TLDR:
– Doconomy, a Swedish impact fintech company, raised $37 million in a Series B funding round to help consumers make sustainable choices.
– The funding will be used to expand the company’s solutions aimed at driving climate action and well-being.
Swedish impact fintech company Doconomy has raised €34 million (USD$37 million) in a Series B funding round to help consumers make more sustainable choices. Founded in 2018, Doconomy has developed tools that enable users to make environmentally sustainable financial decisions. Some key points from the article include:
- Doconomy aims to empower users to play their part in tackling the climate crisis by making every transaction count.
- The funding round was co-led by UBS Next and CommerzVentures, with participation from S&P Global and other existing investors.
- The funds will be used to expand in North America and enhance the company’s product suite to further support sustainable behavior.
In a statement, Doconomy CEO and Co-Founder, Mathias Wikström, emphasized the company’s mission to build a world where sustainability is the norm and accessible to all. With support from investors like UBS Next and CommerzVentures, Doconomy plans to continue its efforts to drive climate action and well-being through its innovative solutions.
This funding round highlights the growing interest and support for companies focused on sustainable finance and environmental impact, as investors increasingly recognize the importance of integrating sustainability goals into financial services.
