Clarity AI, a prominent player in the sustainability fintech sector, has acquired Berlin-based ecolytiq, though the financial specifics of this acquisition have not been disclosed.
Based in the United States, Clarity AI leverages artificial intelligence to provide data-driven insights related to environmental and social governance for a variety of clients, including investors, corporations, governments, and consumers. With a robust network of clients managing approximately $70 trillion in assets, Clarity AI collaborates closely with several major financial institutions.
The acquisition of ecolytiq is set to enhance Clarity AI’s capabilities in climate engagement for retail and commercial banking institutions. Ecolytiq specializes in analyzing real-time transaction data to assess environmental footprints and deliver impactful sustainability content, utilizing behavioral science to drive measurable outcomes. Their white-label solutions have been employed by organizations like HSBC, enabling millions of consumers and businesses to gain valuable climate insights. This initiative has been strengthened by a long-term partnership with Visa, which is now both a partner and an investor in Clarity AI.
Rebeca Minguela, CEO of Clarity AI, expressed enthusiasm about the acquisition, stating, “We are transforming sustainability insights into a catalyst for action. Ecolytiq’s platform aligns perfectly with our mission to integrate sustainability intelligence into every decision, from multi-billion-dollar portfolios to everyday purchases.”