Stockholm-based sustainability fintech Deedster has secured a SEK 15 million investment round led by Wellstreet.
Deedster’s SaaS platform provides personalized sustainability data and guidance to help consumers measure, understand, and take actionable steps to mitigate their carbon footprint. Additionally, Deedster’s solution aids financial institutions in addressing the growing regulatory pressures related to climate change, including compliance with CSRD legislation.
Founded in 2016, the company currently serves 140 clients across more than 50 countries, including prominent names such as SEB, Radicant Bank, Contovista, Swiss Re, AXA, and Zurich.
The new funding will be utilized to target larger financial institutions and neobanks throughout Europe, with a particular focus on the Nordics, DACH, and UK markets.
Armando Coppola, partner and fund manager at Wellstreet, stated, “Deedster’s technology is set to become a standard for bank customers within a few years. The team has developed an impressive product that integrates customer transaction data to visualize their environmental footprint. Banks have a unique opportunity to promote more eco-friendly consumption, and those utilizing Deedster’s services are already seeing promising results.”
Learn more about the latest innovations in the sustainable finance sector at Finextra’s annual Sustainable Finance Live conference, taking place on 8 October 2024.