Yayzy provides APIs for financial institutions to embed real-time carbon tracking and offsetting into their customer applications. This allows banks and FinTechs to offer users insights into their spending's environmental impact and engage with certified carbon offset projects.
Funding
$679.5K 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
Financial institutions face challenges in empowering their customers to understand and manage their environmental impact. Existing solutions often lack seamless integration, hindering the adoption of climate action initiatives within banking and FinTech platforms.
Solution
Yayzy provides a comprehensive suite of APIs that enable financial institutions to embed carbon tracking and offsetting capabilities directly into their customer-facing applications. This integration allows banks and FinTechs to offer their users tools to monitor their personal carbon footprint in real-time, understand the environmental impact of their spending, and engage with certified carbon offset projects. By facilitating climate action, Yayzy helps these institutions enhance customer engagement and unlock new revenue streams. The platform leverages advanced algorithms and extensive emissions data to provide accurate and actionable sustainability insights.
Target Audience
The primary target audience includes banks, credit unions, and FinTech companies seeking to integrate environmental, social, and governance (ESG) features into their digital offerings.
Features
- **Transaction Categorization API**: Granularly categorizes financial transactions into over 100 impact categories using a proprietary algorithm grounded in Life Cycle Assessment (LCA) data.
- **Carbon Footprint Calculation API**: Computes real-time carbon footprints by matching transaction data with greenhouse gas (GHG) intensity factors, incorporating lifestyle data (e.g., diet type, travel class) for enhanced accuracy.
- **Offsetting API**: Provides access to a portfolio of certified carbon offset projects that align with UN Sustainable Development Goals, enabling users to compensate for their carbon footprint.
- **Merchant Sustainability Data**: Integrates data on merchants' climate commitments (e.g., net-zero targets, carbon neutrality pledges) to inform user decisions.
- **White-label App Integration**: Offers a white-label application that financial institutions can embed to provide a branded user experience for carbon tracking and offsetting.
- **Plug-and-Play APIs**: Designed for rapid integration, allowing implementation within days.
- **Data Security**: Employs bank-level encryption and view-only access for transaction data, adhering to stringent security protocols.
- **Regulatory Compliance**: Registered with the Financial Conduct Authority (FCA) and Information Commissioner’s Office (ICO).