London-based ESG FinTech company ekko has opened up its services to employers, banks and payment providers for the first time.
Prior to this launch, the services were only available to consumers.
The company has launched an expanded product suite, which includes ekko API. This solution allows payment providers and banks to leverage real-time impact technology. It also released ekko incentives, which is an employee benefit platform to empower teams to live more sustainably.
It hopes these new solutions will allow businesses and individuals to embed sustainability into every transaction.
ekko combines real-time carbon tracking, carbon offsetting, reforestation and plastic waste removal with banking and payment services into one multichannel and simple to deploy solution. Through this, users can monitor their environmental impact.
When using the ekko debit card the cardholder will be helping to plant trees and prevent plastic entering the oceans. It stated that every five transactions pays for one ocean bound platic bottle to be collected and every 50 transactions plants a tree.
Its platform is customisable so it can be tailored to every brand’s needs and deliver unique and compelling propositions, ensuring that each transaction can have a positive impact.
ekko CEO and co-founder Oli Cook said, “ekko’s vision is to empower more people to have the ability to reduce their impact on the environment. We have opened-up our technology to any employer, bank, card, or payment provider meaning thousands of organisations can now deliver tangible and measurable impact with their colleagues and customers.
“The financial services industry has the potential to be a gateway to green for many, and we plan on making 2023 the year when this gateway fully opens. Our powerful technology allows employers and banks to customise the solution to meet their ESG goals, including on-the-ground partnerships with businesses such as Prevented Ocean Plastic who save and recycle plastic bottles before they hit our oceans.”
ekko is part of the Mastercard Priceless Planet Coalition, which aims to unite corporate sustainability efforts. There are 18 restoration projects the coalition is working on, including a model aimed at planting 100 million trees and regrowing forests in geographies with the greatest global need.
In other ESG FinTech news, Yellow, a pay-as-you-go off-grid solar solutions and appliances provider, recently received a $5m loan from Oikocredit.
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