Sustainable finance provider Ecolytiq has successfully raised €13.5 million in a recent financing round led by Visa, alongside several notable investors.
Prominent consulting firm PwC Germany participated through a fund managed by Segenia Capital, VCM Global Asset Management, and btov.
Established in 2019, the Berlin-based company collaborates with Visa to equip banks and financial institutions with technology aimed at helping consumers understand and manage their environmental impact. By leveraging transactional data, Ecolytiq’s platform provides customers with insights on CO2 expenditure, offsetting options, and sustainable investment guidance.
In 2021, Ecolytiq teamed up with Visa to launch the Visa Eco Benefits bundle, which includes an embedded carbon footprint tracker for member institutions. Early adopters of this initiative include Rabobank, Tatra Bank, Tomorrow, and Novus, in addition to strategic partners like Worldline and Tink.
Charlotte Hogg, CEO of Visa Europe, emphasized the urgent need for a shift towards more sustainable behaviors to achieve global net-zero targets by 2050. She noted, “An essential part of this transition involves helping individuals understand the environmental impact of their decisions. Ecolytiq empowers banks and their customers to recognize the positive changes they can drive. The company has experienced remarkable growth over the past two years, and we’re thrilled to support their next phase of development.”
According to Ecolytiq co-founder David Lais, the newly secured funds will be allocated toward product innovation and the exploration of new business models in the financial sector, all in alignment with the UN Sustainable Development Goals.