Fintech
UK-based green fintech ekko gets $2.5 million
The climate fintech also closed a $2.5 million funding round led by Fuel Ventures. It is supported by Sorven Partners, Mishcon de Reya and existing investors. According to ekko. the increase will enhance its ability to bring sustainability to the forefront of financial services. Specifically, it will enable banks, fintechs and payment service providers to integrate the positive impact of the planet into their products.
The London-based fintech has already entered into numerous partnerships, including Volt, Primis and Stubben Edge. It also introduced the Planet Saver Account in collaboration with Akoni Hub and BLME. The financing round highlights its significant progress in climate technologies.
Leveraging financial technology to achieve positive climate impact at scale
ekko’s mission is to leverage financial technology to achieve significant, positive climate impact at scale. The goal is to break down barriers towards more sustainable lifestyles. In this context, ekko will bring industry-leading experts to support international expansion and product development.
ekko’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.
According to ekko, the support from Fuel Ventures, Mishcon de Reya and Sorven demonstrates the growing market demand for climate technology. Furthermore, ekko is ideally positioned to capture this demand and capitalize on market growth.
Oli Cook, co-founder and chief executive of ekko, said: “This fundraising is recognition of the huge potential of ekko’s business.
ekko: a scalable disruptor to empower consumers
Welcoming investors of the caliber of Fuel Ventures, Sorven and Mishcon de Reya is extremely encouraging. ekko is a very scalable company and 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. The pressure is strong on fintech and the banking sector to adopt more sustainable practices. 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.”
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“UK-based green fintech ekko secures $2.5 million” was originally created and published by International retail bankera trademark owned by GlobalData.
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