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As a leading player in climate technology, Doconomy are thrilled to partner with Mambu, a cloud banking platform. This partnership marks the first climate tech collaboration to be featured on Mambu’s partner ecosystem empowering financial institutions globally with accurate, easy-to-understand environmental impact data to support them in taking climate action.

 

Doconomy and Mambu to enable clients to calculate the environmental footprint on transactions for everyday climate action
Doconomy

During World Economic Forum in Davos, Doconomy will arrange a forward leaning event to showcase positive impact companies. The ambition is to provide a pop-up stage for companies that Doconomy, and partners, find valuable and promising with high impact potential.

Doconomy creates Stage of Impact in Davos during World Economic Forum
Doconomy Largest ever Climate Fintech investment round in Europe announced

Today Doconomy announces a $17 million investment round. This funding will accelerate Doconomy’s continued further development.

This funding will accelerate Doconomy’s continued expansion and support the further development of its impact applied portfolio; enabling impact calculations on transactions, lifestyle, products and companies of all shapes and sizes. The funding will also be used to recruit new hires to join Doconomy’s growing team.

Doconomy currently processes close to 90 million transaction impact calculations per month in 20 markets, for clients including Klarna, with close to 20 million users in their app, and Nordea with over 2 million users in their digital wallet. Doconomy aims to make its services available in 10 more markets in 2021.

We are proud to help educate the many and 2021 has presented rapid growth. We have significantly built out our bank connections across Europe and Asia and will soon assist additional markets

“We are proud to help educate the many and 2021 has presented rapid growth. We have significantly built out our bank connections across Europe and Asia and will soon assist additional markets” said Mathias Wikström, co-founder and CEO of Doconomy

Through one API, Doconomy’s service Åland Index allows customers to assess the impact of a service solution, including climate calculated financial data which presents both CO2e and H2O impact per transaction. Doconomy’s technology and connectivity also powers impact calculations on product level through the 2030calculator.com for over 2.000 users from brands, media and academia. The tool is part of the University of Oxford’s list of initiatives that can have a positive impact in shaping a more resilient tomorrow.

Doconomy is built on the conviction that if we provide users with the right tools, we can motivate and drive behavioral change, ensuring substantial impact reductions from both individuals and corporations.

“Doconomy is built on the conviction that if we provide users with the right tools, we can motivate and drive behavioral change, ensuring substantial impact reductions from both individuals and corporations.” said Johan Pihl, co-founder and CIO of Doconomy.

Banks, Brands and fintechs – including Bank of the West BNP Paribas, Emeco, Findomestic, Nordea, Standard Chartered, Proximus, Paybox, Flowe, OLB, Triwa and Ålandsbanken – are also using Doconomy’s services.

Doconomy’s transaction impact services are currently provided in Sweden, UK, France, Spain, Germany, Italy, Portugal, Denmark, Finland, Norway, Belgium, Austria, Netherlands, Poland, Australia, Canada, U.S., Sri Lanka, Taiwan and Pakistan. Founded in 2018 and headquartered in Stockholm, Doconomy has more than 50 employees.

We couldn’t be more excited about joining forces, helping banks and payment companies educate and empower their customers for climate action.

“We couldn’t be more excited about joining forces, helping banks and payment companies educate and empower their customers for climate action.” said Paul Morgenthaler, Partner of CommerzVentures

The investment round was led by a new investor, CommerzVentures; the specialist fintech investor behind successes including Marqeta, eToro, Mambu, and Bought By Many. Existing investors such as Mastercard, Wiklöf Holding and Ålandsbanken increased their investments in Doconomy.

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Klarna starts providing 90 million consumers with carbon footprint insights. Starting on Earth Day, Thursday April 22th, the challenger bank, Klarna, will provide carbon impact calculations on all transactions by all users through the Doconomy service, Åland Index.

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