London-based climate fintech has successfully closed a £2 million funding round led by Fuel Ventures and supported by Sorven Partners, Mishcon de Reya and existing investors. The raise will supercharge ekko’s ability to bring sustainability to the forefront of financial services by enabling banks, fintechs and payment providers to plug-in planet positive impact into their products.
After securing several successful partnerships, including fintech of the year Volt, Primis, and Stubben Edge, as well as the introduction of the Planet Saver Account in collaboration with Akoni Hub and BLME, this funding round underscores ekko's significant progress in the climate tech sector.
ekko will deploy this new investment to drive innovation as it continues on its mission to leverage financial technology to deliver meaningful and positive climate impact at scale, and break down the barriers to more sustainable lifestyles. As part of this, ekko will be bringing leading industry experts to support international expansion and product development.
Moving into the next phase of growth, ekko team’s focus is on faster routes for banks, fintechs, and payment providers to better serve and empower their customers, whilst delivering on their climate and environmental objectives. By embedding sustainability into financial products, individuals and businesses can begin to make an impact instantly.
ekko supports a variety of impact partners through its fintech model. Working with leading organisations including Gold Standard, Conservation International, Tusk, and Prevented Ocean Plastic, ekko is supporting carbon compensation, reforestation and conservation projects, and preventing plastic from entering our oceans. By choosing to raise this money at this time, ekko is committing to its mission to act now on climate, turning words into action, whilst remaining commercially strong.
Through the investment from pre-seed and seed specialist Venture Capital firm, Fuel Ventures, ekko joins a formidable portfolio of up-and-coming technology businesses. Partnered with the backing from Mishcon de Reya and Sorven, this demonstrates the growing market demand for climate technology and ekko is ideally positioned to capture that demand and harness market growth.
