Doconomy

Future-proofing life on planet earth.

Our mission is to provide digital tools to drive change, direct capital towards solutions and enable a sustainable lifestyle for all.

Doconomy is a Swedish fintech startup founded in Sweden in 2018. Doconomy is the world’s first mobile banking service for everyday climate action. We belive in the usage of money as a force for good. Doconomy is also a philosophy and a call-to-action for climate change. It is time to move from Economy to a Doconomy where we all have the possibility to contribute. Urgent action is needed to curb carbon emissions and combat climate change. Doconomy wants to inspire individual change in behaviour, reduced consumption and compensation. The first solution from Doconomy is the digital banking service DO.

No. Doconomy is not a bank. We are better than a bank. Doconomy is a fintech startup who offers a banking service for managing your personal finances and your everyday climate actions. We make it easy and fun to manage your money. With us you get a savings account, a payment- and creditcard, funds and climate compensation. We operate under the Finnish banking license of our partner-bank, Ålandsbanken. Future DO members’ savings will be covered by the deposit insurance scheme.

Doconomy is owned by the team and by private investors. All with the collective belief that we need to do something about the state of the planet. Doconomy’s partner-bank, Ålandsbanken is also minority shareholder.

If you, like us, think change begins with individual change of behaviour and collective action, you are invited to join as a DO member. You have to be a Swedish citizen, over 18 years old, have access to Mobilt BankID and if you want to apply for the DO-card, we will perform an ordinary credit evaluation. We’ll do our best to provide you with easy to use tools to understand your carbon footprint, learn how to minimize your negative and increase your positive impact through climatesmart savings. Good for you and the planet, ultimately achieve a more sustainable lifestyle.

Doconomy will earn revenue through our mobile banking service – on savings, transaction volumes and the payment- & credit card. Doconomy will offer competitive terms for the consumer and will make retail partners pay for their climate impact and the possibility to compensate through their customers. We will over time review the possibility to expand our offering also into other segments. The Doconomy model will be transparent and available online.

Doconomy has created a unique ecosystem where we connect producers, retailers and consumers to enable climate compensation, sustainable investments and “Everyday Climate Action”. We use collective power to direct capital and create lasting change. No bank today offers the opportunity for shared responsibility for the planet for consumers, producers and retailers and no bank has climate commitment as its core business. We want to change that. Taking responsibility for the planet is our vision, mission and our higher purpose.

Where there is climate change, there is a need for our services. The ambition is to support as many people as possible with the opportunity to monitor impact and to make sustainable lifestyle choices.

We manage our business responsibly with people and planet in mind. We exist to create value for our customers/users, partners, employees, owners and the wider society. Our business model is all about future-proofing planet earth and achieve a sustainable lifestyle for all. Our ambition is to be a role model. We are a gender equal fintech start-up promoting diversity. We have a female Chairwoman of the Board, 50/50 gender equality among our Board of Directors and a large number of female private investors. Doconomy will be transparent on how we make money and we will always work to offer competitive fees. Our service is accessible and easy-to-use, and we will work to increase inclusion, both from a climate- and a financial perspective. Doconomy will measure, work to reduce and fully compensate our own carbon footprint. Our targets will be aligned with the ambition towards 2030 and 2045. Our criteria for both climate compensation projects, as well as for the funds we offer, will be of the strictest. All partners will be evaluated from a sustainability perspective and we will work together with them, as well as with all stakeholders, to drive change and create a positive impact. The impact we create, will be publicly disclosed.

DO, by Doconomy, is an easy-to-use mobile banking service. Actually, the world’s first banking service to manage your personal finances and your everyday climate action. DO helps you to easily manage your consumption and savings to achieve a sustainable lifestyle. DO will help you save money and make a positive impact on people and the planet. The DO credit card automatically tracks the CO₂ footprint from your card purchases and provide you with alternatives to compensate. You will also be able to collect DO credits from our partners that can be used for further compensation.

No, you do not have to change bank to use the banking service DO. When downloading the app and upon your first entry, you will be asked to connect your DO account to your salary account with your ordinary bank. DO is a complementing service to your ordinary bank, it is easy to connect and start using our services. Downloading and using the app is free of charge. You pay a competitive fee for using the DO-card, for investing in funds and a minor administration fee for your climate compensation. It is also free of charge, on the contrary, it is benefical for you to redeem DO-credits from our retail partners.

It’s a credit card! As with any other credit card, you can use it for your monthly consumption, and pay off the bill in the end of the month. If you need extra credit, you can also use the credit you applied for. In addition to functioning as a regular payment- & credit card with competitive terms, the DO card also track the CO₂ impact of your purchases allowing you to compensate. You will be able to track your footprint in the DO app. The DO-card is climate-friendly, bio-sourced. The payment network behind the card is Mastercard.

DO offer members the possibility to climate compensate for the carbon emissions from their consumption, that couldn’t be avoided. Measuring the carbon emissions, understanding the footprint and working to reduce it, is key to act on climate change on both organizational and individual level. By financing UN certified emission reductions, you can compensate the emissions that could not be avoided. By buying units in climate friendly compensation projects you can support projects in developing countries, have a positive impact on local communities and contributing to achieving the UN Sustainable Development goals (also known as the SDGs).

Many consumers want to be part of mitigating climate change. Climate compensation is one way to neutralize your carbon footprint. However, it should not be used as an indulgence for further consumption, and it must be done in combination with understanding the footprint, working to reduce it and compensate for emissions that could not be avoided. We know this is not easy, and we are all learning. Let’s share our knowledge and DO this together.

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