Ecolytiq is a sustainable banking SaaS. Specifically, their solution integrates with a bank’s infrastructure, which allows banks to analyze individual banking transactions in terms of potential CO2 emissions.

Then, the bank can generate reports summarizing the environmental impact of an individual’s transactions.

The startup has recently partnered with Visa to expand their SaaS to Visa card users.

Ecolytiq raised €13.5M in May from Visa and PwC.

What’s Next

Ecolytiq is part of the Climate FinTech meta trend.

Searches for “climate fintech” have increased by 700% over the last 24 months.

New technologies like IoT, AI and cloud computing are propelling growth in this market.

For instance, McKinsey estimates that using AI to handle food waste can help organizations save up to $123B a year by 2030.

And funding for startups operating in this space is increasing (according to Pitchbook, funding increased 2x last year).

Which explains why this market is forecasted to grow 7.5x in the next six years.

Sungage Financial, Carbon Collective and The Green Exchange are examples of trending climate fintech startups.

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