- Doconomy Series B Funding:
- Raised €34 million in a Series B round.
- Co-led by UBS Next and existing investor CommerzVentures.
- Joined by previous backers Tenity, Motive Ventures, PostFinance, and new investor S&P Global.
- Use of Funds:
- Expand operations in North America.
- Increase engagement and adoption of its tools.
- Further develop its product suite.
- Company Background:
- Founded in 2018 by Mathias Wikström and Johan Pihl.
- Focuses on sustainability by helping individuals and corporations manage their environmental footprint.
- Client Base:
- Serves over 100 clients across 35 markets.
- Key Product:
- Offers climate-focused transaction and savings solutions using the proprietary Åland Index.
- The Åland Index calculates the climate impact of financial activities, including CO2 and H2O emissions from payments and transactions.
- Recent Acquisition:
- Acquired Dreams Technology to enhance digital engagement tools by combining it with expertise in quantifying environmental footprints.
![Swedish climate fintech Doconomy bags €34m in Series B funding Swedish climate fintech Doconomy bags €34m in Series B funding](https://www.fintechinshorts.com/wp-content/uploads/2024/06/pexels-kindelmedia-7688202-1068x1424.jpg)
Swedish climate fintech Doconomy bags €34m in Series B funding
Hot this week
Blogs
Banking as a Service: Meaning, Examples, Benefits and Future
The push for open banking has led to a...
Blogs
Best fintech blogs and websites
Fintech (financial technology) has been an interesting part of...
Blogs
Is it worth investing in life insurance over 60?
Is it worth investing in life insurance over 60?
As...
Topics
Banking
Morgan Stanley buys stake in UK business payments start-up Sokin
Key Points:Acquisition Details:Morgan Stanley has acquired a...
Banking
New wealthtech start-up Waltz launches US real estate investment platform
Key Points:Launch Objective:Enable foreign investors to invest...
Banking
HSBC India partners with Open Financial Technologies to launch FinConnect for business clients
Key Points:Partnership Objective:Simplify payment processes for HSBC's...
Banking
FCA issues new guidelines to ensure cash access for consumers and small enterprises
Key Points:Objective:Ensure "reasonable access" to cash deposit...
Banking
Social trading app Shares set to exit UK market
Key Points:Market Exit:Shares is set to exit...
Banking
UniCredit set to acquire Aion Bank and BaaS provider Vodeno for €370 million
Key Points:Acquisition Agreement:UniCredit has signed a binding...
Banking
Kenya’s Diamond Trust Bank taps Network International for digital payment solutions
Summary of Diamond Trust Bank (DTB) and Network International...
Banking
Rabobank taps Zafin to upgrade pricing, billing and invoicing capabilities
Key Points:Partnership Announcement:Rabobank has partnered with Zafin,...