ecolytiq Raises €13.5M in Funding

ecolytiq

ecolytiq, a Berlin, Germany-based sustainability-as-a-Service® solution provider, closed a EUR 13.5m in funding.

Visa, an auditing and consulting firm PwC Germany, was one of the backers through Segenia Capital, VCM Global Asset Management, and btov.

The company plans to use the funds for further development of the product and expansion of their markets.

Founded in 2020 by David Lais, ecolytiq provides a Sustainability-as-a-Service® solution that enables banks, fintech companies and financial service providers to show their customers the individual impact their purchasing behaviour is having on the environment in real time. The software calculates your personal environmental impact, such as CO2.2 values, on the basis of payment transactions. The company joined Visa Fintech Partners Connect in November 2020. It allows banks to implement their sustainability plans using payment data. ecolytiq is a partnership with Visa that provides financial institutions with the technology to support and educate consumers about their environment. This solution uses payment data to offer customers data-driven CO.2 analysis, context, engagement, offsetting, and sustainable investment advice.

Rabobank and Tatra Bank are early adopters. Tomorrow Bank, Rabobank, Novus, Tomorrow Bank, Novus, and partners like Worldline, Tink are also early adopters.

The solution is now available in Europe and Canada as well as the United States.

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