The ESG FinTech 100 

The ESG FinTech 100

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The ESG FinTech 100

Profiles of the ESGFINTECH100

The world’s most innovative companies developing ESG Solutions in Financial Services that every financial institution needs to know about in 2022.

The ESGFINTECH100 is an annual list of 100 of the world’s most innovative ESG
companies offering solutions for the financial services industry selected by a panel of
industry experts and analysts. These are the companies every financial institution needs
to know about as they consider and develop their ESG assessment and performance
improvement strategies.
The list is part of a series of studies that highlights the leading companies in sectors
such as RegTech, InsurTech and WealthTech to help executives stay on top of the
latest innovations. Companies that won places on the preceding lists generated huge
awareness among financial services firms. Many were approached directly by banks
and financial institutions, while other got a more welcome reception from prospective
clients and partners.
The ESGFINTECH100 list will help senior management and technology executives
evaluate which applications of ESG in financial services have market potential and are
most likely to succeed and have a lasting impact on the industry.
CRITERIA
The criteria assessed by the Advisory Board and FinTech Global team include the
following:




Industry significance of the problem being solved
Growth in terms of capital raised, revenue, customer traction
Innovation of ESG technology solution offered
Potential cost savings, efficiency improvement, impact on ESG imperatives and/or
revenue enhancements generated for clients
How important is it for financial institutions to know about the company?

PROCESS

RESEARCH
ESG
UNIVERSE

NOMINATE
COMPANIES

CONDUCT
INTERVIEWS
& SURVEY

IDENTIFY
ESGFINTECH
100

Analyse the
universe of ESG
solutions in
Financial Services
on FinTech Global
database and
external sources

Shortlist
candidates that
meet criteria
along with
companies
nominated via
the website

Undertake indepth interviews
or surveys
with founders
and CEOs of
shortlisted
companies

Determine which
companies excel
in terms of the
criteria and can
be classified as
ESG innovation
leaders

PUBLISH

Announce results
to media and
finalists

4

ESGFINTECH100 Profiles

Founded 2015

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, Investing
Products/Data
Regions of operations: Switzerland, Germany, United States,
Serbia

We believe that each person is unique, should understand how to fulfil their dreams, get a realistic picture of their
future wealth, cover their life risks, and invest in a sustainable, purpose-driven manner. Despite the individuality of
clients, wealth managers continue to offer simplified and standardised investment plans without realistic, forwardlooking wealth scenarios, complying with the regulation but not differentiating in sustainable investing. Therefore,
3rd-eyes analytics was founded in October 2015 by Stephanie Feigt (CEO) and Rodrigo Amandi (COO). The idea was
on the one hand to develop a solution that integrates professional asset and liability management methodology,
sustainable and impact investing. On the other hand, the idea was to leverage this expertise in a B2B approach to
financial institutions (instead of B2C), all to maximise the positive impact on clients and environment. Today, more than
30 experts work for 3rd-eyes analytics in quantitative modelling, software development, marketing & sales.

Founded 2002

Employees: 1,001-5,000

Segments of Financial Services: Corporate Assessment &
Reporting
Regions of operations: United Kingdom, Europe, United States

ACA Group (“ACA”) is the leading governance, risk, and compliance (GRC) advisor in financial services. The company’s
innovative approach integrates consulting, managed services, and its ComplianceAlpha® technology platform with
the specialized expertise of former regulators and practitioners to deliver holistic risk and compliance management
solutions for clients. ACA’s dedicated ESG practice helps firms of all sizes develop and monitor ESG programs to
mitigate risk, make informed choices, grow profitably and sustainably, and combat greenwashing in the process.

Founded 1998

Employees: 251-500

Segments of Financial Services: ESG Intelligence & Data
Analysis, Offsetting Analytics & Marketplaces, Banking
Products/Data
Regions of operations: Switzerland, Europe, APAC, MEA

Established in 1998, additiv partners with leading companies across the world to help them capitalize on the
possibilities of embedded finance, enabling financial institutions to access new distribution channels through a Bankingas-a-Service (BaaS) model. additiv enables people to access personalized financial services at their time of need, by
allowing leading brands and financial institutions to embed wealth services. additiv is best positioned to drive business
model transformation. The additiv orchestrated finance platform allows brands to offer end-to-end customer journeys
supported by regulated and fintech ecosystem partners.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

ESG Impact Investing: accessing a new
breed of investors
In the words of Barack Obama “We are the first generation to feel
the effect of climate change and the last generation who can do
something about it”. And no-one feels more passionate about this
sentiment than Millennials and older GenZs.
by Ennio Limbach, Head of Value Propositions at additiv
recently seen these new mass market investors easily
and cheaply investing via online trading platforms
from the comfort of their own home. Fortune Market
Insight valued these online platforms at growing from
$8.59 billion (2021) to reach $12.16 billion by 2028 at
a CAGR of 5.1% within their recent market research
report. And yet, accessing this market has been a
challenge; limited to the likes of stand-alone platforms
such as Robinhood and eToro plus a few banks who
had built their own platform. That was until brands
started to utilize financial orchestration platforms.

Making up an audience of over 3 billion 1 , this
population is different to traditional high net wealth
individuals. It’s a segment that usually prefers brands
to be more aligned with their personal values 2 ,
and expects to access these brands online, 24/7,
tending to only respond to messages that resonate
with their current needs. As a result, offering
tailored environmental, social and governance (ESG)
investments represents an opportunity for brands –
financials or non-financials alike.

Making the ‘arm-chair investor’ accessible
Digitization is bringing personalized wealth
management solutions to this electronically savvy
consumer segment. With their interest in ESG, we’ve

Brands (financial or non-financial) can now serve
anyone wanting to invest from anywhere (‘armchair investors’) by offering embedded financial
services. Often referred to as embedded wealth,
and enabled via orchestration platforms, brands
facilitate communication between all parties, enabling
consumers to access highly personalized investment
services at their point of context. In essence the
opportunity to invest comes to the consumer rather
than the consumer having to search out and go
through extensive identification and verification
processes.

The ESG Investment opportunity for digital
banks
Often referred to as neobanks or challenger banks,
these predominantly online banks can enter wealth
and launch new products in much shorter cycles and
thus remain more agile to respond to market needs
quicker. However, they are not without their own
challenges; especially when it comes to customer
profitability and retention. As a result, they are
continually looking for new, personalized solutions

1
2

Financesonline research: 113 Key Generation Z Statistics 2021/2022 – Characteristics & Facts You Should Know + MSCI – How Millennials Consume Character Trait
or Economic Reaction?
The Deloitte Global 2022 Gen Z & Millennial Survey (Sept 2022)

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

that will appeal to their digitally savvy customer
demographic, particularly ESG related solutions.
Embedded wealth is enabling these digital banks
to offer just this. Through orchestration platforms,
digital banks can now offer their customers regulated
investment products, via self-service or advice
based investment channels without the need for
cumbersome or costly implementation. And once
embedded, the value is instantly realized by banks
when accompanied by sustainability data and
capabilities from ESG related partners connected to
the platform.

Personalized, appropriate ESG investing
With investment products offered in conjunction with
sustainability tools, digital banking customers can
select the projects that they want to support according
to their personal values as well as understand the
benefits that their investment can really have on a
dedicated goal. They can also select investments
based on carbon reduction and neutralization focus.
A word of caution – the outcome is as good as
currently available data. Nevertheless, even if some
data quality can be questioned, the trend is clear. In
essence, it records investors’ values and preferences,
provides engagement content on both their financial
and sustainability goals, all while screening unfit
instruments.

Source: additiv impact investing
(Impact Advisor) example

With this approach, banks can ensure that their
investment customers can track the financial and
material ESG performance of their assets in a intuitive
way. For example, at additiv, our partner network
allows for donations to projects that serve the
investors’ sustainability goals, particularly offsetting
the carbon footprint of the investments.

Source: additiv impact investing
(Impact Advisor) example

Overcoming ESG regulation hurdles
The last few years has seen a raft of regulation related
to investment services, particularly ESG, coming out
of the EU, with the potential to dramatically change
the landscape of sustainable investing in Europe. For
some, this creates a barrier to entry, but this potential
hurdle for digital banks and other brands, is overcome
by embedding a regulated partner and ESG specialist.

ESG investing for the masses
Offering ESG related services within a brand is
essential if they are to flourish and gain consumer
relevance. With a demographic more likely to use a
brand that supports social causes, in offering ESG
related solutions, these brands are supporting social
responsibility. Made easy by embedded wealth,
enabling the introduction of ‘ethical’ digital consumer
products such as green investing.
When partnered with an orchestrated finance
platform, ESG partner’s technology can be accessed
by financial and non-financial brands who embed
investment services to offer greater appeal and
increased customer value. Services can be tightly
integrated into an existing journey or offered
standalone.
Ultimately, with the right digital platforms, brands can
now offer investment to the masses to prosper and
serve their clients best interest. ESG tools and services
must be at the forefront of their investment offering –
increasing appeal and ultimately ensure benefit to all
– after all, this is likely to be our last chance.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

How additiv is bringing the UN’s SDG goals
into investing
additiv had an unlikely beginning for a FinTech company. It initially
launched in 1998 in the sports marketing, media and publishing space.
It then added marketing and lead management automation and
analytics services for its clients, which became very popular. These new
data analytics skills, coupled with several campaigns within the finance
sector, led additiv on a path to becoming a FinTech.
enable regulated parties to offer their services via all
channels to their clients and to financial and non-financial
brands to embed finance into their digital client journeys.
And now, with Impact Adviser, our clients can offer ESG
related tools and services on top of their traditional wealth
portfolio.”

Solving the market gap
One of additiv’s core solutions is Impact Advisor, which
enables companies to offer digital investment products
and services to generate measurable, beneficial social and
environmental impacts, alongside financial return.
This tool allows users to tailor their portfolio to meet their
values and desire to incorporate the United Nation’s (UN)
Sustainable Development Goals into their investment
strategies. Not only this, Impact Advisor supports carbon
footprint offsetting. Users select a scheme and can invest a
portion of their portfolio returns.

Michael Stemmle, the founder and CEO of additiv, said, “Our
extensive experience has been invaluable to our success but
we really only started operating as a FinTech from around
2011. It was then that additiv became a pioneer, together
with bank clients, to launch a wealth robo solution, as well
as the first consumer lending online offering, budget and
planning for private clients.”
Fast forward to 2017 and additiv entered its ‘growth phase’.
This was where the company’s strategic beliefs were
established. Stemmle stated that around this time cloud
and data analytics were becoming more widespread and
there was a de-and reconstruction of the value chain with
zero marginal cost. With its experience in analytics and the
successful launch of its wealth solutions, additiv saw a gap
in the market for ‘everything-as-a-service’, which inspired
additiv to establish itself as a pioneer in Banking-as-a-Service
(BaaS).
“From 2020, additiv has been recognised as a leading
WealthTech; providing one of the most advanced
orchestrated finance platforms,” Stemmle added. “We

For example, clients can pick from various impact projects,
such as healthy soils, clean water and quality education.
Investor preferences are recorded and they are supplied
with content based on their financial and impact goals.
Clients are also able to track financial performance,
sustainable impact, and offset an investment’s carbon
footprint.
Stemmle added, “For financial institutions (FIs), additiv
provides client applications to manage ESG, impact and UN
Sustainable Development Goals (SDG) related investing in
partnership with a range of ESG related FinTech partners,
including Clarity AI. Delivered via SaaS, FIs offer their own
regulated investment products – through advisor-assisted
personalised advice, self-service access, or a hybrid of the
two.”
additiv offers both financial and non-financial companies
with access to the same ESG and impact related services
through its BaaS platform. These are integrated into
existing journeys or can be used as a standalone product.
Furthermore, the platform connects brands with ecosystem
partners, including five ESG related FinTech partners, to
deliver the end-to-end customer journey and fulfilment.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

How additiv supports ESG in wealth
management
additiv has come a long way since its beginnings in 1998.
Part of its success can be attributed to its ability to adapt
and spot trends. It is why it comes as no surprise that the
company has also moved into ESG.
The ESG sector is having a huge influence in most
sectors. Within wealth management, global assets under
management reached $2.7trn in 2021, according to data
from Morningstar Direct. There are a lot of opportunities.
However, the move to the sector is not always driven by the
growth potential.
Stemmle said, “In the words of the British entrepreneur,
Richard Branson “There is no planet B. We have to take care
of the one we have.” The future of the planet hinges on the
success of global sustainability and it’s our responsibility as
a corporate to do everything we can to support this, and all
UN Sustainable Development Goals (SDG).”
With the mindset of being positive change, additiv is
currently expanding its current range of embedded finance
and WealthTech solutions, including savings and wealth
management ESG-related products.

“These products are essential
– there is no doubt that within
the next five years every wealth
management service provider
will need to offer ESG related
solutions.”
One of the ways additiv is helping wealth managers is with
the misallocation between a user’s sustainability view and
investment allocation. Its Impact Advisor solution aligns
the offered portfolio with the client preferences in terms of
themes, exclusions and the UN SDGs.
Another challenge it is solving is helping to eliminate the
footprint of invested capital. Stemmle added. “Regardless of
the ESG rating, a client portfolio has a footprint and Impact
Advisor allows for contributions to NGO’s climate impact
projects to offset carbon emissions.”

Differentiating itself from the market
With the rising importance of ESG, there is likely to be a
rise in solutions entering the market. This rise is already
happening. According to FinTech Global’s data, funding
into ESG FinTech companies is expected to double in 2022.
After just the first six months of 2022, a total of $657m was
invested through 27 deals. This is compared to the $1.1bn
that was raised in the whole of 2021. It is also significantly
higher than 2020, where $256m was raised through 27
deals.

With so many companies entering the market, it is
important to stand out. Stemmle said, “We believe that we
are unique in offering embedded finance to support Wealth
Management-as-a-Service (WmaaS). Conversations in the
market and our research indicates that no other vendor is
supporting this market need.”
Additionally, its products are built on a uniquely intelligent
SaaS cloud-native platform, which is called DFS. This is an
omni-channel platform built to underpin digital age banking
architecture. It serves as an orchestration layer that sits
between client interaction channels and the core banking
system. It is designed to allow users to access their wealth
management platform from anywhere and anytime.
Stemmle added, “Our solutions have been designed with
agility and efficiency in mind, enabling our customers to
realise the value of digitalization quickly. On average we
are able to ensure that we can roll out a new IT platform
to our customers within 6 months (from scratch). Given
how fundamental a digital wealth management platform
is to realising the benefits of digitalization, this speed of
delivery is key.” He added that once the platform is available,
the ability to continually launch and enhance wealth
management solutions is essential. Clients are able to
launch new solutions within three months, on average.
Stemmle added, “Our clients realise benefits including
on average an NPS registered 26 point improvement in
disparity between promoters and distractors, a 25% new
customer acquisition rate and 75% of total customer AUM in
e-asset management.”

Eyes on the future
additiv has had a strong 2022. It recently signed a strategic
partnership with ATRAM Trust Corporation, which is the
largest independent asset and wealth manager in the
Philippines. Through the deal, ATRAM will leverage additiv’s
DFS solution to launch smart, engaging and personalised
wealth and investment services.
Another significant milestone the company has achieved
this year was receiving silver status from the internationally
recognized sustainability ratings provider, EcoVadis. The
company was ranked in the top 25% of 85,000 companies.
additiv is not just resting on its laurels and has big things
planned for the future. The company is looking to release
more broader, enhanced features and value propositions
for the sustainable finance space. It is also looking to release
enhanced embedded wealth platform propositions.
Stemmle concluded, “These solutions will continue to
support independent financial advisors (IFAs) wealth and
asset managers but also utilised by a multitude of consumer
brands who will be embedding wealth management into
their offering, including life and health insurers, traditional
retail, challenger and neobanks, employee well-being
providers and consumer platforms.”

© 2022 FinTech Global and Investor Networks Ltd

REGION: EUROPE | SECTOR: ESG

COMPANY
RESEARCH
PROFILE
Founded 1999
Aachen, Germany
www.aixigo.com
solutions@aixigo.com
Employees: 101-250
PRODUCT NAME:
aixigo: BLOXX – Wealth Management
Platform

Regions of operation: Germany,
United Kingdom, Switzerland,
Luxemburg, Belgium, Netherlands,
Austria, France, Ireland, Denmark,
Norway, Sweden, Finland, Iceland

KEY EMPLOYEES:
Arnaud Picut
Chief Executive Officer
and Management Board
Christian Friedrich
Chief Strategic Officer
and Founder

Segments of Financial Services: ESG/Climate Risk, Banking Products/Data, Banking Services, Wealth Management Services

OFFERING
aixigo provides the world’s fastest API-based
Wealth Management Platform for creating
individual, innovative and profitable wealth
management services! The high-performance
aixigo:BLOXX of the Wealth Management
Platform provide all technological capabilities
for the application in investment advisory,
portfolio monitoring and analysis, portfolio
management and financial planning.
aixigo’s platform enables banks, financial
service providers and wealth managers to
master the challenges of digitalisation and
empowers them with speed, scalability, and
flexibility. International customers, such as
Vontobel, BNP Paribas, Commerzbank, and
Hargreaves Lansdown, are already benefiting
from the aixigo platform.

PROBLEM BEING SOLVED

TECHNOLOGY

Banks and financial service providers face
margin pressure, regulatory complexity
and rising customer expectations. They
therefore need innovative, transparent, and
user-friendly digital financial services. This
also applies to the nascent field of ESG, with
its complex regulatory framework. For this
reason, aixigo extended its aixigo:BLOXX
Wealth Management Platform with powerful
ESG capabilities.

aixigo’s financial technology is unique in
terms of speed and rivals the best solutions
in scalability and flexibility. Thus, aixigo
customers have a real edge over the
competition. How is this feasible?

aixigo’s modules facilitate a customerfriendly query of customer information
and preferences, portfolio construction or
reporting. Financial service providers can be
confident that regulatory frameworks and the
UN’s 17 Sustainable Development Goals are
met, while clients enjoy an excellent service
experience.

Thanks to powerful algorithms and an
in-memory database, aixigo’s platform is
incredibly fast. Even flexible analyses take
place in less than 300ms (almost real-time).

An API-first approach and 100+ readyto-use services ensure modularity and
multi-integrability. This results in maximum
flexibility.

MCC, high-speed interconnects, queuing,
and parallelisation ensure mass suitability.
In practice, this means processing 3,000
requests/ second, equivalent to calculating 1
million bank depots in 5.5 minutes.

PRODUCT DESCRIPTION
aixigo’s solutions differentiate from other solutions. How? In addition to modularity, multi-integrability and performance, aixigo has a special focus
on intuitive usability and translating complex issues to an understandable level for advisers and clients. This has also rigorously been considered
when designing aixigo’s ESG modules.
An intelligent query of the client’s sustainability preferences lays the foundation for a customer-oriented ESG offering. Once the client’s investment
objectives (purpose, duration, and strategy) are defined, their sustainability preferences are assessed using a streamlined ESG questionnaire
to avoid complexity overload. Afterwards, portfolio construction is the next elementary step. The additional ESG constraints make portfolio
construction more individualised and client-specific, but also highly complex. However, aixigo’s algorithm was modified to overcome this challenge
by adapting financial advice penalty functions. Of course, aixigo’s solution also enables wealth managers to meet all reporting and documentation
requirements. The suitability report documents the client’s individual sustainability preferences at both portfolio and instrument level. By avoiding
indiscriminate ESG benchmarks and referring to EU taxonomy, SFDR, and PAIs reporting standards, aixigo enables transparency and an easy entry
into the topic for the client.
Individual portfolio management, sustainability, digitalisation, and efficiency merge into a new customer experience, offering a responsible
approach to sustainability.

TRACTION/GROWTH
• Leading global financial service providers already benefit from aixigo’s wealth management platform, such as radicant, Vontobel, BNP Paribas,
Commerzbank, Consorsbank, DekaBank and Hargreaves Lansdown

• To create innovative, efficient and customer-friendly solutions aixigo partners with the best industry players, such as Zühlke, Synpulse, Ti&m and
GFT

This document is being provided for information purposes only. It is not designed to be taken as advice or a recommendation for any specific investment or strategy decisions.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

How aixigo is helping wealth managers
understand their ESG data
aixigo was founded by Dr. Rüdiger von Nitzsch, Erich Borsch and
Christian Friedrich who all met in the mid-90s. The name aixigo is
derived from ‘exigo’, which is Greek for ‘explain’, and the ‘Aix’ from
‘Aix la Chapelle’, which is the French name for Aachen. Aachen is the
German city where aixigo is headquartered.
Adding ESG to the wealth management
platform
With innovation a core pillar of aixigo, it is no surprise that
ESG and sustainable investing has been on its radar for
many years – long before it became a regulatory necessity.
Steiner stated that aixigo is always watching trends and
regulatory developments. As a result, ESG requirements
would have been incorporated into its software at some
point. aixigo alaways takes advantage of such opportunities
without wasting time – thus likewise in this case.
Furthermore, Steiner added, “the field of ESG holds great
potential to reduce the complexity of utilising technology
and promote transparency and trust on the client’s part.”

About aixigo’s Business
The initial goal of aixigo’s software platform was to “make
investors.” Delia Steiner, Country Manager Switzerland
& Liechtenstein at aixigo, explained, “In the midst of
the stock market boom in the late 90s, the founders
envisioned educating novice investors to enhance their
financial literacy regarding capital markets with the help of
technology; research and behavioural finance have played a
fundamental role from the beginning.”
Due to market conditions, aixigo’s business focus has shifted
towards high-performance software solutions for banks and
wealth managers. But Steiner emphasised that the original
principles of aixigo are still part of its DNA. The company
minimises the complexity for advisers and clients. “As a
result, we facilitate the adviser’s work and enable a superior
service experience for the client. That’s why we constantly
innovate in line with new market trends and collaborate
closely with our customers.”
Its core product is the aixigo: BLOXX Wealth Management
Platform. This allows firms to design their own wealth
management service based on API technology. Banks
and wealth managers can pick the tools they need for
investment advisory, portfolio monitoring and analysis,
portfolio management and financial planning.

With a huge market opportunity, aixigo decided to move
into the ESG business. However, seeing an opportunity is
only half the battle, aixigo needed to see where it could
add value. What the team noticed was that financial service
providers struggled to process large amounts of complex
data. Adding to this was the incoming regulatory changes
that needed to be monitored. Firms needed a way to exploit
data, but also generate meaningful insights from it.
“When asking a client how many tonnes of CO2 his portfolio
should be allowed to emit, he will not be able to answer this
question,” Steiner said. “Instead, asking him whether or not
he wants to reduce his emissions would be much easier.
Figures by themselves do not trigger emotions – their impact
does. If you can show a client, for example, the effect that
reallocating certain investments to more environmentally
friendly ones can have, he will be extremely grateful.
That is why we support banks and wealth managers in
incorporating ESG criteria into advisory processes, portfolio
construction and analysis, and reporting in a client- and
adviser-friendly way.” aixigo now provides wealth firms with
the tools to make sense of their ESG data and use it across
their operations.

Why ESG is important for wealth managers
Wealth managers are increasingly engaging with ESG. Part
of this is due to the rising level of regulation around the
world. One of the most recent ESG-related legislations was
an update to the EU directive MiFID II. This change means
asset managers will need to include sustainability factors,

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

risks and preferences into suitability. These new regulations
are cropping up around the world.
Wealth managers shouldn’t just engage with ESG out of
necessity. Steiner said, “Of course, ESG is also a regulatory
topic, but first and foremost, it is a significant behavioural
trend, not only for the younger generations.”
There is a big opportunity in the ESG market. A report from
Bloomberg claims that ESG assets could be worth $53trn by
2025. Consumers are increasingly looking to change their
lives to be more eco-friendly. A big part of this is investing
sustainably. Oxford Risk recently found that 50% of retail
investors plan to shift funds into ESG-positive investments
in 2022.
Steiner added, “People like to invest in matters of the heart;
they want to see how they, as individuals, can contribute to
causes that are important to them. This kind of investment
behaviour was reserved for very wealthy individuals until
a few years ago. Today, we have the tools to empower
everyone to invest value-oriented and to see tangible
outcomes from their investments, not only in terms of
growing wealth.
“Hyper-personalisation is something we are already used
to in other industries, and we also expect it from our wealth
managers. If we are unwilling to lose clients to providers
who have been faster to adapt, we need to offer this to
clients.”
With there being a clear need for wealth managers to
engage with ESG, many have already taken steps to
implement processes. However, there are often challenges
and mistakes made along the way. One of the biggest
mistakes Steiner has seen wealth managers make with
ESG is overestimating the complexity of data that clients
can digest as well as underestimating the importance
of authenticity. Steiner added, “Offering ESG-compliant
services while ignoring the bank’s own environmental, social
and governance footprint simply doesn’t work in the long
run.”

Radicant joins the mission
In March 2022, aixigo formed a partnership with radicant,
a a digital bank with a strong focus on sustainability.
radicant’s mission is to promote sustainable finance and
democratise personalised financial services. Through the
deal, radicant will leverage the cloud-based aixigo:BLOXX
Wealth Management Platform for its portfolio management
and investment advisory services.
Speaking about the partnership, Steiner said, “radicant is
a digital bank with a strong focus on sustainability. It has
built its offering around the UN’s Sustainable Development
Goals, allowing its clients the opportunity to directly
support specific purposes with their investments and see
their impact grow. The collaboration aims to prove that
sustainable investing is more than just important. It’s also
easy and fun.

The aixigo:BLOXX Wealth Management Platform will also
enable one of radicant’s core services in the near future.
Through the partnership, radicant edges closer to its
mission of offering unique sustainable and digital wealth
management services to clients.
What made aixigo the perfect partner for radicant? Steiner
said, “Apart from supporting their investment approach and
the service experience they aimed to provide to their clients,
the technological edge of aixigo’s wealth management
platform was the key selection criterion. Looking for a
modular, flexible, yet proven investment infrastructure with
rapid availability and high speed in data processing, the
aixigo:BLOXX platform was the perfect fit – it meets these
requirements better than any other platform.”

Why work with aixigo?
The need for ESG and sustainability investing will only
increase over the years. With the rising demand, there will
be a large offering in the market.
As to what makes aixigo the best solution, Steiner
concluded, “We have developed a very client-focused
approach to capturing ESG preferences, as well as a
highly robust way of including ESG data into our wealth
management engine. For the bank, this assures compliance
with regulatory requirements, but, more importantly, it
brings benefits to the end client. ESG data comes in various
formats: absolute, binary, and percentage.

“We ensure that all these
data are included in portfolio
calculations in a reliable and
regulatory-compliant way.
Subsequently, the end client
benefits from being able to
see the actual impact of his
portfolio and from greater
individualisation. By doing so,
our well-designed engine and
processes even uniquely support
another key market trend:
the Segment of One or hyperpersonalisation.”

“The use case of radicant shows that the aixigo:BLOXX
Wealth Management Platform, with its built-in ESG
capabilities, supports a wide variety of business cases and
even enables hyper-personalised investment experiences
– which is especially valuable for a digital bank such as
radicant.”

© 2022 FinTech Global and Investor Networks Ltd

The aixigo:BLOXX Wealth
Management Platform
brings ESG to the wealth management sector
Figures by themselves do not trigger emotions – impact does.
That is why we support banks and wealth managers in incorporating
ESG criteria into advisory processes, portfolio construction and analysis,
and reporting in a client- and adviser-friendly way.

Learn more about our solutions by visiting aixigo.com or contact solutions@aixigo.com.

13

ESGFINTECH100 Profiles

Founded 2018

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Investing Products/Data, Green bond, tokenisation,
application of blockchain for climate data
Regions of operations: Global

Built on its team’s decades of experience in environmental and capital markets, Allinfra’s software is revolutionising
the climate market. Allinfra Climate is a sustainability data management software that helps institutions achieve their
sustainability goals. Collecting climate-relevant information from source, this end-to-end solution allows users to
store, use or monetise verifiable, auditable data. Together with its asset tokenization platform Allinfra Digital, Allinfra is
bringing access, choice and liquidity to global infrastructure and environmental assets.

Founded 2004

Employees: 1,001-5,000

Segments of Financial Services: Financial Crime Compliance
Regions of operations: United States, Canada, United
Kingdom, Hong Kong, Germany, Poland, India, Bulgaria, Brazil

AML RightSource is a technology-enabled managed services firm focused on fighting financial crime for financial
institutions, FinTechs, money service businesses, and corporations around the globe. By integrating AI, allowing
technology to simulate human intelligence; and intelligence amplification (IA), augmenting human intelligence
with technology, the company seamlessly blends human and machine intelligence to optimize financial crime risk
management and regulatory compliance. The industry experts at AML RightSource devise solutions that combine highly
trained analysts with state-of-the-art technology to cut compliance costs, lower risk, and increase productivity, and most
importantly, identify money flows that support criminal and terrorist operations. Recognized by the AIFinTech 100, the
AML RightSource QuantaVerse Platform leverages AI and machine learning to automate three components of AML
compliance – reducing false positives, automating AML investigations, and identifying risk that is regularly missed by a
TMS.

Founded 2011

Employees: 11-50

Segments of Financial Services: Corporate Assessment &
Reporting
Regions of operations: Africas (South Africa), Asia-Pacific
(Australia, New Zealand, Hong Kong & Singapore), EMEA
(United Kingdom) and Americas (Canada & United States)

Arctic Intelligence is a global RegTech firm that has developed enterprise risk assessment software enabling regulated
businesses to better assess, document and manage their financial crime risks. Trusted by over 200 clients globally,
Arctic Intelligence solutions are cost-effective and multi-jurisdictional allowing businesses regardless of their size or
complexity to carry out their financial crime risk assessment and manage vulnerabilities consistently across their entire
organisation.

© 2022 FinTech Global and Investor Networks Ltd

Dealing
with cyber risks
isn’t your area of
expertise?
That’s ok,
it’s ours.

At KYND we demystify the world of cyber
risk management. Our next-generation
technology makes the complex simple
and helps keep investments ahead of
cyber threats and at the heart of ESG
governance.
See how we remove the cyber complexity
at www.kynd.io.

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15

ESGFINTECH100 Profiles

Founded 2020

Employees: 1-10

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, Investing Products/Data
Regions of operations: United States

Arnie is the first personalized 401k built like a brokerage account. Buy and sell stocks directly and divest from issues
like fossil fuels, while investing in values like equal pay. We build adaptive, resilient portfolios that can withstand (and
even benefit from) market turmoil. Your 401k should react as fast as the market changes, and with Arnie it will. Most
traditional models only update annually, so you’re stuck with whatever’s in them even if it’s not doing well. It takes
a 100% gain to make up for a 50% loss, which is why we focus on protecting the downside to harness the power of
compounding returns.

Founded 2013

Employees: 251-500

Segments of Financial Services: Corporate Assessment
& Reporting, ESG Intelligence & Data Analysis, Investing
Products/Data, Banking Products/Data
Regions of operations: Global

Aspiration is the leading platform to help people and businesses put automated sustainable impact into their hands
and integrate it into their daily lives. Founded in 2013, Aspiration has earned the trust of its more than seven million
members by helping them spend, save, shop, and invest in both “Do Well” and “Do Good.” The need to fight climate
change has never been more urgent, as we have seen by the record breaking extreme weather events and melting
glaciers over this past year. In the face of these headlines, Aspiration is working to bring climate change fighting actions
to individuals and businesses around the world. Through sustainability services for enterprises and financial services for
consumers, Aspiration supports a multinational reforestation program, with the goal to plant one billion trees by 2030.

Founded 2021

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Regulatory Change Management
Regions of operations: Germany, United Kingdom, United
States

Atlas Metrics GmbH is an ESG accounting technology company headquartered in Berlin and founded in 2021. Its
product supports companies and financial institutions to collect, manage, and report environmental, social, and
governance data in full compliance with the world’s leading ESG standards. Atlas is serving organisations in a variety of
industries, including banking, insurance, manufacturing, venture capital, logistics and electronics.

© 2022 FinTech Global and Investor Networks Ltd

16

ESGFINTECH100 Profiles

Founded 2016

Employees: 11-50

Segments of Financial Services: ESG Intelligence & Data
Analysis, Investing Products/Data
Regions of operations: Europe and Asia

Axyon AI is an Italian FinTech company on a mission to bring AI-powered predictive value to investment management.
Its leading solutions include AI-based strategies and predictive asset performance rankings readily available on its web
AI platform Axyon IRIS®. Since its foundation, Axyon AI has been consolidating its position as one of the top service
providers in AI and deep learning solutions for investment firms. Today, the company focuses on delivering AI-powered
market insights and investment strategies to asset managers and trading desks and works both in traditional and
decentralised finance. With headquarters based in Modena, in the North of Italy, and a commercial presence in London
and Milan, its talented team shares a unique passion for technology and a commitment to developing advanced asset
management and trading AI solutions.

Founded 2015

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis
Regions of operations: United States, United Kingdom,
Germany, Australia

bondIT combines innovative portfolio construction technology with AI-driven credit analytics to bring efficiency,
performance and scale to your fixed income investment processes. bondIT applies cutting-edge AI and other advanced
technology to fixed income markets. bondIT empower asset & wealth managers with a wide range of customisable
tools to build, manage and monitor their portfolios. bondIT helps clients automate crucial parts of their Fixed Income
investment processes — so they can manage more accounts and strategies, improve outcomes and deliver bespoke
solutions with the highest degrees of efficiency.

Founded 2012

Employees: 251-500

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, Supply Chain Screening, Investing
Products/Data, Banking Products/Data
Regions of operations: bunq is currently available in 30+
European markets

bunq was founded in 2012 by serial entrepreneur Ali Niknam (1981) after he secured the first European banking
permitin over 35 years. He set out to radically change the traditional banking industry and was bunq’s sole investor until
2021, financing the company with €98.7m of his own money. This provided bunq with the freedom and independence
to build a bank rooted in the wants and needs of its users. By the end of 2021 user deposits at bunq surpassed €1.1bn,
having doubled in 2019 and then again in 2020. In July 2021 bunq announced the largest series A round ever secured
by a European FinTech. bunq raised €193m in a deal with British private equity firm Pollen Street Capital,valuing bunq at
approximately €1.6bn. At the same time, bunq also reported its first-ever profitable month.

© 2022 FinTech Global and Investor Networks Ltd

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18

ESGFINTECH100 Profiles

Founded 2015

Employees: 101-250

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis
Regions of operations: Cervest is a remote-first company
with executive offices in the United Kingdom. and the
United States
Cervest is the climate intelligence company putting climate at the core of every decision. EarthScan, from Cervest,
provides science-backed, AI-driven climate intelligence enabling users to discover, quantify and share climate risks on
assets they own, manage or rely on. Bringing together earth science, data modeling, and machine learning expertise,
EarthScan provides critical analysis and insight into the probabilistic likelihood of climate shocks and stresses such
as flooding, heatwaves, and drought. EarthScan gives granular insights across multiple risks and emissions scenarios
simultaneously – going back to 1970 and looking ahead to 2100 – enabling users to baseline, monitor and forecast risk
across their entire portfolio. This produces a complete picture of climate risk to inform risk mitigation and resiliency
plans to protect the top and bottom line. EarthScan is cloud-based with on-demand insights available so users can
explore their climate risks, make informed decisions, and add science-based insights into their climate-related financial
reporting.
Founded 2017

Employees: 51-100

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Supply Chain Screening, Investing Products/Data, Regulatory
Change Management
Regions of operations: Global

Circulor provides the most complete and mature solution to this pressing global problem by enabling companies to
gain visibility into their supply chains to demonstrate responsible sourcing, improve their ESG performance, reduce
Greenhouse Gas (GHG) emissions and manage the supply chain risks. Circulor is a global business with growing teams
based in EMEA, NA, and APAC, collaborating with clients worldwide to achieve their ESG ambitions.

Founded 2020

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk
Regions of operations: Global

Climate X is an award winning global climate risk data analytics provider. They help firms analyse the impact of climate
change across both physical and transition risks using their powerful online platform, Spectra™ or via API. Their
solutions enable climate risk to be implemented enterprise-wide, use cases including: originations/due diligence,
portfolio management, ICAAP and stress testing/scenario analysis, climate disclosures including TCFD, GRESB, CDP,
annual reports and sustainability disclosures. Climate X are already trusted by leading financial institutions, Tier 1
consulting firms such as Deloitte, global real estate/asset managers, trade bodies/policy setters such as UK Finance,
Building Societies Association, Association of British Insurers and many more.
Visit www.climate-x.com to access Spectra™ for free.

© 2022 FinTech Global and Investor Networks Ltd

REGION: GLOBAL | SECTOR: ESG

COMPANY
RESEARCH
PROFILE
Founded 2017
New York, United States
www.clarity.ai
solutions@clarity.ai
Employees: 101-250
Regions of operation: North
America, EMEA, Middle East

KEY EMPLOYEES:
Rebeca Minguela
CEO/Founder
Patricia Pina
Head of Product Research
and Innovation
Angel Agudo
VP Product

Segments of Financial Services: ESG/Climate Risk, Corporate Assessment & Reporting, ESG Intelligence & Data

Analysis, Investing Products/Data

OFFERING
Clarity AI is breaking the status quo of
current sustainability data strategies
by leveraging advanced technology to
remove human biases, fill in data gaps
and expand coverage faster and more
efficiently than any team of sustainability
analysts could.
As of June 2022, Clarity AI’s platform
analyses more than 30,000 companies,
280,000 funds, 198 countries and 187
local governments, and delivers data and
analytics for investing, corporate research
and reporting.

PROBLEM BEING SOLVED
Clarity AI was founded in 2017 with a
singular mission, to allow anyone to chart
a path to a more sustainable world. By
providing broader coverage and deeper,
more transparent and granular data than
any other sustainability tech platform,
Clarity AI creates the opportunity to
pause, to reflect, to check and to ensure
dollars are aligned with intended
purpose(s).
Sustainability measurement has been
flush with biases, inaccuracies and
incomplete data. Tracking and measuring
progress for a more sustainable future
is a complex, multi-dimensional, crossborder task.

TECHNOLOGY
Clarity AI have powerful, scalable AI at
the core of the company’s product. The
company leverages Machine Learning to
analyse more than 2 million data points
bi-weekly, perform reliability checks
and run estimation models at scale.
Clarity AI use NLP to analyse hundreds
of thousands of news articles daily. This
all results in a reliable, transparent,
and unique data sets that provides
extensive market-leading coverage on
30,000+ companies, 280,000+ funds, 198
countries, and 188 local governments.
This level of coverage is 2-3 times more
than other players.

PRODUCT DESCRIPTION
Clarity AI empowers their clients to efficiently and confidently assess, analyse and report on anything valuable to their organizations
and their end clients, related to sustainability. The company’s products cover the four essential elements of sustainability; Risk, Impact,
Climate and Regulatory Compliance.
Clarity AI’s Risk products measure risk and potential enterprise value creation linked to sustainability via ESG Risk Assessment,
Corporate Controversies, and Exposure Screens.
Clarity AI’s Impact products measure the external impact on people and the planet via UN SDGs scoring, Real-world Impact Insights,
and ESG Impact Assessments.
Clarity AI’s Climate products clarify your carbon emissions and footprint, your alignment to The Paris Agreement, and your TCFD
alignment.
Finally, Clarity AI’s Regulatory Compliance products power crystal clear, easy assessment, analysis and reporting for SFDR and EU
Taxonomy.

TRACTION/GROWTH
• Clarity AI have 20+ established business partners but BlackRock is currently the company’s broadest and largest partnership. In
addition to being the preferred sustainability data provider in Aladdin Clarity AI are also their SFDR enterprise reporting partner.
• Clarity AI has raised $80.3m in total and their latest Venture round took place in December 2021 raising $50m.
This document is being provided for information purposes only. It is not designed to be taken as advice or a recommendation for any specific investment or strategy decisions.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

How Clarity AI is charting a path to a more
sustainable future
Clarity AI’s platform leverages machine learning to deliver
environmental and social insights to investors and organisations. By
providing broad coverage and deep, transparent and granular data
Clarity AI creates a “forced pause” in which decisions can be made
with data-driven and unbiased information, thereby increasing users’
confidence that their decisions have the intended impact.
metrics that are needed. Moreover, some data may not be
reliable or there may be concerns about how complete or
accurate it may be. As it currently stands, there is a lack of
uniformity across the industry, and this make reliability and
comparability harder for investors and asset managers to
assess their investments and portfolios.
The good news is that technology, data science and machine
learning techniques can help build estimation models that
can fill in these data gaps by estimating the pieces that are
missing.
Clarity AI explained that these estimation models use
reliability algorithms.
A key element of addressing ESG data gaps and overcoming
data limitations is increasing transparency. One of the main
criticisms in the space is that sustainability and ESG data is
not fully understood and there is not enough information
and transparency about ratings, scores and analytics.
Increasing transparency is a key component.
CEO, Rebeca Minguela, said “To create that more
sustainable world we need to leverage technology.” Tracking
and measuring the progress to a more sustainable future
is a complex, multidimensional cross- border task. The
status quo was inefficient and biased. At Clarity AI, the team
champions the power of technology as the best route to
creating a viable solution that is unbiased, wholly scientific
Sustainability cannot be viewed as relating to the
environment only. Impact goes beyond the planet and must
relate to the people on that planet as well. Those people
work towards a more sustainable future in a clearer, more
structured way with the right governance frameworks in
place and with the ability to track and measure progress
against those frameworks.

As part of this overall mission, Clarity AI also works to make
sustainability data available where and when it is needed.

“We truly believe in bringing
data and capabilities to users
where they need it, when they
need it, through seamless
integration into existing daily
workflows.”

Addressing data gaps
According to Clarity AI, many companies don’t report ESG
data, and even those that do won’t necessarily report all the

The company’s client asset managers and the investment
community already have tools, platforms and technologies

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

that they use in their investment processes, but instead of
introducing additional methods alongside these, Clarity AI
advocates for a more integrated, holistic approach.
Clarity AI truly believes that what the industry needs is to
integrate sustainability into these existing platforms so that
when they are going through the investment process and
making investment decisions, they have the sustainability
information readily available.
Technology is a critical component, in minimising human
biases. It has been proven analysts do have biases, but
technology does not.

“We use different data collection
techniques [to others in the
market]. This enables us to use
many more sources, including
company reported data, as well
as third-party data.”

Natural language processing
Minguela said Clarity AI’s offering differs to others in the
market because it has the ability to leverage technology to
process larger volumes of data from many different sources
quickly and make that data available to asset managers in
real time.

Customisable to specific needs
Clarity AI serves a client network that manages more than
$30trn in assets under management (AUM). It has recruited
various global investors on its mission to bring societal
impact to markets. These include BlackRock, Deutsche
Borse, PGIM, Ninety One and Invesco. The company also
works in tandem with platforms such as Clearstream,
Allfunds, Aladdin and Simcorp.

One such technique is natural language processing,
(NLP) models. Clarity AI built scores using a global news
monitoring service as its main source of data, which
provides the company with access to a universe of more
than 8,500 media publishers that cover 200 countries, with
more than 100,000 new articles added per day from more
than 33,000 sources. This amounts to approximately 70
million articles.

Minguela highlighted that Clarity AI’s customisable
technology platform can be used as a whole or “sliced”
and tailored in any way. “We can be fully integrated to your
workflow, built-in via seamless API/widget integration or via
easy access to an off-the-shelf web app.”
Different products are available for different use cases.
We have a value investment product for wealth managers,
an ESG risk model for asset managers, and an SEE model
for those interested in impact. By having clarity about the
client’s needs, the company can build a product that can
address those needs and fully solve the use case end to end.

© 2022 FinTech Global and Investor Networks Ltd

Sourcing sustainability
data and scores?
Eliminate bias and get more
coverage and scale.

Our coverage of sustainability metrics
is 2-3x that of other players,
with more than:

300,000
funds

50,000

companies

Learn more at www.clarity.ai or contact us directly at solutions@clarity.ai
New York | London | Madrid | Abu Dhabi

23

ESGFINTECH100 Profiles

Founded 2021

Employees: 1-10

Segments of Financial Services: ESG Intelligence & Data
Analysis, Regulatory Change Management
Regions of operations: Germany

Codio Impact is an ESG management platform that centralizes and simplifies ESG data for reporting, auditing and
regulatory compliance purposes.The intuitive design of the platform lets companies enter their sustainability data
against a set questionnaire.The intuitive design of the platform lets various stakeholders in the company enter their
sustainability data against a set questionnaire, with a vision for more automatization in data collection process. The
currently existing questionnaire is designed keeping in mind all the leading regulatory frameworks including GRI, LkSG,
CDP, SDG, TCFD and others, which allows companies to obtain most value from a singular data input.

Founded 2018

Employees: 11-50

Segments of Financial Services: Corporate Assessment &
Reporting
Regions of operations: Australia, Singapore, United
Kingdom, United States

Cognitive View is a transformative RegTech that automates conduct risk. Cognitive View was founded with the belief that
to make an impact on the widespread misconduct problem, there is an opportunity to leverage artificial intelligence
with deep domain expertise in regulatory compliance to provide regulated entities, regardless of their size, sector, or
geographic location with the necessary tools to create a customer-centric culture and help prevent conduct-related
issues

Founded 2016

Employees: 51-100

Segments of Financial Services: Banking Products/Data,
Carbon Management
Regions of operations: United Kingdom New Zealand,
Australia, The Netherlands, Japan, Singapore, Hungary

Cogo is a fast growing global community of engaged people, combining our expertise and passion to create positive
change in the world. Aligned with Cogo’s values and mission, the company believes the purchasing power of consumers
can transform the way businesses operate and have a significant impact addressing the climate crisis. Cogo works
with seven banks, including Commbank (Australia), NatWest (UK) and ING (Netherlands) and currently helps over a
million customers around the world track their carbon footprint. Originally founded in New Zealand in 2016, Cogo now
employs over 100 people and operates in 12 countries across Europe and Asia-Pacific, including, the United Kingdom,
New Zealand,Australia, Japan, and Singapore. Cogo has raised over US$10m in funding since launch.

© 2022 FinTech Global and Investor Networks Ltd

25

ESGFINTECH100 Profiles

Founded 2008

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, Offsetting
Analytics & Marketplaces
Regions of operations: Australia, Europe, United Kingdom,
India, Asia, United States

CTX Global is a carbon offset exchange, with electronic connections to all the mayor registries and a set of tools to lower
the risk of the transaction We understand offsetting is a last resort and every effort should be to reduce emissions
businesses and industries, but if you need to offset, we ensure you have the world’s most responsible options available.

Founded 2019

Employees: 11-50

Segments of Financial Services: ESG Intelligence & Data
Analysis, Offsetting Analytics & Marketplaces, Supply Chain
Screening
Regions of operations: Spain, Portugal, Italy, France, United
Kingdom, Germany.

Dcycle is the platform for managing sustainability in the easiest and most intelligent way. Automating from the data
gathering up to the communications, Dcycle is solving the challenge of making it possible for the majority of companies
to gain control of their emissions and sustainability.

Founded 2016

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis, Offsetting Analytics &
Marketplaces, Banking Products/Data
Regions of operations: Operating in over 50 markets globally

Deedster is an impact-driven FinTech that enables the shift to a more sustainable future by developing tools and
technical solutions that engage customers and employees in taking climate action. Founded in 2016, Deedster
snowballed, and today Deedster works with some of the world’s biggest banks and brands, reaching millions of
consumers and employees across 50 markets in 19 languages. With their SaaS solution, Deedster Retail, Deedster puts
climate impact and lifestyle choices in a personal consumption and savings context. With the Deedster tools in the bank
app, the customer can make informed and conscious decisions around their spending while establishing a meaningful
relationship with their bank. Who thought you could fight climate change through your bank app?

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

How Deedster is making ESG the champion
of growth
It was a big year for ESG in 2015 with the United Nations establishing
the Sustainable Development Goals and COP 21 seeing countries
coming together to sign the Paris Agreement. Monika Martinsson –
Deedster CPO and co-founder – was watching these debates and along
with Anders Åkerlund, Daniel Dellham and Niclas Persson set out to
create a new kind of company.
The Deedster the founders have created helps organisations
raise awareness of environmental questions among
customers and employees and create climate impact in a
fun and engaging manner. Its core products, Deedster Retail
and Deedster at Work, offer a transactional-based climate
footprint, quiz-based learnings and data-driven personalised
insights that reward customers and employees for engaging
in climate action.
Sweden is the most sustainable country in the world,
according to a report from Robecosam. The country is also
a leader in digitalisation and innovation. These factors have
helped the creation of Deedster, which is headquartered
in Stockholm, with the environment making it easy to try
ideas, access data, find talent and foster adoption. “It’s
been a perfect place to start this innovation.” One of the
benefits of having a market that is eager for innovation is
that companies request services. Martinsson explained that
one of the first solutions Deedster released was a result of
recommendations from several companies.

Open to adoption
It was a big year for ESG in 2015 with the United Nations
establishing the Sustainable Development Goals and COP
21 seeing countries coming together to sign the Paris
Agreement. Monika Martinsson – Deedster CPO and
co-founder – was watching these debates and along with
Anders Åkerlund, Daniel Dellham and Niclas Persson set out
to create a new kind of company.
Martinsson said, “I was at a point in my life where it was time
to do something else. And the climate issue has been really
close to my heart.” The company they wanted to build would
focus “equally on impact and profit.” She added, “Capitalism
has served certain people well, and other people not as well.
There’s a lot of existing energy in this system that we’re in,
so we’re trying to be in that system and change it to allow for
equality for impact and profits.”
Whilst this would be a big challenge, the founders saw
that the reach of technology, design and gamification
would allow them to build a powerful tool to transform the
financial system.

Despite 2015 being a big year for ESG developments,
financial institutions were not quite there yet. Martinsson
explained that when Deedster launched in 2016, they were
concerned no one would put two minutes into investigating
their carbon footprint. The team even whittled the app
calculator down to take just over a minute to ensure
attention spans didn’t fade. However, financial institutions
are much more eager to engage customers with ESG
nowadays, and they spend more time themselves engaging
with ESG-related data.
But the question is, what responsibility should financial
institutions have for engaging with ESG? According to
a report from IDEMIA, 92% of consumers think their
bank should actively contribute to preserving the planet.
Martinsson explained that it is everybody’s responsibility to
tackle climate change and do what they can. However, as
banks are at the heart of consumption, they are in a unique
position to take the lead.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

“This is actually a business opportunity for banks and we’re
surprised they haven’t taken the lead to the same extent
that they could, because the upside and opportunities are
so big. Especially for the front runners.” Martinsson warned
of consolidation in the market. She pointed to a forecast that
by 2035, Germany will have between 150 and 300 banks
– dropping from the current level of 1,600. If firms want to
survive, being ahead of the ESG curve is a priority.
The opportunities for banks are already there. A report
from Simon-Kucher & Partners found a third of people were
willing to pay a 27% premium on sustainability-focused
financial services.

Laggard to change
Despite the major role they can play in change, banks
are still investing heavily into fossil fuels. The Banking on
Climate Chaos 2021 report claims 60 of the world’s largest
banks have collectively invested $3.8trn into fossil fuels
between 2016 and 2020. Martinsson explained that this is
just a reflection of the current society. “As a society we’re
so focused on short-term gains and short-term economic
benefits. So, for the bank to move out of that, it requires a
lot. It’s been too tough for them to do that move without
legislation, as they would not be as profitable in the short
term.” Martinsson added that legislation is also a great
motivator for change. “When there’s this kind of in-or-out
policies, then they have to and will prioritize making that
happen.”

“When companies know that
legislation is coming, they
understand that the sector
will adapt and then it makes
business sense to do it first,
find the opportunities and
communicate around it.”
A major “systemic shift” is required to get people to focus
on ESG. One way of helping this is by clearly showing the
business opportunity and profits that can be made through
sustainability. Gen Z is going to be a major part of that
profit. “Gen Z are increasingly aware that their future is
endangered and can take cuts on short term profit in order
to have a life going forward.” This generation will inherit a
lot of wealth and they are going to put their money into a
bank that aligns with their viewpoints. For example, there
has been a rise of challenger banks aimed at people with
strong environmental priorities. One of these is Lunar who
is cleaning the ocean from plastic when users are in support
of the project and are using their payment card.

gamification and rewards for certain actions, such as saving
money. This could be tweaked to include ESG related factors
around a customer’s consumption and sustainability. Users
could be rewarded for changing their lifestyle or taking steps
to learn about impacts. This will help the bank improve
their brand respect but also accelerate the shift towards
sustainability. People trust their banks. If the bank can
provide them with clear information and recommendations
about change, people will be more susceptible to it.

Becoming a champion of growth
Deedster is helping banks prepare for the future and put
ESG as a champion of growth. Financial institutions need
to worry about legislation, how to attract and retain young
customers, how can customer engagement be boosted,
how can sustainability be communicated to customers,
how can banks increase personalization and much
more. Deedster works as that engagement layer. It gives
companies insights on climate data, provide them with a
tool for sustainability personalization but also helps them
understand their customer data and needs.
There is often a desire to do things in-house, but it is
makes more sense for banks to work with ESG providers
like Deedster. One of the most obvious boons is time to
market. Banks would need to spend years building an ESG
data platform and then have a new division to manage it.
Whereas a platform like Deedster can implement a personal
carbon manager within three months.
Deedster also make it engaging with gamification an “easy
and fun” tonality. For example, one of its products offers a
gamified service to employees, which educates them and
inspires them to earn rewards for positive change. The app
calculates their climate footprint, offers educational quizzes
and challenges. Martinsson added that these people then
feel empowered from changing their habits.
This positivity flows through Deedster. Martinsson stated
that clients are surprised by the heart-warming feedback
they get from customers and employees. She stated that “as
a customer, if the bank tells me to ‘Read this! It’s about the
climate issue and your consumption!’ I’ll think it’s probably
scary. But the people who have dared to lean in, they find
that it’s not scary to change a few behaviours, it’s easy and
fun.”
Feedback is often about how people have changed their
lives and realised that it is impossible to do everything right
but that doing something is all that matters.
Martinsson concluded, “We are trying to find the brave
banks who dare to talk about this issue in public, because
the fear of greenwashing is holding many of them back. The
brave frontrunners will also be the more profitable ones
going forward, they will have the most time to iterate strong
value propositions. We want to find them, partner with
them, and help them and the world to accelerate this shift.”

There are easy ways a bank can implement ESG-related
initiatives. For example, several banks are offering

© 2022 FinTech Global and Investor Networks Ltd

www.deedster.co
m
hello @deedster.com

Climate impact solutions
for banks, neobanks and financial institutions
As

an

impact-driven

FinTech

company,

we

enable the shift to a more sustainable future
by

developing

tools

and

technical

solutions

that engage retail customers and employees
in taking climate action.

Deedster for banks
The

financial

industry

will

play

a

major

role

in

fighting

climate

change. We assist banks and financial institutions in putting climate
impact

and

lifestyle

choices

in

a

personal

consumption

and

savings context. In other words, we enrich your customers’ daily
transactions

with

market-leading

climate

data

and

a

carbon

footprint tracker. And then we guide and empower consumers to

Our SaaS solution

act for the climate.

Our Deedster Retail solution offers world-leading data accuracy

Carbon Footprint Tracke

r

Data-driven Guidance and Action

s

Based on lifestyle and payment

Offer your customers personalized

transactions, your customers can see

suggestions on reducing their carbon

the carbon impact of each purchase,

footprint and introduce greener habits

calculate a carbon budget and trace

in their daily life based on their

carbon spending as effortlessly as they

consumption profile.

with national data and smar t functions. Deedster Retail’s data
security is on par with banks high standards and the flexible
integration can get your preferred solution into your market
in merely three months.

Deedster Retail is an innovative way of attracting new customers,

track financial spendings.

especially Gen Z and Millennials interested in sustainability. Its
gamified experience increases customer retention; introduces the

Learnings and Insight

s

Green Incentives and Reward
s

Create climate awareness and establish

Innovate your customer experience

a meaningful relationship to your

with the company’s gamification

customers through our climate quizzes

resources, micro-saving features,

and learnings.

cashback triggers, and green offerings.

banks green products and offerings while staying relevant to your
customers future needs.

Want to learn more? Book a demo with us.

Fast
ESG

facts:

Based

Intelligence

Products:

Deedster

in

&

Stockholm,

Data

Sweden

analysis

Retail,

Deedster

//
at

//

Operating

Millions
Work

//

deeds
Leading

in

done

50+

countries,

19

for

the

climate

partners

and

customers:

languages

since

start

//
//

Subsectors:
Niclas

Contovista/Finnova,

Banking

Persson

Tink,

SEB

product/data,

(CEO)
in

the

//

Monika

Baltics,

ESG/Climate

Martinsson
BNP

Paribas,

risk,

(CPO)

//

Radicant

Book a demo with us

case study

SEB in the Baltics & Deedster
Shaéing The £rontier of Sustainable Banking

Banks, centered in the heart of consumption, will
play a crucial role in the climate transition. One
bank taking the lead in the sustainability space is
SEB in the Baltics.
Sustainability has been one of SEB in the Baltics focal points for over a
decade. By addressing the increased concern about climate change
among their Baltic customers, these sustainability frontrunners any
the second-largest bank in the Baltics are revolutioni`ing the futurw
of banking in their markets.

The solution: Infusing Climate Action into
the banks’ offering
Taking the opportunity to create a meaningful relationship with
their customers while making a societal impact, SEB in the Baltics
partnered with Deedster to offer its long-term climate engagement
initiative to society.
The My Footprint 4 SEB app, a white-labeled carbon tracker
solution from Deedster, puts PFM in a climate context. It automatically calculates and offers the customers insights about the
carbon impact from their spending habits and suggests ways to
reduce it in a fun and gamified way.

Your choices.
Global changes.

About Deedste
r

We assist finance actors in participating in climate engagement.
Would you like to give back to your market and engage
consumers for a sustainable future too? Book a demo with us.

Their «ains: žioneering the £uture of
Digital Banking
Deedster’s technical solutions and the award-winning app have a
proven user adoption rate of an average of N=<. By partnering with
Deedster, SEB in the Baltics aims to increase customer engagement
and retention while attracting a fresh wave of customers interested
in sustainability. In merely 7= months, they went from an idea to
going live in 3 markets with a solution meeting the bank’s highsecurity standards.
Knowing that integrating sustainability into the banking offerings
is unavoidable to stay relevant in the market, SEB in the Baltics saP
the gap and took the chance to become the customers and the
society’s advisors, empowering climate action in their home marketsD

30

ESGFINTECH100 Profiles

Founded 2014

Employees: 101-250

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis
Regions of operations: France, United Kingdom, Germany,
Italy, Spain

Founded in 2014, Deepki has developed a SaaS solution that uses data intelligence to guide real estate players in
their net-zero transition. The solution leverages customer data to improve assets’ ESG (Environmental, Social and
Governance) performance and maximise asset value. Deepki operates in 39 countries, with 180 team members across
offices in Paris, London, Berlin, Milan and Madrid. The company serves clients including AEW, Primonial REIM, Generali
Real Estate, SwissLife Asset Managers and the French government, helping to make their real estate assets more
sustainable at scale. In March 2022 Deepki raised €150 million in a Series C round of funding which was jointly led by
Highland Europe and One Peak Partners. Other investors include Bpifrance, through their Large Venture fund, and
Revaia.

Founded 2018

Employees: 101-250

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis
Regions of operations: Europe, North America, Southeast
Asia, North Asia, Australia & New Zealand

Offering a new generation of technology-driven parametric insurance, Descartes collaborates with brokers to protect
their corporate and public sector clients against the full spectrum of natural catastrophes, extreme weather and
emerging risks. Descartes’ covers are uniquely designed to provide cost-effective and fully transparent products that
guarantee liquidity via swift and direct payout. Born out of the conviction that climate change calls for a revolutionary
approach to insurance, Descartes is structured as an MGA backed by a panel of tier-one risk carriers and can provide
$200 million in capacity per policy. Headquartered in Paris, Descartes Underwriting provides parametric solutions to
clients globally from its offices based in Singapore, Sydney, New York, Denver, Atlanta, London, Madrid and Hong Kong.

Founded 2001

Employees: 1,001-5,000

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis
Regions of operations: Diligent serves customers in 130+
countries around the world.

Diligent is the global leader in modern governance, providing SaaS solutions across governance, risk, compliance,
ESG, and audit. With more than 1 million users from over 25,000 organizations around the world, Diligent provide
leaders with technology, insights and confidence to drive greater impact and lead with purpose. By leveraging powerful
analytics, robotic process automation, and unparalleled industry data, Diligent set ourselves apart from the competition.
The company’s solutions provide board-level and C-suite leaders with relevant insights from across risk, compliance,
audit and ESG—all in one place. This single source of truth gives them a holistic view of their organization, the ability to
make better decisions, and a platform where they can securely and efficiently collaborate for better results. Because
Diligent serve some of the most demanding board members and executives in the world, Diligent are relentlessly
dedicated to clients.

© 2022 FinTech Global and Investor Networks Ltd

THE #1
CLIMATE DISCLOSURE &
CARBON MANAGEMENT
SOLUTION
Persefoni’s SaaS Platform enables companies
and financial institutions to easily meet
stakeholder and regulatory climate disclosure
requirements and requests.

persefoni.com

32

ESGFINTECH100 Profiles

Founded 2018

Employees: 51-100

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis
Regions of operations: Asia, North America, Europe

Doconomy provides leading impact data services for individuals and corporations to measure, educate, engage and
reduce environmental impact. Doconomy enable banks, FinTechs, brands, and manufacturers to provide their end
consumers with impact footprinted connected to consumption. Doconomy operate in 4 categories: transactions impact,
product impact, lifestyle impact, and corporate impact, allowing for calculations of impact associated with financial
transactions, product manufacturing and distribution, an individual’s lifestyle and personal choices, and a corporation’s
operations, respectively. Doconomy’s ecosystem is setting a global standardised language around how impact is
measured, and Doconomy is building additional services to help consumers and companies change behaviour to
reduce their impact and contribute financially to climate-friendly projects.

Founded 2014

Employees: 101-250

Segments of Financial Services: ESG Intelligence & Data
Analysis
Regions of operations: United States

dv01 is a leading capital markets FinTech driving technological innovation and loan-level transparency in structured
finance. The company establishes a data pipeline with loan data providers and wrangles the data into a universal format
for clients to easily analyse—all in one place. dv01 products tackle various aspects of the data reporting workflow—
from due diligence (consumer ABS and MBS datasets), to securitisations (monthly deal reporting), to performance
analysis. By making both loan-level data and analytics easily accessible, dv01 is promoting trust and transparency in the
market, and doing its part to prevent a repeat of the 2008 global financial crisis. To date, the dv01 platform boasts over
120 million loans, 900 securitizations, and $5 trillion in original balance across consumer unsecured, mortgage, small
business, student loan, point of sale, small business, solar, and auto.

Founded 2019

Employees: 11-50

Segments of Financial Services: Offsetting Analytics &
Marketplaces
Regions of operations: Global

EcoCart is a sustainability technology that enables businesses to calculate and offset the carbon emissions of their
operations and then encourages consumers to engage with them through transparent and authentic front-end
experiences. By vetting and partnering with various projects and organizations, such as forest protection and building
clean energy sources, EcoCart determines the amount of each carbon offsetting activity needed to counteract specific
amounts of carbon emissions and then matches the cost of doing so with each order’s amount of emissions. EcoCart
then empowers brands to leverage their offsetting initiatives into their customer experience through cart, landing page,
banner, and other on and off-site experiences. Sustainability is now a driving factor in consumers’ purchasing decisions.
That’s why 2000+ brands such as APL, Enfamil, Siete Foods, and Ancient Nutrition use EcoCart.

© 2022 FinTech Global and Investor Networks Ltd

33

ESGFINTECH100 Profiles

Founded 2019

Employees: 1-10

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Supply Chain Screening, Investing Products/Data, Banking
Products/Data
Regions of operations: Europe

Ecomate is an open-ESG Rating Agency and ESG SaaS platform: The first ESG all-in-one software suite that includes all
products needed to integrate sustainability in any business with easy language, true speed and no cost. Their selfservice offer is fully modular and can be composed of different products: data acquisition (through ready-made selfassessments, data-proxy or even creating a personalized rating with a RaaS – Rating As A Service), scoring improvement
through robo-advisory and sustainability reporting. Whether you want to use the platform for your own company or to
monitor others performance, their offer is a greatly scalable solution.

Founded 2007

Employees: 1,001-5,000

Segments of Financial Services: Corporate Assessment &
Reporting, ESG Intelligence & Data Analysis
Regions of operations: Global

EcoVadis provides holistic sustainability ratings service of companies, delivered via a global cloud-based SaaS platform.
The EcoVadis Rating covers a broad range of non-financial management systems including Environmental, Labor &
Human Rights, Ethics and Sustainable Procurement impacts. Each company is rated on the material issues as they
pertain to their company’s size, location and industry. These evidence-based assessments are refined into easy to
read scorecards, providing zero to one hundred (0-100) scores, and medals (bronze, silver, gold), when applicable.
Additionally, the scorecards provide guidance on strengths and improvement areas, which the rated companies may
use to focus their sustainability efforts and develop corrective action plans to improve their sustainability performance.
To drive global supply chain sustainability, large multinational corporations partner with EcoVadis, leveraging the
influence of spend as a “force for good” to push trading partners beyond compliance.

Founded 2010

Employees: 51-100

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Offsetting Analytics & Marketplaces, Supply Chain Screening,
Investing Products/Data, Banking Products/Data, Regulatory
Change Management, Carbon Management
Regions of operations: United States, United Kingdom, Ireland,
UAE (Dubai), Ukraine
Emex is a software and data company providing sustainability reporting for businesses across industries, including
Mining; Transportation & Logistics; Governments, Materials; Retail; and Energy. We’re here to enable high-quality
data that drives insights and action. Our solutions target the complex ecosystem of sustainability, including health &
safety, ESG impact reporting, carbon management, risk assessments, and third party screening and due diligence. Our
technology and people support clients with expert insight, and an agile platform designed to leverage high-quality data
to help measure, track, and drive meaningful progress. With more than 10 years in the business, we have over 100,000
users in 80+ countries using the platform in 30+ languages.
Our purpose: To ensure businesses achieve prosperity whilst protecting people and the planet.
Our role: To bridge the gap between our clients’ sustainability ambitions and their effective actions.
Who we serve: Those who understand sustainability isn’t an endpoint, but the endless pursuit of better.
What we stand for: Transparency.
© 2022 FinTech Global and Investor Networks Ltd

35

ESGFINTECH100 Profiles

Founded 2017

Employees: 1,001-5,000

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Offsetting Analytics & Marketplaces, Supply Chain Screening
Regions of operations: Europe, Latin America, North America,
Asia and Oceania

Enel X Global Retail is the Enel Group’s global business line active in the areas of energy supply and efficiency, with a
portfolio of products and energy services to encourage more independent and sustainable energy use. As a global
leader in the development of innovative solutions to support the energy transition, Enel X Global Retail provides
consumers, businesses and cities with a modular and integrated offer built around customer needs, promoting
electrification and digitalization as drivers for creating new value. Enel X Global Retail’s ecosystem of solutions is
customer-centered, using a platform business model that includes assets for the optimization and self-production
of energy, premium solutions for energy efficiency, and competitive and flexible energy offers. The goal is to help
customers develop their own energy roadmaps, assisting them from initial consulting all the way to the execution of
solutions.

Founded 2016

Employees: 101-250

Segments of Financial Services: ESG/Climate Risk, Offsetting
Analytics & Marketplaces, Banking Products/Data
Regions of operations: United Kingdom, EEA and Middleeast

Enfuce’s vision is to be the world’s number-one payments company for our customers, and the best workplace for
Enfuce’s employees. Sustainability has been one of the company’s core values since the foundation in 2016. We drive
environmental awareness and corporate responsibility in Enfuce’s products, Enfuce’s partnerships, and the way we
conduct everyday business. Sustainability is also a key value and driver for many of Enfuce’s customers and their
customers. We are a trusted card issuing and payment processing partner or many European financial institutions,
FinTechs, and growth companies. Enfuce has become one of Europe’s leading payment processors delivering cutting
edge debit, prepaid, and credit card solutions across Europe and scaling globally. Enfuce signed the Climate Pledge to
carry responsibility over the future of the planet and the generations to come.

Founded 2016

Employees: 51-100

Segments of Financial Services: Offsetting Analytics &
Marketplaces, Environmental certificates marketplace
Regions of operations: Austria, Belgium, Croatia, Czech
Republic, France, Germany, Greece, Hungary, Italy,
Luxembourg, Netherlands, Romania, Slovakia, Slovenia, Spain,
Switzerland, United Kingdom

enmacc is Europe’s largest digital OTC energy trading platform. We’ve risen to success by digitising the trading process,
removing problems that have handicapped traders for decades. enmacc’s members trade faster, more widely, and with
greater control. The heartstones of enmacc are empathy and expertise: enmacc was built by traders, for traders. And
enmacc’s customers love us. We’re trusted by over 430 companies, and host a network of almost 2000 traders from
various institutions — energy suppliers, industrial companies, energy trading houses and municipal utilities. Now, we’re
using enmacc elevation in the European market to accelerate the shift to clean energy. The next few months will see
environmental commodities, like guarantees of origin and carbon allowances, trading on enmacc platform architecture.

© 2022 FinTech Global and Investor Networks Ltd

36

ESGFINTECH100 Profiles

Founded 2018

Employees: 11-50

Segments of Financial Services: Corporate Assessment &
Reporting, Supply Chain Screening
Regions of operations: Singapore, Australia, Vietnam

ESGTech is a technology platform used by organisations to better manage their ESG data and performance, and
for capital providers to better understand their ESG risk across their portfolio. ESGTech believe that in the future,
all forms of capital distribution will include the efficient pricing of ESG risk and opportunities, driven by continuous
material disclosure. ESGTech’s platform consists of a series of tools and applications backed by a system of record and
evidence to collect, management and disclose material and actionable ESG data to enable better decisions for a better
tomorrow.

Founded 2021

Employees: 1-10

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis, Investing Products/Data
Regions of operations: United Kingdom. The app is available
worldwide.

Etcho’s mission is to make it easier for everyone to find & learn the true impact of investments. Etcho analyses
investment opportunities and portfolios alignment with the UN’s Sustainable Development Goals, tracks the carbon
footprint and offsetting requirements by; Interrogating a wide range of impact data to maximise reliability. Translating
impact data in a meaningful & visually appealing way. Integrating Etcho’s analysis and visualisations onto financial
services platforms. The Etcho product suite ultimately helps investors by visualising and communicating the impact of
their investments. Users can research, build, screen and benchmark a portfolio’s impact and communicate the results
in a way that’s easy to understand. Products include a free-to-use retail Mobile App, a research and comparison portal,
a portfolio reporting service and an API/Widget. Etcho dream of a world where sustainability information on investments
is as reliable and obtainable as financial fundamentals.

Founded 2015

Employees: 51-100

Segments of Financial Services: ESG Intelligence & Data
Analysis, Investing Products/Data, Banking Products/Data, ESG
compliant Onboarding Process
Regions of operations: DACH, Nordics, Spain, BeNELux

Awarded as one of the fastest growing companies in Germany, Fincite provides an investment suite covering a 360°
customer view, intelligent recommendations & portfolio management for Banks & Asset Managers. We build the world’s
first investment software that aggregates, analyses, and manages all financial assets of a customer. Based on Fincite’s
software; Banks, Asset Managers, Insurers and Advisors co-create innovative digital services for their customers.

© 2022 FinTech Global and Investor Networks Ltd

Your carbon
on-track

7

9

8

2

6
1
5
4
3

9 ways Sweep helps get
your financed emissions
on-track
1. Understand your impact

5. Influence your investees

Use CDP carbon data assessments to understand
where you’re starting from: Get a quick snapshot
of your emissions across Scope 1, 2, and 3 to
identify emission hotspots.

Keep engaging with your portfolio companies
and securely receive their footprint data for
much more accurate measurements.

2. Set science-based targets

6. Collaborate on reduction

Set a reduction target and roadmap to get there
– aligned with the latest and greatest sciencebased methodologies.

Bring investees and your own employees along
on our platform: Join forces with your portfolio
companies to implement initiatives and reduce
your collective carbon footprint.

3. Get regular feedback

7. Be on target

Get frequent and automated measurements to
constantly update your footprint and keep you
on-track.

See your hard work pay off: Use comprehensive
dashboards to monitor progress towards
reduction targets with your portfolio companies.

4. Add depth and precision

8. Make strategic contributions

Evolve and automate measurements to be more
detailed and accurate – giving you better insight
into your own emissions and those from your
portfolio companies.

Contribute to meaningful climate projects via our
carbon marketplace to make an impact outside
your company and investment portfolio.
9. Share your work
Generate audit-ready reports following the latest
regulations and frameworks and show you’re
leading the way in the green financial transition.

Your financed
emissions on-track
sweep.net

“Sweep offers a simple yet
powerful tool to measure any
company’s scope 1, 2 and 3
emissions and create reduction
trajectories based on their
operations and business model.
It’s the solution everybody’s
been missing to compute and
disclose Principal Adverse Impact
indicators, such as greenhouse
gas emissions and intensity. And
to comply with the Sustainable
Finance Disclosure Regulations.”
Lorraine Artur de La Villarmois
Head of Legal & ESG at 2050

38

ESGFINTECH100 Profiles

Founded 1996

Employees: 1,001-5,000

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis, Offsetting Analytics &
Marketplaces
Regions of operations: North America (United States and
Canada) offices in New York and Toronto, Ireland and United
Kingdom, South Africa, Europe (office in Madrid and Lodz
(Poland), APAC with offices in Singapore, Australia, South Africa
(Joburg)

First Derivative are recognised as the world’s largest dedicated capital markets consulting firm. First Derivative marry
technical expertise with deep capital markets domain knowledge and continue to expand the company’s services to
best support First Derivative clients worldwide. From working with 20 petabytes of market data, to designing event
processing for sub-millisecond actions; there is one common experience for all of First Derivative clients across all of
the company’s assignments – First Derivative deliver.

Founded 2019

Employees: 1-10

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Offsetting Analytics & Marketplaces, Investing Products/
Data, Banking Products/Data
Regions of operations: United States, Canada, Europe

Floodlight is a data platform for people seeking to understand investment with impact. The company clean and present
revealing, unique datasets principally to asset managers and investment professionals focused on aligning portfolios
and client needs with ESG and sustainability interests in mind. Floodlight’s transparent data folds easily into the megatrend that is ESG investing and goes beyond black-box scoring. Floodlight use scientific instruments only to reveal true
corporate behaviours (specifically around GHG Scope 1 & 2) and present the information in an unbiased, beautiful
format. Floodlight incorporate A.I., NLP, and geo-spatial data to provide Floodlight customers with the best data on the
market.

Founded 2019

Employees: 101-250

Segments of Financial Services: ESG/Climate Risk, Banking
Products/Data
Regions of operations: Italy

Flowe is a benefit organization, certified BCorp and Carbon Neutral. Flowe is the bank account that helps you manage
your finances while taking care of our planet. Its purpose is to empower people to live a meaningful, sustainable and
happy life in a world where individual BetterBeing translates into common good. Flowe believes that Better People
create a Better World. Flowe’s values are: 1. They love helping people thrive 2. They love saying what we think, but
most of all doing what we say 3. They love listening to diverse voices 4. They love exploring the unknown 5. They love
being game changers 6. They love making an impact.

© 2022 FinTech Global and Investor Networks Ltd

39

ESGFINTECH100 Profiles

Founded 2012

Employees: 51-100

Segments of Financial Services: XXXX
Regions of operations: Europe (France, Germany, UK,
Luxembourg), North America & Asia (via partnerships)

Fortia is a company founded in 2012 and based in Paris. The Company creates enterprise technology solutions able to
handle regulations of complex financial products and automate them into end-to-end operational processes. Fortia’s
solutions are used by all size organizations in the investment management industry to industrialize their compliance
and data-driven core processes. Use cases Fortia has solved include Reporting automation for ESG SFDR compliance,
Pre-Contractual Disclosure documents, EET Reports, Fund Investment Compliance, Investor Onboarding for Private
Equity funds, Trustee and Fiduciary Oversight automation. Fortia’s platforms 2OS and Innova provide capabilities to
ensure document analysis, Unstructured data transformation, Data aggregation, Workflow Automation and Reporting.
Fortia platforms are available in a SaaS mode and are based on its proprietary No-code architecture and AI as a service
framework.

Founded 2011

Employees: 101-250

Segments of Financial Services: ESG/Climate Risk
Regions of operations: We have offices in Canada, the
United States and the United Kingdom. We serve clients
worldwide.

Headquartered in Montreal, with an analytic and commercial team based in London, GHGSat, the world leader in
emissions monitoring from space, uses its own satellites and aircraft sensors to measure greenhouse gas emissions
directly from industrial sites, providing actionable insights to businesses, governments, and regulators. With the launch
of its demonstrator satellite in 2016, the constellation has since grown to 5 commercial methane monitoring satellites,
and 5 more are scheduled to launch in next year. Proprietary remote-sensing and patented technology power GHGSat’s
data services and enable strategic decision-making through monitoring and analytics with better accuracy, more
frequently, and at a fraction of the cost of other technologies.

Founded 2018

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis
Regions of operations: Based in Sweden (Targets are globally)

Green Assets Wallet connect sustainable capital allocation to real world economies by breaking down market barriers.
The company is a global leader in impact intelligence offering the debt capital market leading management, impact
reporting and asset allocation solutions to mobilize transition finance.

© 2022 FinTech Global and Investor Networks Ltd

REGION: GLOBAL | SECTOR: ESG

COMPANY
RESEARCH
PROFILE
Founded 2021

KEY EMPLOYEES:
Sebastien Kirk
Co-Founder

London, United Kingdom
www.gaia-lens.com
seb.kirk@gaia-lens.com

Gordon Tveito-Duncan
Co-Founder

Employees: 1-10
PRODUCT NAME:
GaiaLens

Regions of operation: UK, US and
Australia

Segments of Financial Services: ESG Intelligence & Data Analysis

OFFERING
Launched in 2021, GaiaLens is
already attracting business from
institutional investors wanting to
move beyond just environmental
reporting.
Critically and uniquely GaiaLens
focuses on the much more
challenging identification, collation
and interpretation of the social and
governance pillars which have until
recently attracted much less attention
but are equally important.
GaiaLens deliver service excellence by
collecting and analysing much more
data than other ESG data providers.
This is done in collaboration with
GaiaLens’ clients and often happens
as a result of being asked if relevant
information to their specific scheme
exists and whether it can be
aggregated.
What makes the company unique is
the way it uses technology to find this
information and turn it into data that
does not already exist in organised
data sets.

PROBLEM BEING SOLVED
Much of the focus within
ESG investing is currently on
environmental factors because
climate change is such a prominent
current issue, globally. Most of this
exists in organised data sets, such as
a company’s report and accounts or
environmental returns, which is why
many ESG providers focus on it.
To solve the subjective and black box
nature of ESG scores and ratings.
GaiaLens’ explainable scores are
designed for investors to know
exactly how they are made. GaiaLens’
transparency scores help with
greenwashing by knowing how much
data a company is reporting that they
should be.
GaiaLens also keeps up to date
with the ever changing regulatory
landscape. Here GaiaLens saves
clients time when it comes to
reporting and keeping up with
regulation. GaiaLens does this for
EU Taxonomy, SFDR, UN SDG’s and
TCFD.

TECHNOLOGY
GaiaLens uses cutting edge machine
learning (ML) for institutional scale,
environmental investing that is
also socially responsible (ESG).
GaiaLens are a group drawn from
elite academics (London University)
and Finance professionals. GaiaLens’
platform allows asset managers and
asset owners to invest in companies
with strong green credentials,
led by responsible individuals. It
allows investors to invest in socially
responsible, environmentally sound
companies while avoiding “greenwashers”. At a time when CO2
concentrations have reached over
400ppm in the atmosphere, almost
double pre-industrial levels, and
modern slavery has been identified
in the supply chains of major western
retailers, GaiaLens can unpick
the noise around these issues to
provide objective direction for major
investors. To do this GaiaLens has
customised and developed a number
of machine learning pipelines,
including natural language processing
(NLP) algorithms.

GaiaLens’ proprietary algorithms then
enable the company to aggregate a
massive volume of data to calculate
ESG scores.

PRODUCT DESCRIPTION
The platform has three proprietary tools for asset managers and pension fund trustees:
1) Portfolio reporting – Provides complete oversight of the portfolios’ ESG performance and flags areas requiring
potential engagement
This document is being provided for information purposes only. It is not designed to be taken as advice or a recommendation for any specific investment or strategy decisions.

© 2022 FinTech Global and Investor Networks Ltd

REGION: GLOBAL | SECTOR: ESG

COMPANY RESEARCH PROFILE

2) Investment screening – Enables identification of companies that conform or don’t to the criteria set by the fund.
E.g. this could identify all investments where there has been an issue with modern slavery or fraudulent behaviour of
management.
3) D
 eep-dive research – Provides a detailed ESG breakdown of a company schemes investment in, or are considering
investing in, including the real-time ESG score based on GaiaLens’ proprietary algorithm. Supplementary information
and industry insight.
Relevant ESG information and industry data sources are included on the platform so that users can keep abreast of
what’s happening in the UK and globally. E.g. it includes ESG-related news, latest insights on international regulatory
frameworks like the EU Taxonomy (and the implications), peer analysis and a violation tracker which displays any time a
company has caused an offence.

TRACTION/GROWTH
GaiaLens partners with leading global companies and works with many asset management firms, that include:
• GaiaLens partners with leading global companies, that include: ESG Enterprise – corporate ESG consultant, uses the

company’s data to help corporates improve ESG score and Sherpa Brokers – retail investment app in LatAm.

• GaiaLens’ has raised $2.5m in total funding.

MANAGEMENT BIO
Seb Kirk, CFA Co-Founder
Seb worked as a financial analyst at a boutique corporate finance firm for 5 years, where he specialised in facilitating
transactions in the sustainable and ethical food production industry. Seb holds a MSc (Distinction) in Data Science from
City, University of London, and a BSc (Hons) degree in Natural Sciences from the University of Newcastle. Seb is a CFA
Charter holder and a member of the CFA Institute and the CFA Society of the UK.
Gordon Tveito-Duncan, Co-Founder
Gordon is an experienced financial analyst having worked as an Equity Research Analyst at an investment bank covering
the Technology sector. He also has experience as a Data Science consultant. Gordon holds a MSc (Distinction) in Data
Science from City, University of London, and a BSc (Hons) degree in Economics from the University of Warwick.

This document is being provided for information purposes only. It is not designed to be taken as advice or a recommendation for any specific investment or strategy decisions.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

How GaiaLens is revolutionising the ESG
analytics space
Founded in 2021, GaiaLens is a FinTech that provides a data-driven,
transparent, and real-time ESG analytics platform to institutional
investors. The company claims it achieves this by combining cutting
edge technologies and the latest thinking in ESG investing.
main proprietary algorithm and means that our scores are
fully explainable and fully objective.”
The company also offers a deep-dive research tool that
gives investors to see the nuts and bolts of how a company
is doing in regard of ESG, as well as the sub themes
underneath and all the way to most granular level of data.
GaiaLens additionally offers a portfolio dashboard that is
aggregated for an investor to see how their portfolio is doing
and compare it with whatever benchmark index that they
use.
GaiaLens also has a powerful news engine that takes
hundreds of thousands of news articles each day and
processes, tags and collates them and displays them so that
users can see when news articles come and what issues
they deal with.
The inspiration behind the creation of Gaia Lens came
when Kirk and his co-founder – who both have financial
backgrounds – were doing master’s degrees in data
science. During this time, they researched ESG data and
listened to feedback from fund managers where they learnt
that existing ESG ratings providers’ approaches lacked
explainability and were subjective.
Kirk remarked, “We thought, well, the tools we’re learning
about – the AI and machine learning tools – could be used
to solve this problem, and this is where the inspiration came
from.”
GaiaLens has two main branches of its data. Firstly, the
structured data, which includes its scoring system and all
ESG metrics. The other side being the unstructured data,
which includes its comprehensive news aggregations and
scandal detections system. The combination of the two data
branches produce GaiaLens’ ESG platform.
The dashboard in comprised of three main dashboards
for investors. These three dashboards are; a stock level
overview for deep drive research, a portfolio analytic tool
and a screening tool to help combine ESG and financial
metrics in portfolio construction.
Kirk explained, “The structured data is our scoring system,
which aggregates a vast volume of data, all different data
sources to give you an overall ESG score. This is done by our

Ratings inconsistency
While the exposure and presence of ESG in the financial
market is skyrocketing, one of the biggest challenges being
faced by companies in the market is the inconsistency
between ratings providers. One of the many reasons why
this is the case is because it can be very difficult to measure
ESG performance.
Kirk remarked, “I think the answer to the reason why there
is inconsistency between ratings providers is because
there is a huge variety of different data when it comes the
underlying level of ESG. There is also a completely different
methodology between different ratings providers.
“You have to know what data goes into ESG – it is so broad,
you have got so many different issues going into one overall
score, and the method is to take all these inputs and take
them all the way to the top.
“Also, a lot of ESG providers have subjective decisions
within their ratings, which mean there is always going to be
inconsistencies because it’s based on one team’s opinion on
how a company is doing with ESG or its overall score.”
How can this issue be dealt with? On this, Kirk believes one
of the key routes ahead lies through taking a more objective
approach to ESG – which he believes GaiaLens is focusing
on.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

“With our product, the data does the talking – everything is
defined by the data. There is no bias put on by myself or any
of the people involved, it is just what the data says about
each individual theme all the way up to the top level. We give
users the ability to customise scores on the basis of if they
think one theme is more important than others – but the
default is that it’s all driven by the data and the weightings
are defined by various points of the data and how much
data disclosure there is.

ESG, such as SFDR taxonomy and TCFD, stating, “Trying
to understand all of these and then adapt our datasets to
them, so that it makes reporting easier and saves time.

“That is one side, but the other side is just more disclosure
of methodology and the methodology to be made readily
available and easily digestible, as a lot of methodology
documents are extremely complicated, and is not giving the
user the full disclosure of the whole picture.”

In an industry where trends are constantly shifting with
new developments in ESG regulation worldwide, it is key for
companies in the market to have a finger on the pulse. In
the area of ESG data, what stands out as key trends?

Transparency issues
Alongside the key challenges faced by ESG ratings
inconsistencies is issues surrounding the lack of
transparency behind ESG ratings.
Kirk remarked, “There’s a lack of transparency of
methodology and whether the providers tell you everything
they’re doing. They give you these complicated methodology
documents, but some parts of them don’t actually state
what the process is. If it is subjective, is there a framework
that they’re using? Or are they making their decisions based
on what they know?”
On the other side, Kirk highlighted a technology on GaiaLens’
platform called transparency score. Based on the level of
disclosure of what data goes into a score, the company tries
to disaggregate the overall score, and how much data there
is, into two different things.
He explained, “You have a transparency score and an ESG
score. The reason we did this is so you can see that, well, a
company is performing well at something, and it has a very
good coverage of its data sources – instead of it all being into
one score, where you can’t actually see which data is going
into it, if all of the data that is required was readily available.
A lot of providers impute or guesstimate raw values of data
if they’re not there, which we don’t think is correct. If the
data is there, use it. If not, don’t use it.

Top pain points
In an industry as complex and novel to some as ESG, there
are still key growing pain and particular pain points for
companies to abate across the board.
When it comes to GaiaLens, one of the key pain points Kirk
has identified is explainability. He remarked, “If companies
are getting a high score, it is important that it is very easy
to see why. Then you can see all the way down, and there
is no part of the scoring system that isn’t highlighted to
clearly state where the input is, what went into it and why
it was higher than others – this solves the pain point of not
knowing why a company gets a certain score.”

“We’re already doing this with many of our clients and we
are receiving great feedback that we’re just cutting hours out
of their time, which is obviously also solving a pain point.”

Key ESG trends

Kirk said, “I would say the biggest trends are more data
disclosure. For greenhouse gas emissions, the latest data is
from almost two years ago. So that is two years out of date,
and there is a big push at the moment to try and shorten
that gap so that we can get more real-time data.”
He noted that GaiaLens is currently working with companies
that carry out satellite mapping of emissions to bring
everything closer and have more up to date updates of what
is really going on in the company in the present.

Future plans
Going forward, what does Gaia Lens have planned? Kirk
cited the SFDR mandatory reporting continues to be rolled
out during 2023, with the company focused on making sure
that the firm is fully covered for that.
He added, “We’ve also tried to do some scenario analysis
within our scores. So, if these metrics change this year,
what would that look like? Scenario analysis with predictive
modelling is what I would say is something that is coming
over this next year.
GaiaLens is also planning to target asset owenrs with the
launch of a monitoring tool that is expected to come out
next year, which Kirk claims will ‘add another layer to the
business’.
“The social is particularly hard because, in nature, it is more
qualitative than quantitative. So, how good is your company
for the people within it and your customers? What metrics
can you use to evaluate and to make it easy to understand
apart from just employees telling you they either do or don’t
like working there?
“Coming up with tangible numbers behind this has been
challenging up to now, but now it’s become more that you
have ways of doing this, of knowing employee satisfaction
and other things like that.

The GaiaLens co-founder said that a second key pain point
would be handling all the different regulatory bodies of

© 2022 FinTech Global and Investor Networks Ltd

GaiaLens provides a data-driven,
transparent, and real-time ESG analytics
platform to institutional investors.
Unlocking the full potential of ESG data.

We aim to simplify ESG for investors
using technology. The GaiaLens platform
is comprised of a suite of tools to help
investors fulfil their ESG needs including
portfolio reporting, investment screening,
and deep-dive research capabilities.

www.gaia-lens.com

How GaiaLens solved an Asset Management
firm’s ESG challenges with one
single product
The Challenge
Before working with GaiaLens, the client (a mid-to-large
sized Asset Management firm with 250+ institutional
clients and $60bn AUM) was having big issues with their
ESG reporting. It would take more than seven hours
to report on SDFR for each of their 200+ Portfolios.
They also required a platform that combined realtime
ESG news and ESG scoring for public companies.
They needed to know where ESG scores were actually
coming from, because existing ESG providers only
offered black box scores with opaque methodologies.

The Solution
GaiaLens onboarded the client onto its state of the art
Analytics platform, where the client was able to upload
a portfolio and generate their SDFR reports within
minutes. The client could search for over 17,000 publicly
listed companies and view GaiaLens’ fully explainable
scores that go right down to the most granular level of
data. They could also see the overall portfolio score of

their uploaded portfolio versus a selected benchmark
instantaneously.
The client used the customised thematic screens on the
platform to track various ESG Topics (such as modern
slavery, climate transition, and diversity), where they
could view ESG factor level data and ESG news relevant
to the selected theme.

The Outcome
The firm have been very happy with our platform,
which has become a key part of their ESG workstream.
We’ve massively cut the time and resources required
for portfolio reporting and ESG benchmarking, enabling
them to complete their work with a click of a button.
They’ve managed to meet all of their ESG needs with
just one single product: GaiaLens

BOOK A DEMO
WWW.GAIA-LENS.COM

45

ESGFINTECH100 Profiles

Founded 2009

Employees: 51-100

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis, Investing Products/Data,
Regulatory Change Management
Regions of operations: GRESB operates in more than 60
countries across Europe, Asia, Oceania, Africa, North America,
and South America.

GRESB, the global ESG benchmark for real estate and infrastructure, is a mission-driven and industry-led organization
that provides actionable and transparent ESG data to financial markets. GRESB collect, validate, score, and benchmark
ESG data to provide business intelligence, engagement tools, and regulatory reporting solutions for investors, asset
managers, and the wider industry. Data is gathered through annual assessments, which are guided by what investors
and the industry consider to be material issues in the sustainability performance of real asset investments and are
aligned with international reporting frameworks. GRESB tools and reports can also help members comply with SFDR
and TCFD reporting requirements and help real estate members to better understand and respond to climate-related
transition risk.

Founded 2016

Employees: 101-250

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis, Regulatory Change Management
Regions of operations: Europe (France, United Kingdom,
Switzerland, Germany, and the Netherlands), North America
(Canada and United States)

impak is an impact analysis and rating agency based in Europe and Canada. Impact analysis goes beyond ESG. As a
fintech, impak combines technology and human augmented intelligence to provide the first 360-degree impact analysis
to the financial sector’s actors through qualitative and quantitative standardized impact data. impak’s methodology is
based (among others) on the international standards of the Impact Management Project (IMP) and the 17 Sustainable
Development Goals (SDGs) established by the UN while integrating double materiality. Moreover, thanks to more than
3 700 data collection points and his notation on 1000 points called the impak Score™, impak’s impact analyses are
comparable, reliable, and contextualized.

Founded 2017

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis
Regions of operations: Headquartered and operated out of the
United Kingdom serving clients globally

Insig AI is a group of technology and data focused people working to help the asset management community evolve
their investment due diligence, ESG research and risk management. Insig AI provide an integrated solution that adapts
to any client and which combines ESG expertise, data science and AI and cloud technology.

© 2022 FinTech Global and Investor Networks Ltd

46

ESGFINTECH100 Profiles

Founded 2016

Employees: 51-100

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Supply Chain Monitoring
Regions of operations: Europe, Asia, North America

IntegrityNext is a leading global solution for supply chain sustainability and compliance monitoring. IntegrityNext
enables companies to quickly and cost-effectively check their supplier base against sustainability-related regulations
(e.g. the German Supply Chain Act), standards (e.g. international human and labour rights), and voluntary commitments
(e.g. supply chain decarbonization / Net Zero). IntegrityNext helps its clients identify and manage ESG risks along the
value chain, reducing reputational and financial risks.

Founded 2017

Employees: 51-100

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis
Regions of operations: Global

Jupiter Intelligence is the global market, science, and technology leader in physical climate analytics for risk
management and resiliency planning. Jupiter’s analytics are used across private and public sectors: customers include
5% of the world’s largest enterprises, many in the Global 2000, and at least one of the world’s five largest firms in asset
management, banking, chemicals, insurance, minerals and mining, oil & gas, pharmaceuticals, power, and reinsurance—
as well as critical departments in the United States government and climate-change-vulnerable geographies around
the world. Jupiter’s enterprise-grade, best-in-science solutions—ClimateScore™ Global and ClimateScore Planning
suite— form the only global-to-street resolution climate analytics offering. ClimateScore Global quantifies climate risk
at portfolio scale, across the planet’s land surface, for all perils (flooding, wind, heat and cold, wildfire, drought, hail,
and precipitation), and over flexible time horizons and emissions scenarios. ClimateScore Planning delivers very-highresolution projections of peril-specific climate impacts on individual assets, facilities, and communities.

Founded 2016

Employees: 101-250

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis, Supply Chain Screening, Investing
Products/Data, Regulatory Change Management, Forestry,
agriculture, biodiversity, emissions of carbone and methane
Regions of operations: Our headquarters are in France and we
have subsidiaries in the United Kingdom, the United States, in
India and in Singapore.
Kayrros is a leader in geospatial analytics that provides accurate and timely data through atmospheric measurements
based on satellite detection and artificial intelligence. The Kayrros Platform merges all available data on a given
industrial asset to provide reliable, frequent, accurate, geo-referenced and time-stamped information on the state
of selected physical assets. In short, the data required for a sustainable future. Initially focused on the energy sector,
Kayrros has progressively developed new data analysis pipelines and increased the scope of its activities, leveraging on
its mastery of the carbon chain from fossil extraction to sequestration. Kayrros will play a key role in the fight against
global warming by developing solutions that contribute to independent and transparent reference measurements,
decision making concerning the optimization of industries in terms of their carbon footprint, and the adaptation of
infrastructures to ensure the resilience of territories and industrial sites to the impact of extreme climatic events.

© 2022 FinTech Global and Investor Networks Ltd

47

ESGFINTECH100 Profiles

Founded 2020

Employees: 1-10

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis
Regions of operations: United Kingdom and United States

Environmental, Social, and Governance (ESG) metrics are becoming increasingly important for businesses. As
companies and investors work towards more ambitious targets and ever-changing regulations, they are looking for
solutions to track ESG processes more effectively. KEY ESG makes ESG management easy. The company’s intuitive
software automates ESG processes and streamlines data gathering and reporting, allowing users to focus on what really
matters – value creation. The KEY ESG interface grows alongside your business, catering to a broad range of diverse ESG
needs and requirements and tracking metrics across individual companies as well as entire portfolios. With KEY ESG,
you set action plans, launch development initiatives, and improve your ESG standing. Whether you’ve been successfully
measuring ESG for years, or you’ve only just found out what ESG stands for, KEY ESG software provides the tools and
guidance you need to thrive at every level of ESG maturity.

Founded 2011

Employees: 11-50

Segments of Financial Services: ESG Intelligence & Data
Analysis
Regions of operations: Global

By distilling decades of research in the fields of quantitative analysis, behavioural economics, and portfolio management
into flexible APIs, Kidbrooke empowers banks, insurers and wealth managers to build next-generation digital and
physical customer experiences. Their core API platform, OutRank, allows the financial institutions to create engaging
and consistent customer and advisor journeys in a fraction of the time and cost that it would take to develop them from
scratch.

Founded 2012

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk
Regions of operations: United States

kWh Analytics is a leading provider of Climate Insurance for renewable energy assets. The company moves the trillions
of dollars of insurance capital to support climate-forward assets, starting with renewable energy. As the manager of
a proprietary database of over 300,000 operating solar facilities, kWh uses real-world project performance data and
decades of expertise to accurately price and underwrite unique risk transfer products on behalf of insurance partners.
The Solar Revenue Put production insurance protects against downside risk and unlocks preferred financing terms. The
kWh Property Insurance offers comprehensive coverage against physical loss. kWh has insured $3 billion of assets to
date.

© 2022 FinTech Global and Investor Networks Ltd

48

ESGFINTECH100 Profiles

Founded 2010

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Supply Chain Screening, Investing Products/Data, Banking
Products/Data, Regulatory Change Management, Due
Diligence
Regions of operations: United States, United Kingdom,
European Union, Singapore and Middle East
La Meer Inc. (www.lameerinc.com) is a premier US vendor of the GRACE Suite of cloud based web/tablet/mobile
solutions for Enterprise GRC, ITGRC, Vendor Risk, Compliance and Conduct Risk, Client Management for Reg BI, MiFID
and Consumer Duty Protection, AML, Trade Surveillance, SM&CR, ESG for Corporates and ESG due diligence. GRACE
is offered worldwide through the company’s partner networks in multiple jurisdictions. GRACE ESG for Corporates
helps manage Goals, Governance Committees, Impact and Materiality risk assessments, risk identification, Metrics
gathering on Climate Risk, Carbon, Social DEI – internal and Supply chain through periodic reporting, Key Risk Indicator
Monitoring, View Real time Dashboards, Initiate and monitor mitigation projects and tasks, as well as generate TCFD,
GRI, SFDR and other disclosures from the single source of truth. GRACE ESG Due Diligence helps fund managers gather
ESG information on their investment companies and monitor progress to meet to client’s objectives in their investment
portfolio.
Founded 2019

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis, Offsetting Analytics &
Marketplaces, Investing Products/Data, Regulatory Change
Management
Regions of operations: France, EMEA, APAC, AMER

A technology subsidiary of the BNP Paribas Group, Manaos powers an all-in-one platform that connects the traditional
information systems of institutional investors and asset management companies with carefully selected rating agencies
and fintechs to meet all their ESG-related use cases. As a double-sided platform, Manaos offers a data exchange
interface, where investors and asset managers can get a comprehensive view of their portfolios and dive deep into all
aspects of their investments. Building on this first layer, Manaos provides an open-architecture ESG marketplace, where
investors can plug their portfolio data to leading ESG data and service providers, and test their solutions with limited
engagement before choosing their service mix and extracting ESG-enriched portfolio data to the format that best meet
their use cases. Manaos offers scoring capabilities both at portfolio-level, and asset-level via 60+ apps to run analytics
across multiple frameworks such as ESG, SDGs, Biodiversity, Carbon footprint and Paris Alignment to SFDR, Taxomomy
and more.

Founded 2013

Employees: 101-250

Segments of Financial Services: ESG/Climate Risk
Regions of operations: Global

No organization better helps the real estate industry easily integrate ESG as a core business strategy than Measurabl.
Measurabl is the world’s most widely adopted ESG data management solution, empowering customers to measure,
manage, and report ESG data on over 13 billion square feet of real estate in 90 countries. For nearly 10 years,
Measurabl has helped the industry’s most innovative real estate companies optimize their ESG performance, assess
exposure to physical climate risk, act on decarbonization and sustainable finance opportunities, and monitor regulation
compliance. This is accomplished through automated data capture, on-demand reporting capabilities, and verified
service providers. Measurabl’s solution is best-in-class, allowing CRE leaders to harness the power of data to take
impactful actions to achieve ambitious ESG goals.

© 2022 FinTech Global and Investor Networks Ltd

REGION: GLOBAL | SECTOR: ESG

COMPANY
RESEARCH
PROFILE
Founded 2018
London, United Kingdom
www.kynd.io
info@kynd.io
Employees: 11-50

KEY EMPLOYEES:
Andy Thomas
CEO
Melanie Hayes
CMO & Co-founder

Regions of operation: United
Kingdom, Europe, United States

Segments of Financial Services: ESG Intelligence & Data Analysis

OFFERING
KYND’s pioneering tech provides
an unrivalled instant view of an
organisation’s cyber risks and
prioritises the red flags they need
to address to stay ahead of cyber
threats and incorporate cyber risk
management as part of their ESG
governance. Unlike many others out
there, it’s presented in a simple and
easy to understand format (forget
pages of reports or arbitrary scoring)
that you don’t need to be an IT guru
to decipher.

PROBLEM BEING SOLVED
The rise in cyber-attacks against
organisations present a huge risk to
the value of companies and ultimately
the stability of society. Companies are
increasingly being urged to manage
cybersecurity as part of their ESG
governance strategy rather than rely
on insurance.

TECHNOLOGY
KYND’s technology is built with one
purpose in mind: to stop cyber risks
from affecting businesses, as quickly
and simply as possible.
KYND makes assessing,
understanding, and managing cyber
risks easier and quicker than ever
before and provides a standard
framework for measuring cyber risk
and provides unrivalled technology
combined with expert advisory
services to mitigate and stay ahead of
risks with continual monitoring.

PRODUCT DESCRIPTION
KYND helps organisations stay ahead of cyber risks:
• Assess: Get up-to-date expert insight into a company’s cyber risk exposure from KYND’s tech that’s regularly scanning.
• Understand: Quickly identify cyber vulnerabilities with the company’s simple risk profile traffic light system
• Fix: For every cyber risk identified, KYND give you a jargon free rundown of how to deal with it.
KYND for Organisations:
These days, the risk of your business falling victim to a harmful cyber attack is high. With complex new threats emerging
daily, it’s no longer a matter of “if” but “when”.




Understand your cyber risk exposure
Receive support and advice to fix issues
Get alerts to new risks from continuous monitoring
Remove complexity and speed up analysis
Reduce cyber claims and pay-outs

TRACTION/GROWTH
• KYND currently have 5,000 Customers across 30 industries spanning the globe.

This document is being provided for information purposes only. It is not designed to be taken as advice or a recommendation for any specific investment or strategy decisions.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

How KYND is simplifying cyber risk to level
up governance strategies
Cybersecurity is becoming a core component of ESG. Cyber risk
management processes are being incorporated into governance
strategies and poor cybersecurity could result in deals falling through.
However, many firms are given information they don’t understand.
society, Hayes explained. To combat this, more companies
are buying cyber insurance. According to Statista, the cyber
insurance market will be worth $20bn by 2025, in the US
alone. However, firms are now advised to manage cyber
risks in their ESG governance strategy, rather than rely on
cyber insurance, Hayes explained.
“Insurance alone can’t help. Companies need to focus
inwards and actually manage their cyber risks. Cyber is
actually a key component of ESG reporting analysis, but
while it falls under the hard G of ESG, it straddles all the
pillars of ESG.”
While KYND started with its focus on insurance, it saw an
opportunity to expand. Its expertise and experience helping
insurers and their customers improve cyber risk profiles,
has given it the natural edge to help investment managers
and financial organisations with their ESG requirements.
Stakeholders would come to KYND with questions about the
cyber risk profiles of organisations in their portfolio or are
part of their supplier and vendor ecosystem. These were the
same questions insurers had. This led KYND to expand into
investment management.
KYND is on a mission to make cyber risk easier to
understand and manage. Formed in 2018, with a team
consisting of some of the most distinguished leaders in
the world of Internet banking, fraud protection, and cyber
security; KYND has created revolutionary technology
designed to make cyber risk management simple and easy
to use, which has led to KYND being used by companies of
sizes across the globe.
The company demystifies the world of cyber risk
management with next-generation technology that makes
the complex simple. Recognising that one size doesn’t fit
all KYND offers custom-built products for organisations
managing their own cyber risks, insurers using cyber risk
profiling for underwriting and helps asset and wealth
managers keep their investments ahead of cyber threats
and at the heart of ESG governance.

Cybersecurity is more than just governance
Cybersecurity threats continue to rise. With this comes a
huge risk to the value of companies and the stability of

Hayes said, “It was that kind of lightbulb moment where
if a company’s insurable, then they’re more likely to
be investable. Cyber insurers are looking at the cyber
risk profiles of their insureds and that’s also the sort
of information investment managers and financial
organisations need to understand about the companies
they’re working with.”
KYND felt this was an important move to make, because
cyber risk is a major business risk. Not only that, but it is a
risk to everyone a company interacts with, whether that is a
third-party, a vendor or others. As for asset managers, cyber
risk also has a hefty financial cost to be mindful of, as well as
a social factor that could damage brand reputation. This is
why Hayes believes it is crucial for investors to understand
the cyber risk of organisations, keep ahead of it and manage
it.

Gap in cyber risk in ESG?
Talk around ESG is often dominated by environmental
and social concerns. Governance is often forgotten. Hayes
believes there is currently a gap around incorporating cyber

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

risk into ESG governance, but this is changing. Hayes stated
that more firms are understanding the importance of cyber
risk profiling and see this as a beneficial task, not just a “box
ticking.”
A study from Berenberg highlighted cybersecurity as a key
ESG theme in 2022 and Goldman Sachs named cyberattacks
as an area of concern for ESG investors. Financial institutions
are not experts in cyber risk profiling. As regulations and
demand for cyber assessments increase, it is better to work
with a specialist provider, rather than trying to makeshift a
solution.
Hayes added, “We’re experts in this now. We can help you
do it quickly and see it [cyber risk] instantly. It makes your
life better, it makes investments better, and it makes the
companies better.”
KYND has two ready-to-go solutions for investment
managers to use. KYND Signals, which can give them an
instant snapshot of cyber risks facing companies, and KYND
On, which the companies can implement to understand
their risks and how to fix it. On also supplies continual
monitoring so they are always aware of threats.

Not just ticking a box
Whenever there is new regulation, it is easy for some firms
to see this as another box to tick. But Hayes warns firms
should not take this attitude with cyber risk profiles.
Hayes stated that if a firm is just ticking boxes, they don’t
have a cyber risk management process in place, which
means they are more susceptible to a cyber-attack.

“For most organisations, it is
a question of when an attack
will happen, not if. If you can
have cyber risk management
in place, organisations or
investment managers are aware
of the cyber risks facing their
investments.”

Hayes added, “One of the ticks in the ESG questionnaire
will be ‘do you have continual risk monitoring.’ You can tick
yes, but if you haven’t got something that actually works
and you’re using, you’ve ticked yes, but you’re not actually
keeping your company safe, because the cyber world
changes all the time. Where you may be okay today, next
week an update could happen to some software, and it’s not
protected anymore.”
KYND’s platform stays up-to-date and will inform the
company if a new weakness has been detected. “If these
organisations can mitigate their cyber risks, and continually
proactively monitor it, it’s better for everyone, it doesn’t just
make the company a better investment.”

Why work with KYND
Hayes explained that KYND’s core mission is to help
organisations understand and embrace cyber risk
management on all aspects of their business models. It
shows investors and the public they are safe and a wise
investment.
Another boon of KYND is that it doesn’t rely on arbitrary
scores and doesn’t produce endless technical reports that
are tough to decipher. Its platform provides an “unrivalled
instant view of an organisation’s cyber risks and prioritises
the red flags to stay ahead of threats.” It’s a simple and
easy cyber risk profiling system to add to the ESG toolbox.
It is also capable of profiling at scale, ensuring investors
can quickly assess multiple companies, rather than one at
a time. Hayes added that while some firms have inhouse
cybersecurity teams, these are not
“While some organisations may have an in-house security
team or access to specialist services, that’s very cybersecurity
related. Cyber risk management is different from protecting
against your cybersecurity, so your networks and data,
this is managing the risks that you have or may have in the
future. You want it to be what our kit does, which makes it
accurate, quantitative and qualitative.”
As to why a firm should pick KYND, Hayes concluded,
“KYND’s next gen cyber risk technology provides an
unrivalled instant view of an organisation’s cyber risks”

Hayes offered an example. Criminals can easily see if a
company is running a software that has a vulnerability
that can be exploited for a ransomware attack. However,
the organisation might not see it themselves. This is why
a platform like KYND can scan the organisation and show
them their weaknesses and what they can do to fix the
issue.

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ESGFINTECH100 Profiles

Founded 2009

Employees: 51-100

Segments of Financial Services: Banking Products/Data
Regions of operations: London, Reykjavik, Warsaw,
Barcelona, Singapore, New York

Meniga is a global leader in digital engagement & sales solutions for banks. Its award-winning products enable the
world’s largest financial institutions to dramatically improve their online and mobile digital environment, enriching the
customer experience of over 100 million digital banking users across 30 countries. After two decades the company has
embraced sustainability and has invested heavily in the development of a carbon calculator for digital banking channels.
Meniga’s offices are in London, Reykjavik, Stockholm, Warsaw, Barcelona and Singapore.

Founded 2009

Employees: 51-100

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Granular data collection, deep-dive and analysis to track
progress, disclosure, stakeholder communications via
microsite publications
Regions of operations: United States, Canada, France and
greater Europe

Metrio, a Nasdaq company since 2022, is one of the leading sustainability software-as-a-service (SaaS) providers on
the market. Since 2009, the software company’s non-financial reporting solutions have helped over 100 organisations
like Air Canada, ALDO, Decathlon, Target, The Clorox Company and the Toronto Stock Exchange better collect, manage
and share data about their environmental, social and governance (ESG) performance. Metrio’s team is made up of
developers and analysts who are well-versed in corporate ESG challenges and trends. By bridging the gap between
technical and sustainability expertise, Metrio can help businesses build a more efficient reporting process that’s aligned
with non-financial disclosure requirements and best practices. Metrio is a SASB Alliance member, a TCFD and UNGC
supporter, and a CDP-accredited provider.

Founded 2017

Employees: 11-50

Segments of Financial Services: ESG Intelligence & Data Analysis
Regions of operations: United Kingdom

Multi-award winning mnAI uses proprietary data (c10bn+ data points) and technology to supply unique research,
analytics, insight and due diligence on all 8.5 million+ UK companies, with a particular focus on ESG.

© 2022 FinTech Global and Investor Networks Ltd

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ESGFINTECH100 Profiles

Founded 2020

Employees: 11-50

Segments of Financial Services: Offsetting Analytics &
Marketplaces, Investing Products/Data
Regions of operations: Planed to be operational by Q4 2022
– Based and operating in Luxembourg

With our vision of a DLT-blockchain-supported Neo-Stock Exchange, we support fund industry actors in their
digitization efforts and allow fund managers to sell their products with more simplicity. We open a channel to reach
a new generation of investors – interested to take their investment decision into their own hands and more meaning
aligned to their values. Our platform has the ambition to be the most transparent when it comes to ESG investor
information, which allows values-driven people to invest funds that match their ethics by filtering out investments that
they believe do harm and searching for investments that have the impact they want. We want to offer anyone: retail or
professionals, beginners or experts, a seamless investment experience.

Founded 2021

Employees: 1-10

Segments of Financial Services: Offsetting Analytics &
Marketplaces
Regions of operations: Global

Nash fintechX is a software development company, headquartered in Luxembourg. The company comprises of a team
of computer scientists, engineers and FinTech experts, who are presently working on an ESG software, DCarbonX,
which will provide a blockchain-based carbon market for trading of carbon credits, track all resales and help prevent
greenwashing. DCarbonX utilises NFTs to store and trade carbon credits through blockchain. Nash fintechX’s vision,
mission and mantra are geared towards ensuring sound progress of organisations in the digital era and sparking mass
adoption of sustainable finance.

Founded 2016

Employees: 11-50

Segments of Financial Services: ESG Intelligence & Data Analysis
Regions of operations: United States, United Kingdom, China

Neudata is a FinTech scouting solution dedicated to finding alternative datasets for leading global organisations.
Neudata’s Software as a Service (SaaS) catalogue of 7,000+ alternative dataset reports allows its clients to easily
discover, manage and compare datasets. neuESG is a sub-product of Neudata’s SaaS catalogue, which clients use as a
search engine for ESG data. The platform hosts 450+ ESG dataset reports and users can search by specific ESG topics,
such as GHG emissions, gender diversity and board composition. neuESG is designed to help users find ESG datasets
they didn’t know existed and uncover better quality ESG data that fits with their sustainability goals. The platform also
contains in-depth industry reports that help its users stay up to date with the latest ESG data trends and innovations.
Neudata’s consulting services support clients in building a bespoke sustainability strategy and understanding the ESG
data marketplace.

© 2022 FinTech Global and Investor Networks Ltd

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ESGFINTECH100 Profiles

Founded 2018

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis, Investing Products/Data
Regions of operations: Africa

Nithio’s goal is to direct large capital flows to rapidly advance a just energy transition and improve climate resilience.
Nithio’s Financial Intermediary, Nithio FI, is a data-driven blended-finance vehicle that provides a sustainable, riskinformed financing to the off grid solar sector. Nithio’s approach is unique and highly innovative in that it leverages
its proprietary Risk Analytics Engine, which combines geospatial demographic and socioeconomics data, customer
repayment data, and Artificial Intelligence (AI), to standardise credit risk. Nithio uses these analytics to inform its
investment decisions to scale sustainable financing to solar energy companies in Africa. Its AI-powered analytics and
financing platform enables energy solutions to reach even the most vulnerable households.

Founded 2020

Employees: 1-10

Segments of Financial Services: ESG Intelligence & Data
Analysis, Regulatory Change Management
Regions of operations: United States

NixWhistle is a platform that has been created to encourage employees everywhere to speak up about their opinions
and feelings about their workplace and the way they are being treated. Most employees hesitate to speak up and fight
for what’s right due to many reasons, such as Threats, Blackmailing and others. We are giving them a chance to let
their voices and calls for help be heard. As we strongly respect one’s privacy, we are promising you a 100% Anonymity;
therefore giving you the opportunity to blow whistle against what is being wrong.

Founded 2014

Employees: 101-250

Segments of Financial Services: ESG Intelligence & Data
Analysis
Regions of operations: Global

Regulation and consumer expectations demand that businesses make immediate, significant, and verifiable carbon
reductions. Normative helps businesses accomplish this by providing carbon footprint measurements with industryleading accuracy. Drawing from 30 million data points, Normative’s carbon accounting engine automatically calculates
the emissions outputs of a business’s activities or transactions. Businesses can then use this granular breakdown
of their emissions profile to identify hotspots, begin targeted reductions, and stay compliant with legal reporting
requirements.

© 2022 FinTech Global and Investor Networks Ltd

55

ESGFINTECH100 Profiles

Founded 2015

Employees: 11-50

Segments of Financial Services: Offsetting Analytics &
Marketplaces, Banking Products/Data
Regions of operations: United Kingdom

The UK’s first and only B Corp certified neobank, Novus’ mission is to turn everyday spending into a force for good.
FCA registered and backed by Visa, Novus generates impact from every purchase by sharing part of its revenue with
10 impact partners: FareShare, Book Aid International, charity:water, Coralive, Against Malaria Foundation, Sightsavers,
SolarAid, SEE Turtles, Eden Reforestation and Bloody Good Period. The app also includes carbon offsetting features and
an in-app marketplace, where members can discover and buy from an ever-growing range of ethical and sustainable
brands whilst earning rewards for their ‘smart’ purchases in the form of cashback. Novus went live on the App Store/
Google Play in early 2022, and has since already onboarded 30,000 users. Headquartered in London, Novus currently
has 43 full time employees and has just closed a funding round of $3m to scale the operations in the UK, following a
previous $1.5m round in 2021.

Founded 2010

Employees: 1,001-5,000

Segments of Financial Services: Corporate Assessment &
Reporting, ESG Intelligence & Data Analysis
Regions of operations: North America, EMEA, Asia-Pacific,
Latin America

OneStream Software provides a market-leading intelligent finance platform that reduces the complexity of financial
operations. OneStream unleashes the power of finance and operations by unifying corporate performance
management (CPM) processes such as planning, financial close & consolidation, reporting and analytics through a
single, extensible solution. The company empower the enterprise with financial and operational insights to support
extended planning and analysis (xP&A) for faster and more informed decision-making. All in a cloud platform designed
to continually evolve and scale with your organisation.

Founded 2013

Employees: 51-100

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis, Banking Products/Data, Hedge
Funds, Investment Banks and Financial services firms
Regions of operations: North America, EMEA, APAC with
offices in Palo Alto (HQ), New York, Washington DC, London,
and Tokyo.

Orbital Insight provides geospatial intelligence and location analytics solutions that help organisations understand
what’s happening on and to the Earth. Customers including Unilever, RBC Capital Markets, The World Bank, Avison
Young, and the U.S. Department of Defense use Orbital Insight’s self-service analytics platform to make smarter
business decisions, build sustainable supply chains, and improve national security.

© 2022 FinTech Global and Investor Networks Ltd

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ESGFINTECH100 Profiles

Founded 2002

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, Investing Products/Data, Banking
Products/Data, Regulatory Change Management
Regions of operations: Global

Founded in 2002 by leading decision science academics from Oxford University, Oxford Risk is the leading behavioural
finance FinTech serving wealth managers, robo-advisers, banks and pension providers. Oxford Risk, combines
innovative behavioural finance, data science, and quantitative finance in its technology solutions to help support
financial institutions in delivering better financial outcomes to their clients. Get ready for new ESG regulation and meet
investor demand with Oxford Risk’s comprehensive ESG profiling tool. Backed by the rigorous research and testing
that you would expect from Oxford Risk, this solution helps providers understand which aspects of Ethical, Social, and
Governance matter the most to investors. Utilise these insights to better engage with clients on ESG conversations and
match client suitability to suitable and sustainable investments.

Founded 2020

Employees: 251-500

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Investing Products/Data, Banking Products/Data
Regions of operations: Persefoni’s core countries of operation
are the United States, United Kingdom and Japan.

Persefoni is a first-of-kind, enterprise-scale platform for carbon accounting and management and it is leading the
creation of the new climate tech category. Persefoni’s SaaS Platform enables companies and financial institutions to
easily meet stakeholder and regulatory climate disclosure requirements and requests.

Founded 2019

Employees: 11-50

Segments of Financial Services: Investing Products/Data
Regions of operations: United States, Europe

Physis is a B2B SaaS company serving institutional investors looking to make a serious impact on the planet alongside
a quality financial return. Its primary users are asset managers, family offices, financial advisors, and pension funds.
The company charge users a yearly subscription fee based on customer AUM, number of users, and specific platform
customisations. Key milestones to date include product development and launch in two years, the company is now
active in the US and EU markets generating revenue and winning industry recognition like top 5 women-led FinTech
by Visa, top 10 FinTech by FinTech Sandbox to present at New York Fintech Week, top 20 emerging FinTech by
Morningstar, top 35 FinTech by CBInsight at Future of FinTech, and more. Our women-led team is highly diverse and
always hungry for the next challenge, led by our founder and CEO, Stefania Di Bartolomeo, who is a recognised FinTech
leader by FT Partners.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

Why sustainability is at the heart of
Persefoni’s mission
In an age where meeting ESG requirements is becoming mandatory,
it is key that financial institutions are not only able to stay up to
date with all relevant trends but can do it with confidence and ease.
Headquartered in Arizona, Persefoni has tackled this challenge headon.
Persefoni’s climate management and accounting platform
(CMAP) is a suite of SaaS-based solutions that streamline the
collection, management, analysis and disclosure of carbon
and climate data.
According to Kawamori, Persefoni is purpose-built to
provide users a single source of carbon truth across their
organisation, enabling them to manage their carbon
transactions and inventory with the same rigour and
confidence as their financial transactions. He added that
the company currently supports roughly half of the top 25
global private equity firms and a third of top 20 banks, with
several of Persefoni’s PE customers having successfully
deployed the solution across their full suite of portcos.

At the heart of the ESG movement is the importance of
expanding sustainability in all areas. For Kentaro Kawamori
– CEO and co-founder of Persefoni – sustainability was
ingrained in his upbringing, and was a key inspiration in the
founding of the company.
“I grew up in Germany during a period that was still very
much shaped by post-WWII resource-scarcity sentiment;
recycling and sustainability were ingrained in my upbringing,
making me predisposed to accept their relevance later.
From a practical perspective, as Chief Digital Officer of
a Fortune 300, by the late 2010s we were quickly being
inundated by requests from shareholders – and a myriad of
other stakeholders – to more clearly identify the financial risk
to our assets resulting from a rapidly shifting climate.
“It was clear this was a complex data problem that could
better be addressed leveraging a modern SaaS-based
collection, automation, management, and disclosure
solution, yet none existed at an enterprise-scale. With that
as a head start, Persefoni began building one,” claimed
Kawamori.

The key pain point Persefoni is looking to solve remains
complexity around data ingestion. Kawamori said,
“Streamlining and automating the onboarding of disparate
data remains a focal point for us. It’s at the core of my
background. In fact, at our essence, a lot of us here at
Persefoni are data nerds, which we embrace. Several of
our patents center on our data schema. Our customers can
better mine their data for analytics and more favourable
decarbonization strategies if we continue to lead in this
effort.”

ESG trends and developments
In a market that is still relatively new and is constantly
evolving, tracking ESG sector trends can be difficult for
financial institutions and other stakeholders. What key
trends has Persefoni identified?
Kawamori commented, “A key trend is the surge in
mandatory carbon disclosure regulation by jurisdictions
around the world and consolidation on the PCAF and TCFD
standards. This shifts pressure from any single jurisdiction
as they are neither alone nor are they forced to “choose
the right” standard; together, this acts as a virtuous circle
accelerating this process.
‘When I listen to people argue that politics will stop this or
that mandatory climate disclosure regulation, I smile. These
are people who have not spent the past decade fielding
accelerating demands from the investor community for
audited climate impact statements. It’s hardly by accident

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

that the regulators writing these disclosure proposals are
the U.S. SEC, the Japanese FSA, the UK FCA, etc. – they are
responding to their constituents.”
How has the ESG market changed over the past five years?
The mainstream knowledge of the industry has exploded,
with very few people familiar with ESG short of a decade
ago.
Kawaori explained, “Five years ago, few of us had heard
of ESG and even fewer could explain it. As CDO of a global
enterprise, it was at this time that I first began quantifying
the data complexity to plan for an organization-wide Scope
1-3 audit. There was precious little support in the market for
our firm and virtually nothing purpose-built from a software
perspective.
“Today, there has been an explosion of coverage and
information on ESG – particularly environmental. For
example, virtually every session at the World Economic
Forum in Davos this year mentioned Sustainability/ESG. This
cacophony of noise can lead to ‘paralysis by analysis’ which
we have witnessed in some markets.”
In this environment, Persefoni’s states that large enterprises
tend to rely on their trusted consulting partners, many of
whom have raced in the past five years from having 50
ESG consultants to plans for more than 5,000. He added
that the company’s early focus on enabling these global
consulting organisations has led to strategic partnerships
with businesses such as PwC and Deloitte to Bain & Co, IBM
and CGI.

Carbon accounting performance
In a world where being able to measure your impact on the
climate is becoming increasingly vital, carbon accounting is
proving to be the key that unlocks the all-important door of
sustainability.

“As we like to say at Persefoni,
‘Credibility is the currency of
Sustainability’. Increasingly,
organisations are recognising
that climate risk is financial
risk. For the same reason
that financial accounting
and standards are critical, so
too are trustworthy climate
statements.”
This, therefore, requires transparent carbon accounting.
“The ultimate importance for carbon accounting is you
can’t fix what you’re not measuring – to paraphrase an

old management maxim. To identify the most beneficial
decarbonisation strategies available to an organization,
it must first accurately account for its current and future
position,” said Kawamori.

Market roadblocks
Some of the key areas that constitute roadblocks in the
ESG market surround the topic of scale. While the industry
is growing and is realising expanding demand due to
the increasing requirements of new compliance, many
companies are still attempting to find ways to break through
the all-important scale barrier.
Kawamori detailed, “Scale is the greatest roadblock, followed
by market education, strategy and then execution. It’s
not sales; this opportunity is unlike any I’ve witnessed. It’s
greater than Sarbanes-Oxley and GDPR combined, with
compliance drivers from not one but three verticals: industry
(investors), government (regulatory), and social (customers/
staff) compliance pressure.”
In the opinion of Kawamori, the vast majority of customers
lack the software to address the problem, let alone purposebuilt, contemporary software.
He continued, “From a practical standpoint, the recent stress
on the global capital markets has tightened access to capital,
which will make it increasingly difficult for peers to keep
pace with Persefoni, especially earlier-stage vendors.”

Future plans
With the ESG market benefitting from an ongoing boom,
many companies entering the space are benefitting from
the growing and needed demand for new ESG products that
help companies meet upcoming regulations.
What is Persefoni up to for the rest of this year? Kawamori
said, “We are growing at a record pace on a number of
fronts. We’ve added to our staff across North America,
Europe, and Asia, including a new office in Singapore in
September. The latter is thanks in part to the support of our
customer/partner/investor, Bain & Co. We are already busy
fulfilling opportunity there.
“And for listed companies, particularly in the U.S., our
partnership with the leading platform for financial and nonfinancial reporting, Workiva, is already supporting a number
of shared customers.”
“From a technology perspective, to add even more value to
our core CMAP platform, we have begun rolling out a series
of new modules that customers have asked for, like Climate
Trajectory Modelling, Benchmarking, Portfolio Analytics
Suite and Reduce Footprint to name a few. On that subject,
we have also just announced the release of CMAP v2.0 in
October this year, fulfilling on a promise as we continue
to iterate and build on our early success. Finally, we will be
announcing a number of strategic partnerships, new offices,
and key hires soon.”
“It’s a very exciting time for Persefoni.”

© 2022 FinTech Global and Investor Networks Ltd

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ESGFINTECH100 Profiles

Founded 2017

Employees: 101-250

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Offsetting Analytics & Marketplaces, Supply Chain Screening,
Investing Products/Data, Banking Products/Data, Regulatory
Change Management
Regions of operations: We operate worldwide, HQ in Berlin,
Offices in Munich, Paris, London

Plan A is a software provider that has developed an award-winning decarbonisation and ESG optimisation SaaS
platform to empower businesses to reach their net-zero goals. Combining cutting-edge technology and the latest
scientific standards and methodologies (GHG Protocol compliant, TÜV Rheinland certified), Plan A automates CO2
emissions calculation, carbon reduction planning, and ESG reporting in an end-to-end platform. Plan A is B-Corp
certified and thus demonstrably adheres to strict social and environmental standards. The Greentech counts N26, BNP
Paribas, ApaxPartners, Albion Capital, BMW, Trivago, Société Générale, Payhawk, and the European Union among its
customers.

Founded 2002

Employees: 11-50

Segments of Financial Services: Corporate Assessment &
Reporting, Regulatory Change Management
Regions of operations: Global

Point Nine is a team of industry experts that specializes in regulatory reporting, equipped with proprietary cloud-based
technology designed to help customers fulfill their regulatory reporting requirements, streamline their processes for
storing, processing and submitting data from various sources. Point Nine collaborates with both buy- and sell-side
financial firms, service providers, and corporations to help them ensure high-quality and accurate reporting to remain
compliant.

Founded 2015

Employees: 101-250

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Supply Chain Screening
Regions of operations: Europe (Sweden, Norway, Denmark,
United Kingdom) and North America (United States)

Position Green brings together leading experts within ESG software, strategy and communication to help corporations
accelerate their sustainability agenda. Position Green’s integrated offering spans across environmental, social and
governance domains, and encompasses strategy advisory, data management, reporting, e-learning and executive
training. Position Green has over 400 clients with more than 100 employees located in Norway, Sweden, Denmark
and the US. With a 100% annual growth in revenue, Position Green intend to expand the company’s service offering
and geographical presence through acquisitions primarily in Europe. Position Green combines the leading data-driven
sustainability platform with best of breed ESG consultancies to create a unique ESG offering — helping companies
navigate and accelerate their journey towards a more sustainable future. In combining tech and consulting, Position
Green has established a completely new digital ecosystem that unlocks the power of corporate sustainability data for
strategy and decision making.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

How Position Green empowers businesses
through sustainability data
Position Green was founded in 2015 by Daniel Gadd and four other cofounders. While working at Deloitte, Gadd had noticed the frustration
his auditor colleagues had when auditing on sustainability data. While
financial data was structured within finance systems, there were
no frameworks for ESG reporting and no overall structure to how
everything was handled.
Gadd added that instead of multiple employees managing
excel sheets of sustainability data being sent across
departments, companies and suppliers, it is easier to have a
single data structure where everything is traceable.
Gadd added, “Our mission is to revolutionise how
businesses embrace sustainability through a data-driven
approach and we want to empower businesses to lead the
way.” By tracking all data, companies can gain insight into
what they are doing and how aligned they are with global
targets and standards. “We also try to nudge companies to
be even more ambitious in their measurement scope and
increase their goals, by constantly sharing best practice.”

Bringing a data-driven ESG approach to the
financial market

Seeing the carnage first hand, Gadd and his co-founders
thought there must be a way of building a structured
system for sustainability data, similar to that with financial
data. With no other solution present in the market at the
time, they began developing Position Green. Supporting
this move towards ESG were rising discussions around
sustainability. The United Nations established the
Sustainable Development Goals and COP21 saw the
adoption of the Paris Agreement. Gadd added, “We thought
a big shift was coming, where companies would start
to approach sustainability data in the same manner as
financial data.”
Position Green was established to collect sustainability data
and centralise it in a structured, data-driven and transparent
manner. Its data-driven software platform supports
sustainability reporting through accuracy, traceability
and compliance. It has three core products: Sustainability
reporting, Supplier assessment and Investment monitoring.

One of the first industries Position Green has helped is the
investment community, who need a way to collect data and
track portfolio companies. These firms leverage Position
Green’s investment monitoring product to collect data on
their portfolio companies in a structured and seamless
way. It empowers them to track holdings, monitor their
performance, ensure reporting compliance, set targeted
goals and report to investors.
Position Green is looking to expand this offering and will
soon launch a tool for due diligence processes, which will
help firms collect data before they buy into a company.
With the SDG’s and Paris Agreement it is clear there was
a growing need for sustainability data and since then, this
requirement has only increased. MiFID II recently had
an update that means asset managers need to include
sustainability factors, risks and preferences into suitability
assessments. There are many other ESG regulations on the
horizon. The UK’s Financial Conduct Authority also recently
revealed a new advisory committee to its board that will
work on ESG challenges.
Then there are the astronomical costs firms have to pay
for ESG data. A study from ERM claimed that institutional
investors spend an average of $1.3m annually to collect,

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

analyse and report on climate data to inform their
investment decisions. It also found that on average,
corporate issuers spend $533,000 annually on climaterelated disclosures.

The outlook to the future
As mentioned, Gadd believes this is only the beginning of
ESG.

Gadd explained that this is only the beginning of ESG
regulation and so firms need to act now to cope.
However, firms should not just see ESG as a heavy cost,
especially when data is collected correctly. “You can see that
the companies that are better at ESG, or sustainability, are
often more profitable. What we also have seen is that it’s not
only an issue for sustainability directors. We are increasingly
being contacted by CFO’s and board members who are
interested in finding out how they can drive financial
growth and improve competitiveness through a data-driven
approach to ESG.”

How Position Green is different
One of the main differentiators of Position Green is its
flexibility. The platform has a unique setup for each
company, implementing a personalised data structure
within weeks. Gadd said, “There are all these software
tools out there that are standardised, but we always
customise for each customer depending on their strategy
and level of ambition. We can have two competitors and
their measurement structure in the platform looks entirely
different.”
These personalised systems can account for if a company
wants to collect data manually, through file uploads,
through APIs from ERP systems, or another way. It can also
be split on what they want to measure and how deep they
want that to go, for example, they could have two fractions
for waste management or 100. In terms of output, Position
Green allows for a client to create their own unique KPIs,
reports and dashboards.

ESG ratings are not sustainability
With ESG being relatively new for firms, it is easy for
misconceptions to gain ground. One of the biggest Gadd
has seen is ESG ratings vs. sustainability. He said, “ESG
ratings are about transparency, highlighting how open are
companies are on their sustainability work and progress.
That is the main reason why big oil companies can rank
high on ESG ratings, because they’ve been under scrutiny
for decades and have established a transparent approach
to communications. While Tesla or other companies with
a sustainable business model, often don’t want to disclose
their data, resulting in them often receiving a lower score in
ESG ratings.”

“There are several movements
going on at the same time,
pushing the corporate ESG
transition forward at a very high
pace now compared with four or
five years ago. However, there is
still a long way to go.”
The importance of ESG will continue to increase every year,
spurred by new regulations and increased maturity of
corporations and various reporting standards. However,
Gadd added that the pace of change needs to be addressed
otherwise the world will struggle to meet the climate goals.
As for Position Green, the future is bright. The company
is particularly interested in bolstering its services for
investment monitoring. It is looking to add new functions
and features for due diligence and gathering data efficiently.
Position Green’s growth forecast is set for a pace of 100%
per year, with plans to have a €100m turnover and 500
employees in four years’ time.
But the question is, why should a company work with
Position Green? Gadd said, “We have a fantastic product that
makes ESG actionable and measurable. We genuinely care
about improving our customers’ competitiveness through
a data-driven approach. This is our core business – the
platform is not just an ESG add-on to another software.
Our Customer Success team acts as a sparring partner to
our customers, nudging them to constantly set higher and
more ambitious targets based on best practice. Through
Position Green’s full-service ESG offering including strategic
advisory services, our customers have all the support they
need at hand to fast-track their sustainability transition and
accelerate impact.”

One of the biggest issues this misconception causes is with
public perception. Gadd explained that it is easy for ESG
ratings to be misunderstood and used as a greenwashing
tool for non-sustainable companies. Position Green is
helping companies to fix this misconception by focusing on
how data can empower targeted action.

© 2022 FinTech Global and Investor Networks Ltd

Sustainability reporting
made simple

Founded in 2015
HQ in Malmö, Sweden
Employees: 120
Regions of operation:
EMEA, North America

Key employees

We are Position Green
We are on a mission to revolutionise how businesses embrace ESG
– creating a sustainable, fair and resilient future.

Daniel Gadd
CEO, Position Green Platform

We were born in the Nordics, but today we pair local expertise with
global experience to help companies worldwide transform and
accelerate business within the ESG landscape.

Sofie Folkesson
Head of Customer Success,
Position Green Platform

With data at the core of our offering we simplify ESG reporting and
turn it into measurable KPI’s and actionable insights.

Björn Johansson
CTO, Position Green Platform

All your sustainability data
consolidated
Position Green Platform enables financial
institutions, private equity firms and
investment companies to efficiently collect,
analyze and report sustainability data from
the entire organisation and value chain.

Get an overview and structure of all investments,
credit takers and general partners’ ESG performance
Achieve compliance with new ESG regulations
Save time and streamline collection of ESG data
Ensure control and facilitate auditing through full
data traceability

One platform combining three products

Sustainability reporting

Supplier assessment

Investment monitoring

Position Green growth journey
Position Green supports leaders in the financial services industry, investment firms and private
equity, such as Nordic Capital, Norvestor, Kinnevik, Nordnet, Addlife, VNV global and Storebrand
Position Green raised 50 MUSD in 2022 from the Nordic private equity firm Norvestor to be
invested in global growth
Position Green has experienced 100% growth in ARR for the past 5 years
Position Green serves approximately 400 companies worldwide

positiongreen.com

hello@positiongreen.com

63

ESGFINTECH100 Profiles

Founded 2016

Employees: 101-250

Segments of Financial Services: ESG Intelligence & Data
Analysis, Banking Products/Data
Regions of operations: Switzerland, France, Germany, Austria,
Belgium, Netherlands, Japan, Czechia, Slovakia, UK

PriceHubble is a Swiss B2B PropTech company that builds innovative digital solutions for the real estate industry
based on property valuations and market insights. Leveraging big data, cutting-edge analytics and great visualisation,
PriceHubble’s products suite brings a new level of transparency in the market, enabling their customers to make real
estate and investment decisions based on the most accurate data-driven insights (such as valuations, market analyses,
value forecasts or building simulations) and enhance the dialogue with end consumers. PriceHubble’s digital solutions
are designed to help all players across the entire real estate value chain (banks, asset managers, developers, property
managers and real estate agents). PriceHubble is already active in 10 countries (Switzerland, France, Germany, Austria,
Japan, Netherlands, Belgium, Czech Republic, Slovakia and UK) and employs more than 200 people worldwide.

Founded 2018

Employees: 11-50

Segments of Financial Services: Offsetting Analytics &
Marketplaces, Investing Products/Data, Voluntary carbon
markets.
Regions of operations: Puro.earth operates globally. Currently,
our operations are especially active in Australia, Austria, Brasil,
Canada, Finland, France, Germany, Netherlands, New Zealand,
Norway, Sweden, Switzerland, United Kingdom and United
States.
Puro.earth is a pioneering standard, registry and marketplace focused solely on credible, high-quality carbon removal.
They help corporate buyers create a long-term portfolio of carbon removals for their ESG and Net Zero goals. In
comparison to traditional nature-based offsets and emissions avoidance, engineered carbon removal is quantifiable,
transparent, and net negative. Through their partnership with Nasdaq, Puro.earth is working to build a robust, reliable
carbon removal market that is big enough to serve demand, drawing on Nasdaq’s experience of developing, maintaining
and evolving other markets and industries. Puro.earth’s robust verification involves using best practice processes and
laboratory analysis, not modelling, to certify its projects, in this way increasing integrity in the voluntary carbon markets.
As they are involved with many parts of the voluntary carbon market value chain, we have the possibility to make it
more efficient.

Founded 2016

Employees: 500+

Segments of Financial Services:ESG Intelligence & Data Analysis
Regions of operations: Global with office locations in the United
Kingdom, Canada, the United States, Australia, Singapore,
Brussels, UAE

Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence that empowers
organisations to make trusted operational decisions by making data meaningful. Using the latest advancements in big
data and AI, Quantexa’s platform uncovers hidden risk and new opportunities by providing a contextual, connected
view of internal and external data in a single place. It solves major challenges across data management, KYC, customer
intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

© 2022 FinTech Global and Investor Networks Ltd

REGION: GLOBAL | SECTOR: ESG

COMPANY
RESEARCH
PROFILE
Founded 2010
Toronto, Canada
www.purefacts.com
info@purefacts.com
Employees: 101-250
Regions of operation: North
America, Europe, APAC

KEY EMPLOYEES:
Robert Madej
CEO and Founder
Rajini McRae
President
Gerrard Daniels
CFO

Segments of Financial Services: ESG Subsectors: Corporate Assessment & Reporting, ESG Intelligence & Data

Analysis

OFFERING
PureFacts Financial Solutions develops
software that helps global financial firms grow
revenue and market share. The firm specializes
in technology that can fit easily into existing
tech stacks to calculate fees and commissions,
aggregate data, analyze and enrich it. They
then use automated intelligence and machine
learning to derive usable insights that can
drive business growth. Their reports module
is both substantial and scalable – it offers indepth reporting at the enterprise, advisory and
client levels and its intuitive and easy to use.
PureFacts invests annually a significant part
of its revenues in research and development
to continuously improve and add to their
solutions.

PROBLEM BEING SOLVED
PureFacts solves some of the most
complicated problems using innovative
automated intelligence and machine learning
algorithms. The company’s AI solutions are
integrated into its core product such as its Fees
and Reporting solutions. The SaaS platform
provides investor retention analytics and can
help determine the underlying reasons behind
client churn. In addition, PureFacts uses natural
language processing to classify assets into their
corresponding asset classes.
As such the company’s solutions enable
advisors to offer personalized and
differentiated services to their clients as well
as providing access to accurate ESG data and
reporting.

TECHNOLOGY
PureFacts deploys all its software on Microsoft
Azure Cloud. Their scalable, modular microservices architecture is founded on Microsoft
.NET Core technologies. The company
leverages Azure Kubernetes Services (AKS) to
deploy at scale and meet the elastic capacity
needs of its clients. The solutions rely on
vast amounts of data that are ingested,
transformed, and processed by Azure Data
Factory. The data stores include both relational
data stores such as Microsoft SQL server, as
well as in-memory distributed store such as
Redis. PureFacts’s ML technologies include
TensorFlow, R, Python, Jupyter Lab, and they
have built their NLP application on top of the
Microsoft Azure LUIS API.

PRODUCT DESCRIPTION
PureFacts develops and delivers accurate, scalable, flexible, secure, best-of-breed wealth management, asset management, and asset servicing
solutions that serve the front, mid, and back office needs of wealth management firms. Delivered using a highly configurable Software-as-a-Service
model, PureFacts solutions are centered around fees, billings, commissions, reporting, AI/ML driven insights, and decumulation. Their powerful SaaS
platform supports large enterprises and multiple lines of businesses on a single instance with advanced line of sight, permissions, and workflow
capabilities. Their solutions are also modular and highly configurable, and built around an advanced fees, billings, and commissions engine—
architected to account for a range of fee and commissions structures, and billing models for mass market, mass affluent and high net worth business
models.
PureFacts’ Next Gen Reports are not only integrated with the AI application, but also can report on ESG data. They can easily get integrated with ESG
data feeds and can aggregate the data to produce documents for both the wealth advisors and the investors. PureFacts aims at accelerating the
transition to a sustainable economy making ESG data available and easy to use.

TRACTION/GROWTH
• Recently, PureFacts acquired Quartal Financial Solutions which provided them with a global footprint and extended their business from Canada

and to the UK, Europe, and APAC region. It broadened the company’s market reach from wealth management to asset management and servicing.
PureFacts and Quartal now have the world’s top wealth management fee solutions and one of the world’s top asset management fee solutions.

• PureFacts provides solutions used by large banks including National Bank Financial, Scotiabank, Fidelity Clearing Canada, Canaccord, Richardson
Wealth, Manulife, iA Financial, and Canada Life.

• The company has raised over $30m in funding from prominent investors including Round 13 Capital, Scotiabank, Canadian Business Growth Fund.
This document is being provided for information purposes only. It is not designed to be taken as advice or a recommendation for any specific investment or strategy decisions.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

How PureFacts is helping wealth managers
with the shift to ESG
Founded in 2010, Global firm PureFacts Financial Solutions provides
enterprise wealth management and asset management solutions for
the financial services industry. The company claims its mission is to
create meaningful wealth solutions that help people live their best lives.
PureFacts also provides investor-specific views with
information about each asset in their portfolio, as well as
an investor-specific view with a breakdown of product
involvement percentages for each asset in their portfolio.
With this considered, how does PureFacts’ solution help
businesses take that leap to becoming more sustainable?
Madej said, “We believe that the first step to help companies
become more sustainable is to provide clarity and to
understand a complex and fragmented reality.

Ensuring success and stability in the wealth management
sector for companies is one of the key missions for
PureFacts. With the arrival of ESG into the mainstream,
those individuals are now facing the prospect of
considerable disruption and potential confusion. How can
PureFacts help its customers?
“Our area of expertise is providing the right tools to asset
and wealth managers around the world to make their job
easier,” said Robert Madej, CEO of PureFacts. “In the ESG
space, we work with our clients to ensure they have the best
possible ESG solutions to display and aggregate ESG data in
a sensible way.”
The company’s offering regarding ESG sphere consists of
various modules. The first provides summary views across
all wealth advisors’ clients, providing them all the underlying
details and aiding the understanding of the various ESG
indicators. Whenever possible – and if compatible with the
methodologies and source data in use – the firm provides
the information and about the overall portfolio ratings and
ESG indicators.

“Our goal is to present ESG
data within the various wealth
management ecosystems in a
format that is – at the same time
– accurate, methodologically
correct, and accessible for both
advisors and end investors.
Once we provide the clarity, our
target solution will also help
facilitate optimising investment
and capital decisions.”
The rise of ESG and its presence in the financial market is
relatively recent, however, its impact and stature is only
likely to grow over time as businesses become aware of
their increasing social, environmental, and governmental
responsibilities.
When quizzed on what PureFacts is looking to achieve in
the ESG space long-term, Madej echoed a similar sentiment,
underlining that in the company’s view, ESG data is the
‘natural evolution’ of the traditional financial information
that is currently contained in statements and financial
reports.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

He added, “We develop high-quality reporting for managers
and investors. Soon, investment decisions will be influenced
by both financial and ESG data and indicators. Therefore,
our goal is to incorporate ESG into the wealth management
toolset.”
Madej gave examples of this goal – such as software
that would assist wealth management firms in offering
fee discounts for investments in assets with sustainable
attributes, or software that helps portfolio managers
improve the ESG ratings of their clients’ portfolios by
suggesting changes and resulting ratings. The PureFacts
CEO also suggested potentially generating an investorspecific report with a breakdown of selected carbon matrix
for each asset in their portfolio, as well as an interface to
display these reports to clients.

ESG investment impact
How will, or is, ESG changing the investment market? In the
opinion of Madej, ESG has already significantly disrupted
the wealth industry. However, he believes there is not yet a
high degree of readiness to report ESG data with the quality
standard and timeframe as financial information.
He remarked, “There is a significant lack of standards and
therefore a prominent level of confusion. Nevertheless,
finance professionals are embracing the challenge and
preparing for the new standards that we agree are the
future. In the past few years, we have realized a shift in
investor needs, especially in younger generations, from
traditional investing to socially responsible and sustainable
investing.
‘This includes investors interested in the impact of corporate
social responsibilities and good governance on marketbased and financial statement measures of financial
performance. Younger investors are value-driven in their
approach to their money and their investments.
“Due to availability of and access to the data, investors can
have better asset allocations and to better manage their
portfolios. As finance rapidly changes with the proliferation
of ESG investing, there will be an increase in demand by
investors for greater transparency and new regulatory
reporting requirements in every district.”

Key ESG trends
With the ESG space ever evolving and ever-changing,
keeping up to date with trends in the industry can be tough.
What does PureFacts see as the most important trends?

a tool to enable that difficult exercise. Impact investing, if
backed by transparent and accessible ESG data, is the only
way to tap into this potential.”
Madej said that he was convinced that there is a ‘high need
for understanding, clarity and standardisation’ in the ESG
space. “Our sustainability goals go beyond providing ESG
related products, as we aim to connect with our clients
about the steps, we are taking to become more sustainable,”
Madej added.

Investor and company roadblocks
With the ESG space still fairly young and, to some in
the industry, fairly unknown – there are bound to be
some roadblocks along the way. For investors, what are
the biggest roadblocks for them looking to make their
investments more sustainable?
Madej commented, “The biggest roadblock for investors is
accessing reliable data that allows them to invest in more
sustainable products. As investors are becoming more
aware of the impacts they have, they would also require
more accessible resources that are reliable, easy to use,
and transparent which provide the right information. Such
resources, will help them make more informed decisions
and make a better impact to the world they are living in.”
A big challenge for companies going forward – especially
those invested in fossil fuel-focused companies – is how they
can make their offerings more ESG-friendly. What are the
biggest roadblocks in this area?
Madej said, “The biggest roadblock for companies looking
to get into the ESG space is accessing the right data source.
Although there are many ESG data sources available,
lack of standardized data pertaining to ESG initiatives are
challenging rollbacks.

“Understanding which data
sources are the best and
acquiring that data is one of
the biggest challenges that
WealthTech companies are
facing. ”

According to Madej, the company groups trends into
two distinct categories – regulatory-driven and new
opportunities.
He explained, “Regulations are evolving and changing at
a rapid pace around the world and the whole industry is
struggling to stay ahead of the game. On the other side,
several players are tapping into the opportunities that ESG
creates. A growing number of investors want to align their
investment decisions with their values and ESG metrics are

© 2022 FinTech Global and Investor Networks Ltd

67

ESGFINTECH100 Profiles

Founded 2009

Employees: 11-50

Segments of Financial Services: Corporate Assessment &
Reporting
Regions of operations: North America, Latin America,Europe,
Asia

Quantifind’s Graphyte platform drives automation in anti-money laundering (AML) investigations, name screening,
and KYC by automatically extracting predictive risk signals from vast stores of unstructured public data. It is used by
customers to automate their risk monitoring and anti-money laundering (AML) investigation processes. Its accuracy
and features enable customers to improve the efficiency of their AML investigations by 40% or more. Graphyte has
been used for over a decade by governments and Fortune 50 companies to gain insights from a comprehensive array
of public sources. Its success is rooted in its fusion of science with design; machine learning innovations with intuitive,
feature-rich web applications and APIs.

Founded 1998

Employees: 251-500

Segments of Financial Services: ESG/Climate Risk
Regions of Operation: Canada, United States, Brazil, United
Kingdom, China, Japan, Philippines, Switzerland, Germany,
European Union, Latin America, Asia

RepRisk is the largest ESG technology company and a pioneer in ESG data science that leverages the combination of
AI and machine learning with human intelligence to systematically analyze public information and identify material ESG
risks. Since 2006, the world’s largest financial institutions and corporations trust RepRisk for due diligence and risk
management across their operations, business relationships, and investments.

Founded 2021

Employees: 1-10

Segments of Financial Services:ESG/Climate Risk, ESG
Intelligence & Data Analysis, Investing Products/Data
Regions of operations: North America

Responsibli (previously SR.ai) is building the next generation of investment research tools with a focus on ESG. They use
AI to process, summarize, and extract actionable insights from news, social media, and company disclosures. Instead
of creating ESG scores, they focus on deeper information and decision support, enabling investors to “supercharge”
their own research. Responsibli started as a research program at the University of Toronto, at the intersection of AI,
quantitative finance, and sustainable investing. Today, they are commercializing the technology with leading asset
managers and owners, helping them future-proof investment processes.

© 2022 FinTech Global and Investor Networks Ltd

REGION: GLOBAL | SECTOR: ESG

COMPANY
RESEARCH
PROFILE
Founded 1993

info@regnology.net

Frankfurt, Germany

Employees: 501-1000

www.regnology.net

Regions of operation: Global with
offices in Austria, Germany, Ireland,
Netherlands, Romania, Singapore,
Sweden, Switzerland and United
Kingdom

PRODUCT NAME: REGNOLOGY
KEY EMPLOYEES:

Rob
Mackay
CEO

Dr. Maciej
Piechocki
Chief Revenue
Officer

Linda
Middleditch
Chief Product
Officer

Denise
Seitz
Chief Technology
Officer

Sarah
Anderson
Chief Customer
Officer

Segments of Financial Services: ESG Intelligence & Data Analysis

OFFERING
Regnology is a leading technology firm on a
mission to bring safety and stability to the
financial markets. With an exclusive focus on
regulatory reporting and more than 7,000
financial institutions, 30 regulators and 20 tax
authorities as clients, we’re uniquely positioned
to bring greater data quality, efficiency, and
cost savings to all market participants. With
over 700 employees in 12 countries and a
unified data ingestion model powering our
work, our clients can quickly implement and
derive value from our solutions and easily keep
pace with ongoing regulatory changes.

PROBLEM BEING SOLVED
The European commission has proposed
comprehensive disclosure obligations for
all (non-) financial companies’ and to start a
discussion about the ESG risk drivers within
the EU sustainable finance framework. EBA
have additionally acted and provided an ITS
for the first disclosure of ESG risks for SSM
banks with the application end of December
2022. With Abacus360 Banking, Regnology
enables financial institutions to comply with EU
taxonomy regulation as well with the EBA ITS.

TECHNOLOGY
Abacus360 Banking is based on a three-tier
architecture with a clear separation of the
GUI, application logic and data management
based on the distributed processing of Apache
Spark. Apache Spark is a cluster computing
framework with high market acceptance for
big data projects. Apache Spark allows for the
processing of very high data volumes (several
100 million data records) and has strong
vertical and horizontal scaling capabilities.
The solution has flexible deployment scenarios
allowing for either on premises installation,
software as a service (SaaS), complete business
process outsourcing (BPO) or Cloud.

PRODUCT DESCRIPTION
Regnology offers regulatory reporting solutions which cover:
• 
ESG Regulatory Reporting and Risk Management – Abacus360 Banking is an integrated platform for 360° reporting, risk calculation and
controlling regulatory KPIs. Abacus360 Banking, Regnology helps financial institutions to follow EU taxonomy regulation (DA (EU)2020/852) as well
with the EBA ITS (according to 449a CRR) which includes quantitative and qualitative templates on climate-change related disclosures. New KPIs like
the Green Asset Ratio (GAR) or information about physical and transition risks as well as the risk mitigation must be disclosed.
The latest generation of the Abacus360 Banking platform offers increased operational performance and reporting quality through a modern
infrastructure designed to help harmonize data models, streamline workflows and automate calculation and reporting processes. It enables financial
institutions to improve the quality and timeliness of its regulatory reporting while anticipating future requirements and scaling at the best cost.
• 
Transaction Reporting – Abacus Transactions is a solution for transaction-by-transaction reporting and enables our customers to fulfil their
reporting requirements in accordance with MMSR to the NCB/ECB as well as EMIR Refit, MiFID II/MiFIR and SFTR.
• 
SupTech Platforms for Central Banks, Regulators and Supervisory Authorities – The award-winning platform for central banks and
supervisory authorities covers Data collection, integrated analytics, supervisory workflows and cross- border exchange of information.
• Tax Reporting – A dedicated solution suite for banks on tax reporting which includes EasyTax, and FiTAX. EasyTax helps banks support their
customers in submitting their tax statements and fulfilling their filing obligations in their home countries. It covers 22 jurisdictions and is used by more
than 90 financial institutions globally. FiTAX is designed for financial institutions and intermediaries to produce tax reports required by tax authorities
for QI, FATCA, CRS/AEOI and DAC6/MDR reporting.

TRACTION/GROWTH
• Regnology products are used by over 7,000 firms worldwide including (among others): Bank of England, Volkswagen Bank, Sweden’s
Finansinspektionen, CSL Corporate Services Liechtenstein, Bank of Romania, CGS-CIMB Securities, eToro, .

• The company enables more than 30 regulators and 20 tax authorities on five continents to collect data from 34,000 firms in 60 countries. It
supports Europe’s largest regulatory reporting utility, which alone processes 1.4 billion records every reporting period.

• Regnology was formed in 2021 when BearingPoint RegTech, a former business unit of BearingPoint Group, joined forces with Vizor Software, a
global leader in regulatory and supervisory technology.

This document is being provided for information purposes only. It is not designed to be taken as advice or a recommendation for any specific investment or strategy decisions.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

Regnology on ESG data and reporting:
challenges, Europe, and the consequences
of fragmentation
Regnology believes that ESG should be at the centre of a company’s
activities, from finance to risk departments and credit ratings. A good
ESG data strategy is key to this.

ESG reporting, Windmöller continued, the EU is following a
“template-based” approach that is seen in other reporting
areas.

Materiality and the divergence of standards
Materiality is a particularly hot topic in the ESG data
reporting space. In the context of ESG, this refers to the
effectiveness and financial significance of a specific measure
as part of a company’s overall ESG analysis. Companies
and governments must determine what ESG issues are
significant for their organisation and how those impact the
business.

What is the current status of ESG reporting?
The industry is currently in a “market frenzy” when it
comes to ESG and data reporting. That’s according to Bodo
Windmöller, senior vice president product management at
Regnology.
“More than 30 regulatory bodies and standard setters in 12
markets have undertaken some sort of official consultation
on ESG. We are seeing a lot of buzzwords flying around and
it’s a bit overwhelming to make sense of the flood of new
mandates and proposals.”
A good place to begin is to consider the objectives of ESG
reporting. As it currently stands, the majority of proposals
in this area are looking to enable transparency, but
Windmöller said that some are beginning to go further than
this and looking to create a behaviour change and influence
market dynamics. This is a particularly prominent trend in
the EU.
In terms of the stringency of compliance requirements,
the EU is leading, Windmöller said, this area is somewhat
weaker in the US and Canada. Turning to the uniformity of

“There’s a wide range of things
to consider,”Windmöller said, “in
some areas the focus is on the E
in ESG, and in other there is also
a lot of S and G.”
This is not the only area in which ESG reporting varies. There
is also the question of the outside-in perspective versus the
inside-out perspective, also referred to as single and double
materiality. Windmöller explained this issue essentially asks:
is it a case of reporting how changes in the environment will
affect certain companies or how certain companies affect
changes in the environment?
“There is a huge variety in what ESG comprises. Some
regulation concentrates on the E side, others look at the S
and G elements,” Windmöller said. Even just considering
the E side, there is disagreement over whether this should
include climate mitigation or prevention of climate risk,
and whether other factors such as biodiversity should be
included.

Could Europe become a standard setter?
It is widely recognised that there is a lack of a uniform
standard for ESG data and reporting; the EU is trying to
change this and become a standard setter.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

However, according to Erik Becker, Regnology product
director, the issue of double materiality and the outside-in
perspective versus the inside-out perspective could present
an obstacle to achieving this. This is because the EU is
focusing more on double materiality.

been talking about transparency and disclosure, but we are
not talking about the impact on existing regulatory rations
and the capital costs. That is a big discussion at the moment,
which began from the Basel Committee for Banking
Supervision (BCBS).”

Following on from this, Windmöller added that although the
EU is trying to become a standard-setter, “they are probably
reaching too far for many other jurisdictions, and this will
likely prevent convergence.”

How to incorporate these risk drivers in prudential
frameworks is heavily disputed, Windmöller said. There is
a view that they are already incorporated, but on the other
hand, there is an opposing view which proposed this is new.
“In Europe in particular this is a political debate, because of
the political agenda to transition to a greener economy…it
will be interesting to see where this discussion goes.”

Beyond this, Windmöller said we don’t currently have the
political mechanisms to even create a uniform standard.
Nevertheless, we will see an emergence of a standard within
Europe in the near future, “The question will be: how much
of that standard will actually happen worldwide, or will this
be fragmented?”

The consequences of fragmentation
From the investor’s perspective, fragmented standards in
ESG reporting means there will be a lack of comparability.
“That’s going to be a hinderance in terms of enabling the
climate transition to happen,” Windmöller said.
Furthermore, this is going to be a headache for companies,
Windmöller continued. “Companies, especially international
banks, will have difficulty communicating precisely on what
they are doing, because they have to address so many
different audiences with differences messages.”
This of course opens the opportunity for greenwashing,
which can erode the credibility of ESG reporting and data.
“You will probably always find regulation somewhere that
allows you to tag whatever you have as green,” Windmöller
said.
What’s more, Becker added, is that having no universal
standard, means consumers are less likely to trust products
or different companies, which in turns means that the
positive impact ESG could have on climate change will be
reduced.
Lastly, Windmöller explained, in the EU the goal is to
transition from a ‘brown economy’ to a ‘green economy’, and
that will require adjustments in where capital is spent. “If we
do not see a standardisation across the world, the question
will be how smooth such a transition will happen.”

Latest developments
One of the key latest developments in ESG reporting is the
new EU sustainable standard, the Corporate Sustainability
Reporting Directive (CSRD). The EU is expected to adopt
this new standard in October 2022, which will see an
amendment to the previously Non-Financial Reporting
Directive (NFRD). The CSRD is intended to support the
European Green Deal, a set of policy measures intended
to transform the EU into a modern, resource-efficient, and
competitive economy.

So where does Regnology fit into all this?
Regnology’s mission is to enable transparency and stability
of financial markets. Windmöller said the company achieves
this by providing products and services for regulators and
the regulated; it counts several European regulators such
as the Bank of England among its customers in addition to
many of the largest banks in Europe.

“What we are doing is enabling
the data flow from the
regulated to the regulators,
through technology, services
and consulting. This covers
statistical, financial and
supervisory information.
Millions of data points are being
transferred using our products.
And of course, we leverage
this know-how and experience
to support the industry with
incorporating ESG reporting in
their data flows.”

The company has positioned itself as a market leader in
Europe. It boasts 50 regulators out of 200 worldwide, and
a community of more than 7,000 firms worldwide which
benefit from the company’s software packages, platforms
and advisory services.

“This will make businesses more accountable to disclose
their impacts on people and the planet. This will have a big
impact,” Becker said.
Another development in this context, Becker continued, is
a discussion about incorporating ESG risk drivers into the
prudential framework. “At the moment we have mainly

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Founded 2011

Employees: 51 -100

Segments of Financial Services: Corporate Assessment &
Reporting
Regions of operations: Global operations with a strong
presence in the United States, Germany, and Switzerland

Scanbot offers a B2B product, the Scanbot Software Development Kit (SDK), enabling enterprises to easily integrate
data capture capabilities such as barcode scanning, document detection & scanning, and data extraction functionalities
into their mobile (iOS/ Android) and web applications. For the insurance industry specifically, this enables Scanbot’s
customers to let their policy holders scan and submit documents, invoices, EHICs, and IDs via their smartphones, which
drastically reduces the processing time of claims by about 80%.

Founded 2020

Employees: 51-100

Segments of Financial Services: Supply chain management &
sourcing
Regions of operations: United Kingdom, Europe, Asia

Sourceful is an all-in-one platform for sustainable sourcing. They help mission-driven brands to succeed by designing
and making better, more sustainable products at scale. Sourceful’s initial offering is packaging — the most ubiquitous
and wasteful part of the product ecosystem. They’re on this mission because sourcing, producing and managing
more sustainable packaging is hard, even though consumers want it and the planet needs it. Global supply chains are
complex, greenwashing is rife, sourcing workflows are mostly slow and offline and reliable carbon data is rare. Fastscaling businesses therefore often don’t have the capacity or resources to find new products they can trust. Sourceful
helps businesses create more sustainable packaging in two ways. First, they act as an end-to-end packaging partner,
handling everything from sustainability advice, packaging design and sampling to production, logistics and warehousing.
Second, they have an intuitive, all-in-one platform, where any business can easily customise packaging from the ground
up to meet their needs and reduce their footprint.

Founded 2019

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis
Regions of operations: Globally – with main regions United
States, Europe, Australia

Sust Global are making it easy for organisations to seamlessly access and integrate climate risk data. This ensures that
their customers can be climate aware in all decision making, whether it’s for TCFD reporting or planning for future
climate risks and opportunities.

© 2022 FinTech Global and Investor Networks Ltd

REGION: GLOBAL | SECTOR: ESG

COMPANY
RESEARCH
PROFILE
Founded 2019
Tallinn, Estonia
www.single.earth
info@single.earth
PRODUCT NAME:
MERIT Contribution platform for
businesses; nature-backed MERIT
tokens

Employees: 51-100

KEY EMPLOYEES:
Merit Valdsalu
CEO and Co-Founder
Andrus Aaslaid
CTO and Co-Founder

Regions of operation: Europe and
Latin America

Segments of Financial Services: ESG / Climate risk, Biodiversity

OFFERING
Single.Earth is making the world’s first naturebacked currency minted based on the work
nature does – a financial instrument connecting
wealth to our nature’s health. This instrument
could be either used by companies for their
ESG / nature-positive contributions or by
individuals integrating MERITs to their daily
transactions.
Single.Earth helps businesses to go beyond
the net-zero approach and reach broader
sustainability goals. Businesses can make
a nature-positive contribution with naturebacked MERIT tokens.
With businesses financing ESG / nature-positive
contribution and individuals purchasing the
tokens as the currency of the future, forests
will continue to remove and store carbon,
hold biodiversity, and provide vital ecosystem
services that make the planet habitable for
humans.

PROBLEM BEING SOLVED
Single.Earth was founded to tackle one of
humankind’s most critical challenges: the
destruction of natural ecosystems that support
life.
Despite the pressing urgency, insufficient
solutions still lead us to a soon irreversible
climate and biodiversity crisis. Nature should
be valued for its vital functions that support all
life: the ecosystem services like clean air and
climate regulation.
Single.Earth aims to shift the current paradigm
and incentivise landowners to protect the
ecosystems that make this planet habitable.

TECHNOLOGY
Single.Earth uses satellite data, geospatial
engineering, and machine learning to
represent nature with a global Digital Twin.
The model allows Single.Earth to automatically
assess each plot of land for its forest coverage,
carbon sequestration, and biodiversity. Using
blockchain technology, Single.Earth creates
MERIT tokens and connects money with
nature’s ability to sustain life.
If the models detect unreconciled clearcutting
or land conversion, we cease minting MERIT
tokens.
The Digital Twin is constantly updated and
improved while ensuring transparency and
reproducibility by storing the underlying code
on an open-access GitHub repository.

PRODUCT DESCRIPTION
MERIT is a virtual currency (a token) that represents and protects the work nature does to sustain life by sequestering carbon and hosting biodiversity.
The tokens are issued to landowners based on the ecological value of their lands for as long as they keep their natural resources in good health.
1MERIT = 100 kg of CO2 captured in biodiverse nature. Biodiversity and carbon stocks are also added to the token value.
The tokens can be bought and retired/burned as a contribution to nature and ESG goals like SDG 15 Life on Land. Businesses can sign up to the MERIT
Contribution platform to make a direct nature-positive contribution by ‘burning’ nature-backed MERIT tokens and receive a Contribution Certificate in
return.
MERIT tokens can also be bought and held while Single.Earth roll MERIT out as a nature-backed currency, gradually enabling all monetary activities with
it, such as using it as a payment instrument.
As MERIT is designed to become a payment instrument, it needs price stability. Anything you can do with your money today, you could do with MERIT
in the future. By integrating MERIT into daily purchases, everyone could give back to nature with every transaction.
The number of MERIT in circulation is always capped by how much nature can sustain. By that, Single.Earth creates a fully sustainable nature-based
economy that fits within the planetary boundaries. As nature changes, so does MERIT. This means a regular minting cycle, no fixed supply, and a ‘burn’
mechanism.

TRACTION/GROWTH
• Single.Earth platform for landowners launched in beta in April 2022. Over 1500 preregistered landowners got access to the preliminary land
assessment. Approximately one million hectares of forest and other land types were added within the first five weeks.

• Single.Earth has raised $7.9m in funding from three investors: Icebreaker.vc, EQT Ventures and Ragnar Sass. Single.Earth will use the funding to
launch a nature-backed MERIT tokens marketplace to make nature the new gold.

This document is being provided for information purposes only. It is not designed to be taken as advice or a recommendation for any specific investment or strategy decisions.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

How Single.Earth is tackling humankind’s
most critical challenges
Single.Earth is building a new financial system that puts nature at the
centre of its economy, providing value to landowners and protecting
natural resources.
compensation mechanism for this was created. However,
Valdsalu explained, “We soon realised that compensation
mechanisms are not the only thing that can save the world.
It can be part of the story, but not the entire story.”
The team also realised that this challenge was not confined
to Estonia, but rather this is a global problem. “Landowners
all over the world can only monetise their natural resources
by selling them as raw materials. So, we set out to quantify
all the good things that nature is doing, not just the CO2 they
remove from the atmosphere.”

The creation of digital twins
In order to quantify the range of benefits of natural
resources, Single.Earth built a digital twin of the world’s
nature. “This basically describes how nature works in real
time using satellite data and combining that with big data
analysis and machine learning,” Valdsalu explained.

Headquartered in Tallinn, Estonia, Single.Earth was born
in 2019 initially to solve a local problem: to protect the
country’s forests. Merit Valdsalu, CEO and co-founder of
Single.Earth explained that roughly half of the country is
covered by forests, and many of its residents consider
themselves part of a “forest nation”; it’s part of their identity.
However, these abundant forests were under threat from
deforestation. Valdsalu said this prompted the question of
how to prevent biodiversity loss and mitigate against climate
change.
“We understand the key driver of forest destruction is the
business model. Today, landowners only receive income if
they cut down their forests and sell them as raw material,”
Valdsalu said. Single.Earth turns this business model on
its head, and instead provides a financial incentive to
landowners to keep their forests growing.
“There is more to nature and to forests than just the raw
material, but no one has been able to put a price tag on
this,” Valdsalu said.
The first thing the Single.Earth team looked at was CO2
removal from the atmosphere. As forests grow, they
remove CO2 from the atmosphere. Thus, the idea of a

The idea behind this is to create a system that can
continuously monitor how nature is working, and use this
as an oracle for creating tokens, which the company has
named MERIT tokens.
Each token represents an amount of CO2, the landowner
can then either sell the token, thereby earning money for
keeping the forest, Valdsalu said.
Who participates in the market of these tokens? Valdsalu
said the buyers of the token can be either a company
that wants to make a contribution to nature’s biodiversity,
climate goals, biodiversity goals, or improve its ESG
performance. Or alternatively it can also be bought by
individuals.

A nature-backed currency
Why would an individual want to purchase a MERIT token?
The big vision, Valdsalu explained, is that these tokens will
become a kind of digital currency or cryptocurrency in the
future.
“It is a nature-backed currency that we are creating. It is
not backed by nature as an asset, such as by a hectare of
forest, but rather, it is backed by the work that nature does,
such as CO2 removal,” Valdsalu said. The company is also
already adding biodiversity metrics and carbon stocks into
the equation.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

The tokens can be used and retired or burned as a
contribution to nature, which is something that companies
already do today, Valdsalu continued. Or it can be bought
and held as a form of currency that can be used as a form
of payment. Holders of these tokens can start paying with
this nature-backed currency when crypto payments become
more mainstream.

Landowners don’t want to destroy natural resources,
Valdsalu continued, but without a viable and accessible
alternative model, they are often left with no choice. The
only other alternative on the market is carbon crediting
programmes, but Valdsalu said these programmes focus on
creating additional carbon, through tree plantation projects
for example.

Given the vast amount of projects and investment in the
space, Valdsalu believes that crypto payments will become
more mainstream “sooner, rather than later.” Within the
next couple of years, she added, crypto payments will
become part of our daily lives, “and it’s great to have a
token that is not just part of the new financial system but
is bringing a huge positive impact to the world. It has more
value than just being a more transparent and efficient way
to conduct a transaction.”

Moreover, carbon credit prices tend to be quite low,
which means there isn’t enough of a financial incentive.
Landowners also face significant barriers to accessing these
sorts of programmes, with high upfront costs and long
manual onboarding procedures.

A truly net zero economy
Single.Earth’s vision goes deeper than already pre-existing
carbon credits or the like. Instead, it creates a new type of
economy that is bound by nature’s resources, and therefore
generates a more sustainable type of economic growth.
“What is key in this narrative” Valdsalu said, “is that the
number of tokens in circulation is always limited to how
much nature can sustain, which means that we are also
limiting the economy to how much nature can sustain. It’s
the ultimate sustainable economy, whereby the companies,
consumers and landowners participating are part of a fully
sustainable, net zero economy.”
The way this model works is that nature is constantly
creating tokens that go into circulation, but then tokens are
also removed, otherwise there would be significant inflation.
“Nature continuously creates value, we use (some) of it, and
so we also remove tokens,” Valdsalu said.
However, given that the economy is bound by nature, this
poses the question: will economic growth therefore be
stunted?
Valdsalu argues no, the economy is still able to grow but it
is more about fostering a circular economy. “The number
of tokens taken out of circulation depends on the footprint
of the product or service in the future. If you are purchasing
a new pair of jeans, then the number of tokens that will
be removed out of circulation will be higher. But if you are
buying second hand jeans, then we don’t have to remove
anything from the circulation.”

“Our platform on the other
hand, with the digital twin that
we have created, is accessible to
all landowners of various sizes
and across the globe.”
A global mission
So far, Single.Earth has focussed on the European Economic
Area (EEA). This is because the company has a virtual asset
service provider license here, which means its KYC and AML
onboarding procedures can be done online automatically.
However, the company has big plans to scale in the near
future, having already onboarded for one landowner in
Brazil who owns more than 400,000 hectares of rainforest.
“We are really interested by the impactful lands which are
located in Southern America, Africa and Southeast Asia,”
Valdsalu said. The company is also looking to target the US
and the UK. Amid ever increasing concerns about climate
change, it seems the desire to turn the ecological value of
nature into goods to build a more sustainable world is a
mission that is not confined to any one region.

This means that the future of growth would be built on
a circular economy. So, reusing the materials that have
been collected, and every time new resources have been
extracted, that must be given back.

The benefit to landowners
According to Valdsalu, the reception to Single.Earth’s offering
to landowners has been extremely positive. “Landowners
are really excited that nature conservation can be financially
beneficial to them,” she said.

© 2022 FinTech Global and Investor Networks Ltd

75

ESGFINTECH100 Profiles

Founded 1992

Employees: 1,001-5,000

Segments of Financial Services: ESG/Climate Risk, ESG
Intelligence & Data Analysis
Regions of operations: United States, Canada, United Kingdom,
Romania, India, Germany, France, Netherlands, Sweden, Japan

Sustainalytics-Morningstar provides a holistic solution to investors for the purpose of meaningfully bringing ESG into
their investment workflows. They provide data, research, ratings, benchmarks & platforms to allow clients to perform
stock selection, fund selection, analysis, reporting & education. We service stakeholders across the value chain including
individuals, advisors, wealth/asset managers, asset owners & corporates; really contributing to cohesion across their
organization.

Founded 2020

Employees: 101-250

Segments of Financial Services: Offsetting Analytics &
Marketplaces, Carbon Credits (ratings and investments)
Regions of operations: A remote first company with staff in
United Kingdom, United States, Serbia, Ireland. Customers span
all geos.

Sylvera is the leading carbon ratings platform, delivering independent & in-depth project reports & market intelligence
to corporate sustainability teams, financial intermediaries & exchanges. Sylvera helps buyers discover and invest in high
quality carbon credits as part of their net zero strategies.

Founded 2013

Employees: 251-500

Segments of Financial Services: Investing Products/Data,
Banking Products/Data
Regions of operations: United Kingdom

The UK’s greener, digital bank providing hard working people across the UK with sustainable ways to borrow and
save. Find out how Tandem Bank can help you enjoy a more affordable lifestyle while reducing your carbon footprint.
Borrowing and saving is all about making the future you dream of reality. Tandem offer sustainable financial services to
help achieve your personal goals while protecting the future of our planet.

© 2022 FinTech Global and Investor Networks Ltd

REGION: GLOBAL | SECTOR: ESG & FINANCED EMISSIONS PLATFORM

COMPANY
RESEARCH
PROFILE
Montpellier, France

www.sweep.net

Scope of work: 5,000+ users
across Europe, North America,
and Asia

hello@sweep.net
Employees: 51-100

Key capability: Carbon management for investment portfolios, CDP benchmarks, embedded Partnership for

Carbon Accounting Financials (PCAF) methodology, Contribution Analytics & Marketplaces, ESG/Climate
Risk.

WHAT
Sweep is a data-driven platform that
makes it easy to understand, manage,
and reduce your carbon footprint.
Its dedicated financed emission
solution, Sweep for Finance is the
most advanced solution that enables
financial institutions to obtain a
complete, real-time picture of
investment emissions and collaborate
with portfolio companies on emission
reduction.

WHY
Regulations, ESG scrutiny, and
customers are pushing investors
and their portfolio companies to
take responsibility for their planetary
impact. But they need to tackle
a complex data collection and
coordination exercise to effectively
reduce their collective footprint.
Sweep for Finance connects financial
institutions to their investees, so
they can accurately track and act on
their portfolio emissions – protecting
them from climate risks, reputational
damage, and compliance violations.

HOW
Sweep for Finance provides the
tech infrastructure needed to allow
the exchange and collaboration
of carbon data between investors
and investees. Through CDP-based
benchmarks, carbon assessments,
and secured data collaboration
features, financial investors can map
100% of their emissions and generate
a reduction across their portfolios.
Following the Partnership for
Carbon Accounting Financials
(PCAF) methodology, it also delivers
comprehensive and fully auditable
reports following any national or
industry reporting requirements.

ABOUT SWEEP
After raising $100 million within 12 months of launching publicly, Sweep continues to grow and tailor its carbon
management platform features to major greenhouse gas emitting industries. It’s been working with various financial
organizations, such as COATUE, 2050, and Mirova, and was ranked among the top 3 providers for carbon financial
management in the Carbon Management Software Green Quadrant 2022 by the independent research firm Verdantix.
Sweep is B Corp-certified and a member of the World Bank’s Carbon Pricing Leadership Coalition, France Invest, and
Finance for Tomorrow. The company is also a signatory of the UN Principles of Responsible Investment.

This document is being provided for information purposes only. It is not designed to be taken as advice or a recommendation for any specific investment or strategy decisions.

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

How Sweep is empowering financial
actors to become agents of global
decarbonization
We sat down with Marie-Anne Vincent, Sweep’s VP of Climate Finance,
to catch up on the latest ESG trends & challenges, and how Sweep’s
dedicated finance solution can help financial institutions reduce
their portfolio emissions and stay compliant with the latest reporting
standards.
The SaaS platform’s network approach to carbon
management is already being used by several financial
organizations, including 2050, Coatue, and Mirova. “We ask
investors to upload investment information to give them
portfolio emission snapshots. We start like this to give them
a global overview of their climate impact.”
“We use the Carbon Disclosure Project (CDP) benchmarks
to encourage companies to report carbon emissions on the
CDP platform. Based on CDP data, Sweep computes a first
footprint estimation for each investee, so you can identify
the hotspots within their portfolio, which enables to focus all
your energy on reducing the biggest-emitting investments
or largest emitters and can then dedicate resources to
climate-proof ventures.”

“At Sweep, we really believe finance has a big role to play to
accelerate global decarbonization,” said Marie-Anne Vincent,
VP of Climate Finance. “Together, top financial institutions
manage trillions of dollars globally, which is massive! It also
means they can empower their portfolio companies to
reduce their climate impact, all while making investment
decisions to build a low carbon future.”
Vincent stresses that they need to obtain the data and
information to measure, track, and reduce financed
emissions together with portfolio companies – something
which is difficult to achieve without data-driven and sciencebased tools.
She said, “For us, it was very important to develop Sweep
for Finance with a collaborative approach to carbon
management – that can democratize climate action and
make sure any employees, partners, and any stakeholders
can understand, calculate, and act on their carbon footprint
– from tracking commute to work to how much the
emissions of a portfolio company feed into an investor’s
total footprint.

Vincent stated that the company has implemented the
PCAF methodology, which is similar to the Greenhouse
Gas Protocol applied to financed emissions. Based on
the Partnership for Carbon Accounting Financials (PCAF)
methodology, each company gets a data quality score – to
give full transparency on how emissions were calculated,
from modelled to reported.
She continued, “You can improve your score if you collect
more data and therefore can get a more accurate carbon
footprint. At Sweep, we send carbon assessments to
portfolio companies. Even if they don’t really know much
about carbon, our surveys include accessible questions and
everything can then be automatically calculated. The only
thing left is sharing results externally with other investors
and stakeholders. They will be able to start their climate
journey from this first initial carbon footprint.”

The role of data and science to address ESG
challenges
One of the key challenges for many in the ESG industry
is ensuring that companies remain compliant with the
constantly shifting regulations in the financial industry.
“Generally, investors are being asked to report on various
things, but they don’t necessarily have a lot of data and

© 2022 FinTech Global and Investor Networks Ltd

ESGFINTECH100 Profiles

information. They need to report their carbon and ESG
impacts at least once a year, for example.
“When we built Sweep for Finance, we made sure that they
could be autonomous on the platform and understand
their climate strategy. That way, they can use the data to
communicate to all external stakeholders and ensure they
are compliant on other metrics they are asked to report on.”
Vincent remarked, “The great thing about platforms like
Sweep is that you can use the data to generate reports that
comply with the latest regulations and frameworks, which is
very handy for an area that keeps changing.
Vincent highlighted key developments globally that are
pushing the needle on climate and ESG issues. She noted
the move by the U.S. Securities and Exchange Commission
(SEC) to address some climate disclosures for corporates
and banks. Mostly everywhere in the world, the financial
sector needs to report following the Task Force on Climaterelated Financial Disclosures (TCFD) framework.
She continued, “This is why we need to make sure these
companies have the right tools to do it – to avoid any data
gap and ensure data quality. Doing this process on Excel
is not doable for organizations with over 300 portfolio
companies. They just can’t calculate all their financed
emissions in real-time. The easiest and most effective way to
do it is to have everything automated.
“Beyond measuring, getting access to up-to-date data will
help inform both their investment strategy and reduction
roadmap. In Sweep, you can simulate any action, for
example, and get a good understanding on how it’ll impact
your carbon footprint in short, medium, and long terms.
Without this, it can take weeks, if not months, and a lot of
human resources to get there.”

ESG trends to watch
A key trend to watch is greenwashing. “There are two
worlds: the true believers and the opportunists.”
“There are already a lot of financial institutions who are
convinced tackling climate change is key. They’ve started
readapting their business models and integrating climate
risks into their existing financial risks – meaning every
investment decision is made based on climate-related
criteria.

get a score from 0 to 100 and depending on the ESG data
provider, you don’t know the methodology and you can’t
compare one to another one. When you look at all the
different scores, they don’t align which makes it hard to say
whether a company is doing good or bad.
“Therefore, I think it is difficult today to trust ESG scores
and it is more meaningful to have single metrics for carbon,
biodiversity, and impact metrics for gender equality – at
least then you can take action and monitor what you are
doing.”

What’s next
Sweep plans on further expanding its ESG tracking
and reporting capabilities to best support companies
and financial institutions in meeting all ESG reporting
requirements.

“Sweep for Finance can
democratize climate action
and make sure any employees
or partners can understand,
calculate, and act on their
carbon footprint – from tracking
commute to work to how much
the emissions of a portfolio
company feed into an investor’s
total footprint.”
“In the same way we’ve embedded network-effects in
Sweep, we want to collaborate with climate-committed
leaders and organizations to make a real impact together.”

Then, there are also the opportunists, Vincent mentioned,
who are more likely to fall into the greenwashing category.
“It’s not hard to take shortcuts in terms of data reporting
and tick the boxes, but it won’t be easy to escape regulators
or media scrutiny.”
As for the biggest challenge in the ESG industry, Vincent
cites data and credibility. While the environmental aspect
– primarily carbon for finance – can be quantified through
physical data and emission factors, it can be harder when it
comes to social and governance as it is more qualitative.
Vincent remarked, “An ESG score is like a black box: you

© 2022 FinTech Global and Investor Networks Ltd

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ESGFINTECH100 Profiles

Founded 1968

Employees: 10,000+

Segments of Financial Services: Corporate Assessment &
Reporting
Regions of operations: Europe, India, South Africa, United
States, Canada, Singapore, Japan, Australia, New Zealand,
United Arab Emirates

WealthMapper & Insurance-in-a-Box provide a full range of products and services spanning back office, advisory
and digital channels for the insurance and wealth sector. Financial Institutions can leverage the WealthMapper for
unlocking new market potential with goal-based savings, financial planning, automated-advisory, sustainable investing,
automated rebalancing, micro-savings, lending and mortgages, portfolio management, funds and equities and many
more accelerators. Insurers, Managing General Agents (MGAs) and brokers can use Insurance-in-a-Box for fast-tracking
their digital greenfield start-ups or for transforming their current lT landscape in a future proof flexible platform. Both
Property & Casualty as well as Life & Pension lines of businesses are supported. Together with their partners Tietoevry
empower their customers with best-in-class solutions in an Open Ecosystem mode. Their modular and pre-packaged
approach ensures flexible and optimum cost of ownership. Their customers are able to innovate and invent new
services and business models. Tietoevry is a leading Nordic digital services and software company, creating digital
advantage for businesses and society.

Founded 2014

Employees: 250-400

Segments of Financial Services: Corporate Assessment &
Reporting
Regions of operations: Europe, North America, Asia

Tractable is an Applied AI company that uses the speed and accuracy of artificial intelligence to visually assess cars
and homes. Its solutions aim to help people work faster and smarter, while reducing friction and waste – better for
businesses and the planet. Trained on millions of data points, Tractable’s AI-powered solutions process more than $2
billion in vehicle repairs and purchases annually, and connect everyone involved in insurance, repairs, recycling and
sales of cars and properties – helping people work faster and smarter, while reducing friction and waste. Founded in
2014, Tractable is the AI tool of choice for over 35 world-leading insurance and automotive companies, including over
10 of the Fortune Global 500.

Founded 2018

Employees: 51-100

Segments of Financial Services: ESG Intelligence & Data
Analysis, Investing Products/Data
Regions of operations: United Kingdom, United States

Tumelo is an impact-focused financial technology firm. Tumelo empowers investment providers to give their customers
transparency over the companies they are invested in and a voice on issues that matter, like climate change, human
rights and gender equality. The Tumelo solution is delivered via APIs and/or a white-label user-facing dashboard. Their
software connects with investment platforms and pension schemes to create a seamless user experience, improving
customer engagement, insight, acquisition and retention. Tumelo works closely with fund management and stewardship
teams so that the voice of underlying customers is heard in decision-making and future strategic development.

© 2022 FinTech Global and Investor Networks Ltd

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ESGFINTECH100 Profiles

Founded 2017

Employees: 11-50

Segments of Financial Services:ESG/Climate Risk, ESG
Intelligence & Data Analysis
Regions of operations: United Kingdom, United States

Util is a sustainability data provider shining a light on the social and environmental impact of 45,000 listed companies.
Investors work with Util to screen for equities aligned with, and report on portfolio performance relative to, the 17
UN Sustainable Development Goals (SDGs). Objective, reliable, and universal, Util’s data is rooted in natural language
processing, which is applied to 120 million peer-reviewed texts to identify relationships between products and
sustainability concepts. Results are aggregated to a revenue- and geographically-adjusted company level to reveal the
positive and negative impact of every public company. Its data and research have been recognised by a number of
prestigious awards, including ESG Research of the Year at Environmental Finance’s Sustainable Investment Awards 2022
(winner), Best Sustainable Investment Research & Ratings Provider and Best Sustainable Thought Leadership Paper at
Investment Week’s Sustainable Investment Awards 2022 (finalist), and Best Sustainable Investment Research & Ratings
Provider at Investment Week’s Sustainable Investment Awards 2021 (finalist).

Founded 2016

Employees: 51-100

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Offsetting Analytics & Marketplaces, Supply Chain Screening,
Investing Products/Data, Banking Products/Data, Regulatory
Change Management
Regions of operations: Europe / United States

Worldfavor was founded in 2016 based on the idea that every person and business can make a difference by being
able to make truly sustainable decisions. But the problem that the founders saw was that there was no place for
organizations (or consumers) to connect to access and share the sustainability information needed to do so. With this
insight, it was clear that they needed to create the Worldfavor platform. They’re here to accelerate transparency and
empower sustainable decisions for businesses. Worldfavor are working hard each day to make sustainable business
mainstream and shape a future where people, the planet, and the economy thrive together. They are a Stockholmfounded global platform for sustainable decisions – set to become the de-facto platform for sharing and accessing
sustainability information (Environmental, Social and Governance, ESG, data). It’s like LinkedIn but for companies to
connect to access and share their ESG information.

Founded 2018

Employees: 11-50

Segments of Financial Services: ESG/Climate Risk, Corporate
Assessment & Reporting, ESG Intelligence & Data Analysis,
Supply Chain Screening
Regions of operations: Globally

YvesBlue is the only solution that delivers an end-to-end, ESG Software as a Service Platform (ESGSaaS). The YB platform
significantly lowers costs, delivers integration of ESG/ impact investing in seconds, and systematically provides the
required knowledge and expertise to transform data into meaningful and actionable insight. Their goal is to accelerate
the adoption of ESG investing across the financial investment community helping to meet the rapidly growing demand
in the market.

© 2022 FinTech Global and Investor Networks Ltd

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ESGFINTECH100 Profiles

Founded 2008

Employees: 51-100

Segments of Financial Services: Investing Products/Data,
Regulatory Change Management
Regions of operations: United Kingdom, France, Germany,
Luxembourg, Ireland, Australia, United States and India

Zeidler Group is a technology-driven provider of legal, regulatory, reporting and ESG services for the asset management
industry. We’re geo-neutral because it’s a better way to serve our clients and meet the requirements and demands of
the markets that they operate in. We champion fresh ways to work efficiently with our clients and redefine value. Our
clients include some of the largest, most respected names in the industry, as well as boutique operators. Zeidler has
offices in London, Frankfurt, Dublin, Paris, Luxembourg, Mumbai, Melbourne and New York.

Founded 2020

Employees: 1-10

Segments of Financial Services: Investing Products/Data
Regions of operations: United States, United Kingdom

Zeti uses its patent-pending ZERO platform to enable pay-per-mile finance contracts directly between investors
(alternative investment managers, banks, private offices) and fleet operators. It is a environmental FinTech that
is revolutionizing transport finance for good. Operators benefit from usage-based billing to truly understand the
profitability of their fleet. Financiers benefit from real-time investment performance reporting. Both benefit from a realtime granular data set of the environmental benefits achieved by the investment to report to their stakeholders.