Fintech
Global climate fintech, ekko, secures $2.5 million funding round
Ekko, a London-based climate fintech, secures $2.5 million in funding from Fuel Ventures and other investors, aiming to integrate sustainability into financial services. The investment will fuel innovation, partnerships and international expansion, resulting in significant climate impact.
London-based climate fintech ok, successfully closed a $2.5 million funding round. Led by Fuel Ventures and supported by Sorven Partners, Mishcon de Reya and existing investors, the raise will enhance ekko’s ability to bring sustainability to the forefront of financial services. As a result, this will enable banks, fintech companies and payment service providers to integrate the positive impact of the planet into their products.
Having secured numerous successful partnerships, including Fintech of the Year Volt, Primis and Stubben Edge, ekko has made significant progress in the climate technology sector. This progress has been highlighted by the introduction of the Planet Saver Account in collaboration with Akoni Hub and BLME.
ekko will use this new investment to drive innovation. Continuing its mission to leverage financial technology to achieve significant, positive climate impact at scale, it is breaking down barriers to more sustainable lifestyles. Additionally, ekko will bring industry-leading 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. Their goal is 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.
Support impactful partnerships
Ekko supports a variety of impact partners through its fintech model. They partner with leading organizations including Gold Standard, Conservation International, Tusk and Prevented Ocean Plastic. Their support extends to carbon offsetting, reforestation and conservation projects, as well as preventing plastic from ending up in the 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 support from Mishcon de Reya and Sorven Partners, this demonstrates the growing market demand for climate technology. As a result, ekko is ideally positioned to capture this demand and capitalize on market growth.
Green fintech ekko aims for sustainable growth
Speaking on the closing of the funding round, Oli Cook, co-founder and CEO of ekko, commented: “This fundraising is a recognition of the enormous potential of ekko’s business and the resonance of our mission. Welcoming investors of the caliber of Fuel Ventures, Sorven and Mishcon de Reya is extremely encouraging. ekko is a very scalable business. We look forward to seeing the broader influence this increase will have on the growth of our products and impact partners as well. The time to act on our current climate situation is now. With this raise we aim to be a disruptor in the market and enable banks, fintechs and payments providers to enable their customers to have a tangible and meaningful impact on our world.”
Mark Pearson, managing partner and founder of Fuel Ventures, added: “It has always been important to us to invest in technology businesses with the potential to grow quickly. The combination of sustainability and fintech embedded in ekko’s unique value proposition means we can immediately see the opportunity for rapid growth. Fintech and the banking sector are under pressure to adopt more sustainable practices, and ekko’s leadership team has both the banking credentials and fintech entrepreneurship to make this happen. We are excited to help the company take it to the next level.”