Staying ahead of the technology curve means strengthening your competitive advantage. That is why we give you data-driven innovation insights into the FinTech industry. This time, you get to discover five hand-picked startups developing green financing solutions.
Out of 96, the Global Startup Heat Map highlights 5 Top Startups offering Green Financing Solutions
The insights of this data-driven analysis are derived from the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, covering 2 093 000+ startups & scaleups globally. The platform gives you an exhaustive overview of emerging technologies & relevant startups within a specific field in just a few clicks.
The Global Startup Heat Map below reveals the distribution of the 96 exemplary startups & scaleups we analyzed for this research. Further, it highlights five FinTech startups that we hand-picked based on criteria such as founding year, location, funding raised, and more. You get to explore the solutions of these five startups & scaleups in this report. For insights on the other 91 green financing solutions, get in touch with us.
CarbonChain offers Access to Green Finance
Nowadays, sustainable development projects attract more financial benefits such as tax refunds and form part of priorities for governments across the world due to the rapid rise in global warming. Green financing increases financial flows from banking, insurance, and investment sectors to sustainability efforts. For example, while individuals take certain efforts and measures to live sustainably, their efforts get nullified when their bank deposits are used to finance coal mining operations. Startups develop tools and solutions that quantify carbon offsetting in organizations and enable access to green finance.
British startup CarbonChain offers carbon accounting products that create openings for industries to access green financing. The startup quantifies the carbon footprints of companies’ trade finance portfolios to identify the transactions that pose the most risk in terms of rising carbon prices. CarbonChain also offers carbon risk exposure assessments for clients in multiple industries including steel, copper, and aluminum.
ReGal 38183 builds a Green Blockchain
Distributed ledgers enable considerable transparency in transactions. The finance industry is already leveraging the advantages of blockchain technology to curb fraudulent activities. Green Blockchain apps involve environmentally friendly initiatives and ensure transparency in sustainability efforts. Startups and scaleups use Blockchain technology to create financing solutions specifically for environmentally-friendly initiatives such as renewable energy projects.
British startup ReGal 38183 provides green financial services and financial compliance solutions. Through the Green Blockchain, the startup enables clients to invest in initiatives with a focus on sustainability. OIII3 BANK is the startup’s virtual sustainable banking platform where clients are able to integrate environmental, social, and governance criteria into the business or investment decisions for the lasting benefit of both clients and society.
Tomorrow facilitates Sustainable Mobile Banking
The importance of sustainability echoes across all industries including energy, manufacturing, and finance. Green financing is an avenue to specifically invest in green digital products and other sustainability initiatives. These financial products make banking sustainable by investing the customer deposits in initiatives that produce renewable energy and account and offset carbon footprints. Startups develop green financial instruments and products that cater to financing sustainability.
German startup Tomorrow provides sustainable and transparent mobile banking services. Tomorrow Zero, a premium account enables financing specific climate change initiatives such as biogas plants in Vietnam, clean drinking water in Uganda, and improvement of smallholders in Peru. Moreover, the startup contributes to the United Nations Sustainable Development Goals (SDGs) through the green bonds that are issued by Förderbank Nordrhein-Westfalen, Germany.
MIRIS develops the Green Finance Framework
All financial products work on a specific framework that enables the clients to maximize their returns. Financial frameworks enable the optimization of financial standards and provide a platform for testing various core and dedicated accounting practices in an objective manner. To this end, startups develop green financial frameworks that monitor and track green financial initiatives.
Norwegian startup MIRIS develops the Green Finance Framework, a methodology platform for selecting, tracking, and reporting the movement of funds in financial projects. The startup’s framework is transparent and structured around the core components of the Green Bond Principles (GBP) established by the International Capital Market Association (ICMA).
TREELION provides Green Digital Finance
The digitalization of businesses extends to not only the operations but also the financial aspects of enterprises. The increasing importance of sustainability across industries is reciprocated with organizations getting involved in sustainability projects. Digital finance reduces costs and increases the speed of transactions. To this end, startups and scaleups develop green digital finance solutions to positively impact climate change.
Chinese startup TREELION develops a Blockchain-based financial digital network for ecological businesses. The startup with the help of Green Digital Financial Infrastructure enables a decentralized network for the compliant release and the management of green digital products. Further, this network establishes a cross-industry Blockchain to recognize the green value and support green economy capital flows.
Discover more FinTech Startups
Startups such as the examples highlighted in this report focus on green blockchain and sustainable banking solutions as well as increasing access to green finance. While all of these technologies play a major role in advancing the financial services industry, they only represent the tip of the iceberg. To explore financial technologies in more detail, simply let us look into your areas of interest. For a more general overview, download our free FinTech Innovation Report to save your time and improve strategic decision-making.
