Hong Kong-based Allinfra, which is helping institutions meets sustainability goals, has scored $6m in funding.
The round was led by global financial services group Nomura. Other backers were not named, but the round included new and existing investors.
With the funds, the FinTech company hopes to scale its product development and sales resources for its sustainability data management software Allinfra Climate and asset tokenisation platform Allinfra Digital. Funds will also be used to expand across industries and use cases.
Allinfra leverages technology to help companies meet ESG goals, including data management, powered by auditable, verifiable data for sustainability management, reporting and green finance.
The company claims most green finance efforts have been stalled due to challenges around collecting reliable, auditable data.
Allinfra co-founder and CEO Dave Sandor said, “We are thrilled to benefit from the synergies and institutional support from Nomura.
“It’s validating to have leaders in the financial markets recognise the value of our technology and its ability to revolutionise climate-aligned products.”
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