CarbonPay is a fintech platform that offers a carbon accounting and benchmarking solution, enabling businesses to measure their carbon footprint and achieve decarbonization targets through supplier-specific data analysis. Additionally, its prepaid expense card automatically tracks and mitigates carbon emissions from transactions, facilitating everyday climate action for companies.
Funding
Funding not disclosed
Founders
Product
Problem
Many businesses struggle to accurately measure their carbon footprint, particularly across their supply chains and everyday transactions, hindering their ability to set and achieve meaningful decarbonization targets. Existing carbon accounting methods can be complex, lack transparency, and fail to integrate directly with payment processes.
Solution
CarbonPay offers a fintech platform designed to simplify carbon accounting and mitigation for businesses. The CarbonPay Axis platform provides carbon accounting, supplier analysis, and benchmarking using supplier-specific data, enabling businesses to measure their carbon footprint and track progress toward decarbonization goals. CarbonPay Ctrl is a prepaid business expense card that automatically tracks and mitigates carbon emissions from transactions, offsetting 1 kg of CO2 for every $1.50/£1 spent. By integrating carbon tracking directly into payment solutions, CarbonPay facilitates everyday climate action and promotes a circular economy.
Target Audience
CarbonPay targets businesses of all sizes seeking to understand and reduce their environmental impact, particularly those looking for integrated carbon accounting and payment solutions.
Features
- CarbonPay Axis: Carbon accounting platform using supplier-specific data for accurate footprint measurement.
- CarbonPay Ctrl: Prepaid business expense card that automatically tracks and mitigates carbon emissions.
- Automatic carbon offsetting: 1 kg of CO2 offset for every $1.50/£1 spent on the CarbonPay Ctrl card.
- Supplier analysis and benchmarking tools to identify carbon hotspots in the supply chain.
- Transparent reporting on carbon emissions and offsetting activities.