria Sangareni, a smallholder coffee cooperative in the Peruvian Andes. Founded to serve farming families along the Ene river basin, it brings together 379 families across six communities, growing organic speciality Arabica coffee. A third of its members are women, who manage their own Fairtrade organic volumes. The funds raised will finance the purchase of green coffee during the 2026 harvest season, ensuring smallholder families in the Peruvian Andes receive prompt, fair payment for their harvest.
The campaign will offer a 6-month maturity with a 9,95% yearly interest rate. More details soon.
As you may know, Bolsa Social had a history of equity investment, including successful exits, which we'll build on with Goparity by launching equity investments on the platform, alongside a new edition of the Impact Angels Club.
Goparity's Impact Angels Club, starting to operate in Q1 2027, is a private investor club making equity investments in early stage startups with high growth potential and impact well embedded in their business model, meaning companies that generate societal and environmental benefits as they grow.
We're not starting from scratch. This will be the second edition of the club, building on Bolsa Social's Impact Angels Club, one of the most distinctive initiatives in Spain's impact investing space, gathering some of the country's leading angel investors and much loved startups.
Over four years, the club made 11 investments, including companies like CoCircular, Recovo, Orygen, Leemons, Banbu, Showee, Robopedics, MiniTales, Visualfy and Naria.
It is a 30k€ commitment, spread across 4 years in 4 capital calls, with quarterly demo days to get to know and vote on pre screened investment opportunities.
Members get priority access to impactful investment opportunities, quarterly investment committee meetings (virtual or in person), network events, webinars, and one yearly gathering.
The last edition had 40 participants and was oversubscribed. This time, it will be limited to the first 100 members. It's important to mention that those who were part of the previous edition will be given priority in the new club, and the first confirmations have started to come in.
If you're interested in learning more, please fill out the form below and I'll schedule a meeting with you.
When I was younger, I used to DJ, mostly electronic music, and I still listen to it a lot. Here’s a song I’ve been playing lately: The Adventurer by French 79. It caught my attention for the lyrics and stayed for the bass: "It’s time to see the bigger game. We need to kick those bloody self-absorbed thoughts to the curb. It’s time to stop thinkin’ just about ourselves and start givin’ a toss about others."
As always, feel free to reach out to our team if you have any comments or questions.
We measured Goparity's loan portfolio since the creation of the company: it has delivered an average annual return of 8,71% to investors. That figure accounts for every euro invested, every repayment of principal and interest received, and the value of the loans outstanding at the end of December 2025, deducting the losses.
To test how solid that number is, we ran two deliberately pessimistic scenarios:
a) If 30% of the loans currently flagged as at-risk were never repaid, the return would ease to 7,60% per year.
b) Even in the extreme case where every single at-risk loan was written off completely - something the guarantees behind these loans make virtually impossible - the portfolio would still have returned 4,86% per year.
In other words, the returns hold up well even when we assume the worst, without mentioning the impact achieved.
Don’t just take our word for it
Pedro Andersson, a well-known Portuguese journalist and author specialising in personal finance, creator of the Contas-poupança project, invested 1.000€ in Goparity, in another P2P platform and in Portuguese state savings certificates. Every month, he reports transparently on the results.
You probably don’t know this about me, but one of my first post-university jobs was at the European Parliament. After a short experience in certification and inspection when I graduated, I was lucky enough to meet someone (surfing, because that’s how life goes) who offered me an unpaid internship in the European Parliament in Brussels. I knew nothing about politics, but it was a technical assistance role abroad, so I took it.
When I was about to finish that internship, nearly broke and unemployed, presidential elections took place in Portugal. The new president hired staff from the European Parliament, and I was invited to stay.
In the European Parliament, I followed the Environment, Research & Industry and Energy commissions. For two more years I lived inside the European project, had colleagues from more than 25 different countries, and learned from important politicians, scientists, debates, NGOs and industry representatives. I supported decision making in several important policies, including the “20-20-20” package, a flagship initiative that reinforced Europe’s political leadership in renewables and climate.
This picture I saw recently in a LinkedIn post reminded me of those days in the mid-2000s. Every piece of energy policy discussed included words like “secure”, “competitive” and “energy independence” alongside others like “clean”, “decentralised” and “affordable”. This green paper is where it all started (for me, of course).
As much as critiques contested and lobbyists rallied against it, the European Commission always had it very clear: yes, it is possible, and we should push for the best of two worlds (actually three): energy can be clean, secure and affordable.
20 years later, renewables, especially solar and wind, keep steadily “shocking” the energy markets with low electricity production costs all over the world and solar achieved grid-parity almost all over Europe during the 2010s.
At Goparity, our community has been part of this shift. Nearly half of all projects on our platform fall under the Sustainable Energy category, representing over 20,7 million euros lent.
Together, we estimate that all the projects we funded generate 36.4GWh per year. Considering only the 150 settled loans we actually measured, their confirmed real-world impact already is 6,7 GWh generated or saved, and 14.000 tonnes of CO₂ avoided per year (equivalent to planting more than 600.000 trees).
These are numbers we could only have dreamed of seeing from citizen-led finance back in Brussels, those days.
Highlights of the quarter
🌱 Stronger impact methodology: we worked with the UNDP Alternative Finance Lab to improve our impact framework, refining categories, aligning with the SDGs, and strengthening how we measure and communicate impact.
👥 Bring a friend (or more): we launched a renewed referral programme. Share your link, and if your friend invests 20€, you both get 20€ more to invest. Like the 20-20-20 policy back in Brussels.
🤝 Equity investing: following the acquisition of Bolsa Social, we launched our first equity campaigns in Spain under the "Bolsa Social by Goparity" brand. The next one will be live on Goparity directly.
♀️FemTech Portugal partnership: we signed a partnership with FemTech Portugal to open the underfunded women's health innovation projects to our community, reflecting a longer-term commitment to gender equity in finance, which I first wrote about in 2023.
🇲🇾 First project in Southeast Asia, with a first-loss guarantee: two milestones in one campaign.
Aquila is Goparity's first project in Malaysia, financing 58 rooftop solar systems for Malaysian households, generating 696 MWh of clean energy per year and avoiding 538 tonnes of CO₂ annually. Aquila helps small and medium-sized businesses across Southeast Asia access clean energy funding, and this campaign specifically enables Malaysian families to install rooftop solar with no upfront cost.
For the first time, a Goparity campaign comes with a first-loss guarantee. Energy4Impact, powered by Mercy Corps, has activated a 60,000€ first-loss guarantee, meaning that in the event of any capital loss, 20% of your loan amount is covered, on top of Aquila's existing security package.
A first-loss guarantee has been one of the most requested features by our community. Structures like this help unlock private capital for communities where financing is the main barrier to clean energy adoption. This is exactly the kind of problem we want to tackle.
Impact Report 2025
One question has always been at the heart of what we do: does this actually work? Not in the abstract, in real, measurable terms. Our Impact Reports are our most honest attempt to answer that and I'm proud to say the 2025 edition is now live.
This year, we set out to make the link between capital and impact more explicit: how much does each euro you invest actually change? We gathered data across all funded projects, linked it to measurable indicators, and translated it into concrete, comparable numbers. The result is a report that reflects not just what we've built, but what your investment contributes to.
I hope it brings to life what your money is really building.
🌊 Sea4Pain's clinical trial application for their analgesic program has been approved. This is a major scientific milestone for Sea4Us.
🌿 Valcon Medical has strengthened its EU-GMP manufacturing capabilities and established a partnership with a major European pharmaceutical company. It has also already created 3 of the 10 jobs it committed to when taking out the loan.
🫔 Artisan Tropic's new food-grade processing facility and integrated production equipment are on track to be completed by the end of 2026 or early 2027.
🏗 Vila Sustainable School: full recovery achieved.
I've written about credit recovery many times in these newsletters, and I'll keep doing so because transparency on this is non-negotiable. This one is worth celebrating.
After the first three loans (I, II, III) to Vila Sustainable School entered default during the first quarter of 2025, our team initiated formal recovery proceedings to enforce the property collateral that backed them.
On the 27th April, the sale of the property was completed, and on the 6th of May the full capital and interest have been transferred to investors' wallets.
This is one of the most important recovery outcomes in Goparity's history and it reflects a few things I frequently talk about:
The importance of real collateral backing secured projects;
The value of diligent, persistent legal work;
The importance of patience: recovery and negotiation take time, involve third-parties and very often courts which work at their own pace.
And there is an important positive note for impact, too: the school will continue to operate, only the building changed owner.
Coming up
🎨 Brand Update: You'll soon notice that Goparity sounds and looks a little different. Not a rebrand, an evolution. And you won't find a single AI-generated image in it. The projects our community funded over the years tell the story better than anything a machine could generate.
🖥️ New website:🎨 A new website is on its way too. We've built it to reflect how far the platform has come and to make room for what's coming next: a broader range of sustainable investment options, all in one place.
🤝 First equity campaign: The Goparity community will be able to invest in equity directly on Goparity. A milestone we have been working towards for a long time, and one that opens a new chapter in what impact investing can mean on this platform.
Behind the scenes: the team working on what's next for Goparity.
📺 We were on TV
We were featured in an episode of Inteligência Portuguesa on 11 May. You can catch the episode, which is in Portuguese:
Part of what makes Goparity different is who we grow with! And that includes the companies we can now support all the way through their journey, from early-stage ambition to scaled impact.
🎵 Music note: Lately I’ve been listening to “She’s a rainbow” by the Rolling Stones a lot. A song that could be about a girl or love, but also about spring and bringing color to an otherwise grey world. Spring always feels like an opportunity, or the setup for something good or big. That’s what it feels like at Goparity nowadays.
If you believe in what we’re building at Goparity, please share your experience here. Your feedback not only helps us improve, but also helps more people discover impact investing.
This time I’m addressing you from a very small beach town in Northern Perú.
Earlier this month, I was invited to Lima by the Swiss Entrepreneurship Program, Swiss Contact, and the Universidad de Piura (UDEP) to wrap up a collaboration during which I helped them support local cleantech startups and learn about the Peruvian entrepreneurial ecosystem. There, I discovered a very active impact community, from non-profits to investment funds, startups and accelerators. And as a result, I’m bringing back a bag full of opportunities to share with you this year.
But here, hundreds of kilometres from Lima, the picture is very different. As I look above my laptop, I can count at least 17 oil rigs in the ocean in front of me. The inland is full of oil wells, too. The sun even sets behind one of those, on top of a small hill, a vision I never thought I would consider beautiful.
That beauty comes with a hard contrast. Oil is still at the centre of the local economy here, yet the benefits don’t always translate into better living conditions for the people who call this place home. The town relies mostly on tourism, surf, and the services around them.
Yet people seem happy, and there’s a strong sense of community here. Life moves at a different pace and, for me, being several hours behind Europe makes afternoons a surprisingly good window to get work done.
That change of rhythm also invites you to be present and think clearly. I have used a lot of that headspace to reflect on Goparity and to consolidate what we learnt over the last year. In this letter, I want to share the strategic pillars guiding us through 2026.
Before I move on, I want to preface by saying that our thoughts at Goparity are with those affected by the unfortunate events of the beginning of the year: the railway accidents in Spain, the extreme weather in Portugal, the New Year’s Eve tragedy in the Alps, and, of course, the many conflicts (recent and past) in different parts of the world.
All-in on diversification
Diversification should be the cornerstone of every investment strategy, the guiding principle. It is the safest way to ensure you get a decent return on your investments, especially if you keep investing consistently and compound (reinvesting the interest you earn and the principal you get paid back).
When you don’t diversify, you’re relying on a single outcome. And that’s a risky place to be. So, before sending this email, I decided to dig deeper and share some real figures. I asked our Dev team to randomly pick 3 investors with at least 5.000€ invested, 20+ projects, and a habit of reinvesting their repayments (principal, or principal plus interest). Here’s what we found out:
These real-life examples of well-diversified investment portfolios - earning interest, paying tax on income and with a few loans in arrears - are achieving solid returns on their investments while generating a very significant impact in companies that want to do things the best way.
This is how we’ll promote diversification to our community:
We’ll make diversification the default by encouraging investment strategies instead of one-off investments.
We’ll launch our first projects in Southeast Asia, adding timely geographic diversification given today’s geopolitical context.
We’ll share richer portfolio insights, as - with diversification - we expect investors’ portfolios to progressively resemble our overall portfolio.
Take your first step towards diversification: activate auto investment. Set your criteria based on your preferences, and we’ll place investments on your behalf as new projects go live. You can still cancel investments up to 4 days after they are made. Learn more here.
Did you know that at Goparity, we also invest in all the projects we launch? We don’t invest as a company – it’s not allowed by our regulation – but we do individually with auto-investment. It’s the only way to avoid conflict of interest and the best way to diversify.
The sustainable investment “one-stop-shop”: equity investments are coming
When we launched Goparity we set out to change how money is used: helping anyone earn a decent return, while funding positive impact. That vision always went beyond loans, but we chose to consolidate that model first.
With the acquisition of La Bolsa Social, we’ve welcomed 12.000+ new investors and gained the licence to offer equity investments.
One year ago, I asked our community what we should build next: Equity ranked in the top three - so now it’s time to get it done.
Equity is different from debt. You’re buying shares in a company, and returns, if they come, usually take longer. They typically come through an acquisition (the company or your shares being bought), an IPO (the company being listed on a stock market), or dividends (profits distributed to shareholders). It also carries a higher risk, including the possibility of losing part or all your investment.
Please note the image is merely an example and does not feature a real company or investment opportunity.
When you invest in equity, you’re investing in the founders, the team, the market they operate in, and in their capacity to deliver the plan they’re proposing.
We’re committed to bringing you exciting, impact driven opportunities, supported by the needed information to make well informed decisions. You’ll often be investing alongside professional investors in companies with impact embedded in their business model.
About the past months
There’s been a few ups and downs to the end of 2025 and the start of 2026 that I want to transparently share with you, as usual.
Recent authentication issues
In January and February, some investors experienced technical issues related to the rollout of Strong Customer Authentication (SCA), required under PSD2, the European payments Directive. This caused understandable frustration and, in some cases, took longer to resolve than expected. We’ve been working hard on this and staying closely engaged with Mangopay, our payment service provider, to push for a swift resolution for the remaining cases.
Supporting promoters impacted by the storms in Portugal
Af few of our promoters in Portugal were hit hard by the recent storms. We’ve been working closely with each of them to ease pressure in the short term by introducing temporary capital grace periods when needed and suspending late payment penalties until public support or insurance payments come through.
Happy place to work
At Goparity, we have always cared for having HR policies that are coherent with the type of organisation we are. We chose to apply for the HappyAtWork® certification that is based exclusively on the opinions of the people working in a company and achieved the Platinum rating, the highest possible result. Still, as with any other certification process, we've identified improvement opportunities, and we’ll continue addressing them.
Technical issues from our update
Following last week’s scheduled maintenance to strengthen our server capacity and prepare the platform for future growth, we experienced some disruptions and we sincerely apologise for the inconvenience this has caused. Our development team has been working continuously to identify and resolve these problems as quickly as possible. Thank you for your patience, understanding, and continued trust in Goparity.
Coming up
♻️ More circular economy: New investment opportunity: Candam - a Barcelona-based company redefining what recycling can look like in modern cities.
📲 Equity: We are launching equity investment on the platform, giving our community access to long-term value creation alongside impact-driven companies.
🌏 New geographies: First project in Southeast Asia, marking a new chapter in our international growth strategy and expanding our global impact footprint.
📊 Impact Framework revision: We are advancing toward an independent review of our Impact Framework, reinforcing our commitment to transparency, measurable outcomes, and accountability in how we assess and communicate impact.
📖 Impact Report: Work has officially begun on our Impact Report, where we will share detailed insights into our social, environmental, and financial performance, highlighting the real outcomes generated by our community.
🤝 Special campaign: We’re preparing a renewed referral program with updated rewards for those who bring new members to our community.
🙋♂️ The question
Equity investments will be live on Goparity soon. Before we launch, I’d love to hear from you: Have you invested in equity before? And what would you like to understand better before doing so with Goparity? In which sectors would you prefer to invest in equity - Cleantech, Climatetech, Femtech, Biotech, or Social Impact? Your answers will shape our first equity webinar with our Head of Equity, Marta Abbad.
👉 Help us shape our equity webinar Answer here (multiple choice)
If you believe in what we’re building at Goparity, please share your experience. Your feedback not only helps us improve, but also helps more people discover impact investing.
If this isn’t your first Christmas as a Goparity user, you’ll know my personal relationship with this time of year tends to fluctuate.
Sometimes the Christmas spirit catches me early; other years, it turns up late, or threatens not to turn up at all. There was even one year when I made it my mission to avoid hearing “All I Want for Christmas” until 25 December.
This year, it was still November when I first heard that Mariah Carey song. It didn’t exactly make the Christmas spirit arrive any sooner. Now I’ve put on my Indie Christmas playlist to write this letter.
2025 has been a heavy year for those who want a more sustainable planet, for those who want peace, and for those who want to be with friends and family without tension or arguments.
That’s also why I’m spending less time on social media. Because I can tell it doesn’t do me any good, that it brings a bit, but very little, good to the world and distracts us from what’s real, from what we’re living through in the world around us.
It makes me feel a bit hypocritical, and I often stop to think about how we can grow Goparity’s investor community outside social media. The key, I believe, is right there in the word “community”.
Making sure that the people and organisations who use our services are genuinely satisfied, whether they’re investors or project owners, is the best way we can grow beyond social media.
If we look to friends’ recommendations when we want to renovate our home, buy a good bottle of wine, visit a city, or choose a route in the mountains, we can do the same when it comes to putting part of our investments to work financing organisations that want to do things properly.
If you’d like to spread the word, consider our Goparity gift cards as an option for your Christmas presents.
🎁 Give a present that backs a better future
Our gift cards remain one of the simplest and most thoughtful ways to share impact.
Four reasons to choose this gift:
Available in all amounts and for every budget, starting from €10
A small carbon footprint, but a significant positive impact
A gift that grows, with an annual return of 4% to 10%
In my last email, I asked our community which organisations we should support, and Rewilding Europe was one of the suggestions.
Rewilding Europe is a non-profit organisation dedicated to bringing biodiversity back to our continent, restoring ecosystems so wildlife can thrive again. But their work goes beyond nature conservation; it’s also a way of protecting people.
When we restore nature, we reduce the risks of droughts, floods and wildfires. And when the environment is healthier, communities face fewer crises and become more resilient.
For every Goparity gift card given this month, we’ll donate 1€ to Rewilding Europe.
How to buy Goparity gift cards
Option A: Buy with MB WAY or Multibanco
Go to the purchase page and pay with MB WAY or Multibanco.
Option B: Buy using your wallet balance
In your profile, go to the Gift Cards section and pay using your wallet balance (you can top up your wallet if needed).
After that, it’s always the same:
Enter the name(s) of the recipient(s) and the amount you’d like to give.
Write a personal message.
Make the payment.
Receive the gift cards in your email, or download them straight away.
Gift cards can be used for two years across all sustainable investments available on Goparity.
Terms and conditions:
The value of the gift card will be automatically added to the recipient’s profile when they sign up via the relevant link or redeem the code through their profile.
The value of the gift card can only be used to invest on the platform.
The recipient doesn’t need to add any additional amount to use the gift card.
In the coming days, when work allows (which usually happens between Christmas and New Year), I’ll revisit the highs and lows of 2025, write down the lessons learnt (to make sure they stick), and set my intentions for 2026. I’ll save the reflection for my first letter of 2026.
Until then, we’ll keep working to close out the year strongly, with more great projects and good news for our community.
Give better, not more.
As usual, I’ll finish with a reminder of a few simple ways to reduce impact without losing meaning:
Make your own gifts at home, reusing materials and adding a personal touch;
Choose second-hand items, made easy by the digital platforms that enable it, supporting the circular economy while finding unique pieces;
Take inspiration from projects and makers who value responsible practices and offer experiences, like some of the brands financed through Goparity.
Gifts like these don’t just avoid waste; they also create stories that are worth more than any last-minute purchase.
Merry Christmas, and my wish is that in 2026, we can show up, regain hope, and consistently finance the world we want to live in.
I’m writing to you in a moment of great enthusiasm and deep commitment to our mission, hopping between Barcelona and Madrid. We’re working on a few projects I’m really eager to share but can’t just yet. You’ll understand why very soon!
Lately, I’ve been having several conversations with different people (and with myself) about hope. Can we still find it? How do we keep it (or nurture it) in this world we live in?
It always brings me back to the places I turn to when I need strength.
I don’t want to bring up Xavier Rudd in all my letters (by now you must think I’m some groupie; maybe I am!), but I often find real insight in his lyrics. I also learned he’s facing a severe illness, so he deserves the tribute. One of his latest songs, “Morning Birds,” is precisely about this: finding hope in an unfair world. He concludes, “All that we can do is try and send out love, even when it hits a stone.” Another song, “We Deserve to Dream,” reminds us: “All that we can do is be the best that we can be.”
I like to think every single one of us leads by example and has the power to influence those around us. That’s how I teach my children the importance of buying second-hand, recycling, and taking public transport, even when they don’t see others doing so. It’s about believing in the power of individual actions as much as the power of the collective.
We’ve just had our team offsite in the beautiful town of Tavira, in southern Portugal, where we explored how hope becomes empowerment.
This amazing team of does and believers is a real hope booster for me.
🎆 Highlights of Q3 2025
Oceano Fresco is back at Goparity, now innovating in offshore oyster production. During our team offsite, we visited their open sea facilities and saw what "money for good" can do: power innovation, create jobs, and drive sustainable growth.
July was our highest investment month ever: more than 1,5 M€ were invested through the platform.
Cumulative amount lent through Goparity:
👏 We reached a big milestone: 150 projects settled. These loans returned 19,3 M€ to investors, with an average annual return of 5.4%, while avoiding ~14,8 kt CO₂ per year, reaching 82,790 people, and creating 4,617 jobs.
We launched and closed our biggest campaign ever, SeaForPain by Sea4Us, a biotechnology company transforming marine compounds into innovative therapies for unmet medical needs.
Our impact team developed a new policy combining positive and negative screening to make our impact assessment more objective. We’ll publish it on our website very soon.
Our team is growing in size and seniority: Margarida joined the product team in UX/UI, and Mariana and Francisco now lead the marketing and investment teams, respectively.
We made steady progress on recoveries and settlements. We recovered 37 payments in arrears across 12 projects, restructured 3 loans, and detected 2 potential delays early. Several delayed projects are now fully settled, with funds returned to investors. We will keep things careful and transparent, with guarantees and timely updates at the heart of our approach. Soon, our Operations team will introduce a newsletter covering our portfolio performance, dedicated to investors.
📝 What to expect in the coming months
Many new projects are on the line to be launched in the coming months, and with the support of our community, we might have the most impactful months ever:
Just launched: Fibratech International, focused on bringing water and water treatment to remote areas of Colombia.
Also just launched: Flomics Biotech, accelerating early cancer detection through a simple blood test.
We’ll be fighting ocean traffic pollution from space.
🇵🇹 Our largest ever campaign to fund solar energy for self-consumption in Portugal.
🇪🇸 Our presence in Spain will grow strongly, across projects and the community.
There’s a new part of the globe opening up to Goparity’s investments.
🎄 Our Christmas gift cards are back: more impactful than ever
Two years ago, we donated 1€ per gift card sold to MSF, with advice from my friend Gustavo Carona. Last year, we donated toan NGO supporting recovery from the DANA floods in Valencia.This year, I would love to hear from you. Please suggest an organisation to receive this year’s donation. There is so much need right now...
To show the impact of our past donations, here are messages we received from them:
“With your donation, we can vaccinate 661 children against measles, a disease considered eradicated in Europe but still potentially deadly for thousands of children around the world.” Cristiana Rodrigues, Head of Funding, MSF Portugal
“Your support helps rebuild essential infrastructure and activities for the populations affected by the flooding in Valencia, while strengthening the unity and resilience of our communities.” Carla Borrás, Fundació Horta Sud
🎤 Where you will find us
🇵🇹 Web Summit (Lisbon): Goparity will attend as part of a Banco Português de Fomento (BPF) initiative, represented by our COO, Rita Oliveira. Our showcase slot is on 11 November, from 9:00 am to 1:30 pm.
🇪🇸 Genera (International Energy and Environment Fair, IFEMA Madrid, 18 to 20 November): We will speak in the Self-consumption Journey panel on 18 November from 11:00 am to 2:00 pm and host a conversation about Alternative Financing on 20 November from 10:30 am to 11:15 am. Our team will be there with a stand to meet organisations looking for sustainable financing.
🙋♂️ The question
As always, I’ll wrap up with a question for the community. As our team grows, we can bring more and better projects to the platform. To make sure they fit your criteria and interests, we’d like to know which factors you value most when deciding where to invest.
Diversification is the best way to mitigate risk and build a profitable portfolio.
Activate auto-investment to build a resilient portfolio and ensure you never miss out on exciting new investment opportunities.
🎵 Music note
This letter, at least a good part of it, was written while listening to Carla Collado. She is an up-and-coming Catalan singer-songwriter whom I was lucky to see in a small, intimate concert in Barcelona two weeks ago. Her lyrics are openly activist, and her songs are beautifully melodic. ‘Me han robado la primavera’ is one of my favourites
If you believe in what we’re building at Goparity, please share your experience. Your feedback not only helps us improve, but also helps more people discover impact investing.
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