ecolytiq provides a climate engagement solution for banks that calculates the carbon footprint of consumer transactions using an open-source carbon calculation methodology. This technology enables financial institutions to educate customers on their environmental impact and promote sustainable financial products, thereby enhancing customer engagement and driving demand for green loans.
Funding
$14.3M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many consumers are unaware of the environmental impact of their spending habits, and lack the tools to make informed decisions about reducing their carbon footprint. Banks often struggle to engage customers on sustainability topics and promote environmentally friendly financial products.
Solution
Ecolytiq provides a climate engagement platform for banks that calculates the carbon footprint of individual consumer transactions. Using an open-source, ISAE 3000 certified carbon calculation methodology, the platform analyzes transaction data to estimate CO2e emissions. This enables banks to educate customers about their environmental impact through personalized insights, interactive tips, and localized CO2e calculations. Ecolytiq also facilitates the promotion of green financial products, such as green loans and sustainable investments, and encourages donations to sustainability projects, driving both customer engagement and demand for environmentally conscious banking options.
Target Audience
Ecolytiq targets retail and commercial banks seeking to enhance customer engagement, promote sustainable financial products, and provide transparency regarding the environmental impact of consumer spending.
Features
- Transaction-level carbon footprint calculation using an open-source methodology
- Personalized insights and tips based on spending habits
- Interactive tools for exploring the environmental impact of different purchasing decisions
- Integration with bank's existing mobile and online banking platforms
- Support for promoting green loans, sustainable investments, and carbon offsetting programs
- Customizable dashboards for tracking progress and setting goals
- ISAE 3000 certification for credibility and compliance