Doconomy, a Stockholm, Sweden-based impact fintech company providing banks with tools to drive climate action and financial wellbeing, raised €34M in Series B funding.
The round was led by UBS Next and CommerzVentures with participation from S&P Global, Motive Ventures, and PostFinance.
The company intends to use the funds to accelerate its expansion in North America, as well as the enhancement of its product suite.
Founded in 2018 by Mathias Wikström and Johan Pihl, Doconomy is a provider of applied impact solutions which empower individuals and corporations to assume responsibility for their environmental footprint, fostering a sustainable lifestyle for all.
The company serves over 100 clients in 35 different markets and has established key partnerships with organizations such as the United Nations Framework Convention on Climate Change (UNFCCC), Mastercard, S&P Trucost and World Wildlife Fund (WWF).
Its products are:
Impact Transactions: a carbon footprint tool for financial transactions. It converts financial transactions into real-world environmental footprint by measuring their CO₂e (carbon dioxide equivalent) impact based on the Åland Index methodology.
Impact Finance: a savings solution that empowers customers to improve their financial wellbeing and shape sustainable behaviors. With Impact Finance, banks can inspire customers to make more mindful consumption, lifestyle choices, and investment decisions by coupling their financial wellbeing and life goals with the longer term targets around reducing emissions.
Impact Activity: launched in partnership with the UNFCCC, this module is a comprehensive self-assessment tool that gives individuals direct clarity on their total environmental footprint.
Impact Education: a module that inspires and empowers individuals to achieve a more sustainable lifestyle, providing content and tangible tools to help reduce one’s climate footprint.
FinSMEs
30/05/2024