Fintech
Climate fintech ekko obtains funding of 2.5 million dollars
UK-based climate fintech ok raised a $2.5 million funding round led by Fuel-related initiatives enhance its ability to bring sustainability to financial services.
Having secured numerous successful partnerships, including fintechs Volt, Primis and Stubben Edge, as well as the introduction of the Planet Saver account in collaboration with Akoni Hub and BLME, this funding round highlights ekko’s progress in the climate technology sector.
How will the new capital be used?
ekko will use this new investment to drive innovation as it continues its mission to leverage financial technology to achieve significant, positive climate impact at scale and break down barriers to more sustainable lifestyles. In this context, ekko will bring industry experts to support international expansion and product development.
Moving into the next phase of growth, the ekko team’s focus is on faster paths for banks, fintechs and payment service providers to better serve and empower their customers, while achieving their climate and environmental goals. By incorporating sustainability into financial products, individuals and businesses can start to make an immediate impact.
Promote climate action through impactful partnerships
ekko supports a variety of impact partners through its fintech model. Working with organizations including Gold Standard, Conservation International, Tusk and Prevented Ocean Plastic, ekko supports carbon offsetting, reforestation and conservation projects and prevents plastic from entering our oceans. By choosing to raise this money now, ekko is committing to its mission to act now on climate, turning words into action, while remaining commercially strong.
Through investment from pre-seed and seed venture capital firm Fuel Ventures, ekko joins a formidable portfolio of emerging technology companies. Together with the support of Mishcon de Reya and Sorven Partners, this demonstrates the growing market demand for climate technology and ekko is ideally placed to capture this demand and capitalize on the market growth.
ekko officials said this fundraiser is a recognition of the potential of their business and the resonance of their mission. ekko is a very scalable company and they are looking forward to seeing the broader influence this increase will have on their product growth and impact partners as well. The time to act on the current climate situation is now. With this increase, they aim to be the market disruptor and enable banks, fintechs and payments providers to enable their customers to have a tangible and meaningful impact on our world.