Fintech
Climate action fintech Deedster secures SEK 50 million investment
Stockholm-based sustainability fintech Deedster has secured a SEK 15 million investment round led by Wellstreet.
Deedster’s SaaS platform offers personalized sustainability data and personalized guidance to help consumers measure, understand and learn clear actions to mitigate their carbon footprint.
Additionally, Deedster’s product helps financial institutions address growing regulatory pressure to combat climate change, including complying with CSRD legislation.
Founded in 2016, the company currently counts 140 companies in more than 50 countries as clients, including SEB, Radicant Bank, Contovista, Swiss Re, AXA and Zurich.
The company says it will use the funds to target larger financial institutions and neobanks across Europe, focusing on the Nordic, DACH and UK markets.
Armando Coppola, partner and fund manager at Wellstreet, says: “Deedster’s technology is set to become a standard for bank customers within a few years. The team has developed an extraordinary product that pushes the boundaries of fintech by leveraging customer transaction data to visualize their environmental impact. Banks are in a unique position to encourage more environmentally friendly consumption and those using Deedster’s service have already shown exciting results.”