25 Fintechs Going Green

https://finovate.com/20-fintechs-going-green/
http://finovate-wpengine.netdna-ssl.com/wp-content/uploads/2021/03/pexels-pixabay-158780-scaled.jpg?#

ESG investing is no longer the only environmentally conscious aspect of the financial services world. Recently, we’ve seen an explosion of fintechs– both new and incumbent players– going green.

Here’s a roundup of who’s who in sustainable fintech:

Ando Money

Ando Money is a California-based digital bank that uses client deposits to support green initiatives.

Ant Group

Ant Group, the fintech subsidiary of China-based Alibaba Group, has pledged to go carbon neutral by 2030.

Aspiration

Aspiration is a digital bank that won’t use consumer deposits to fund fossil fuel projects like pipelines, oil drilling, and coal mining. Additionally, the fintech plants trees in collaboration with reforestation partners when users round up their purchases.

Atmos Financial 

California-based Atmos Financial offers a savings account that uses client deposits to exclusively finance climate-positive projects at scale.

Carbon Chain

Founded in 2019, CarbonChain offers organizations visibility into the emissions of their supply chains to identify the highest polluting transactions. 

Carbon Collective 

Carbon Collective offers roboadvisory services that help users divest from fossil fuels and invest in stock market funds that are low-carbon and don’t depend on fossil fuels for their core business.

Carbon Zero

Carbon Zero offers a credit card that rewards users’ purchases by using merchant-paid fees to buy carbon offsets.

Cloverly

Cloverly integrates with existing fintech apps, financial institutions, and payment processing services to assess their carbon impact and determine offsets needed.

Cooler Future

Still in beta, Cooler Future is a Finland-based startup that enables users to invest in a sustainable portfolio.

Doconomy

Doconomy is a Sweden-based digital bank that wants to inspire behavioral changes and reduce unsustainable consumption and carbon emissions.

Ecocart

Ecocart is a browser extension that works with merchants to help customers offset the environmental impact of their online purchase.

Helios

Founded in 2019, Helios is a France-based fintech that offers a digital bank account that helps users offset their carbon footprint.

Joro

Joro connects to users’ payment cards to analyze their carbon footprint and determine the biggest drivers of their carbon footprint.

Meniga

As part of its digital banking platform, Meniga provides a Carbon Insight tool that offers end users visibility into their carbon footprint based on their spending.

NetZero

NetZero connects to users’ bank accounts to determine the carbon footprint of their purchases. The fintech also helps users reduce their emissions and offset their footprint.

Nori

Headquartered in Seattle, Washington, Nori is developing a marketplace for carbon removals.

OpenInvest

OpenInvest helps advisors offer their clients ESG investing that align with their values.

Raise Green

Raise Green offers a marketplace where users can invest in local, impactful projects.

ReGal

Headquartered in the U.K., ReGal offers alternative financial services based on Green Blockchain.

Ripple

Payments network Ripple pledged to be carbon net-zero by 2030 and to decarbonize public blockchains.

Stripe

U.S.-based ecommerce and mobile payments company Stripe offers a tool called Stripe Climate. The offering enables businesses to direct a portion of their revenue to help scale emerging carbon removal technologies.

Tomorrow

Tomorrow offers a digital bank account that uses customer deposits to fund sustainable initiatives. The startup’s premium account, Tomorrow Zero, offers a payment card that is made of wood.

Treecard

Treecard offers a free payment card made of wood. The company donates 80% of its profits to reforestation.

Trine 

Trine is a Sweden-based company that allows firms as well as private and professional investors to crowdfund solar energy products.

Tumelo

Tumelo helps investment platforms and pension providers engage investors by showing them the companies in their portfolio and empowering them to vote on ESG issues.

https://finovate.com/20-fintechs-going-green/