Fintech sustainability start-up, ecolytiq, has been shortlisted in the prestigious Finance for the Future Awards for its innovative Sustainability-as-a-Service solution.
Established in March 2020, ecolytiq was inspired and co-founded by CPO, David Lais, after feeling stunned by the volume of plastic waste when visiting a beach in Thailand. With an extensive background in the finance and payments industry – including a focus on building better digital experiences with payment transaction data – David realised that personal payment data had the untapped potential to help consumers understand their individual impact on the environment and inspire a massive shift in consumption habits.
Developed in partnership with six seasoned entrepreneurs, ecolytiq now enables banks, fintech companies and financial service providers to show their customers the individual impact their purchasing behaviour is having on the environment with its unique Sustainability-as-a-Service® solution. To encourage real change, ecolytiq also offers banking customers context and content around their individual calculations, as well as the ability to offset their footprints and invest sustainably.
Shortlisted for ‘Innovative Project’ – a category that recognises businesses which have the potential to change organisations to be more sustainable – judges were impressed with ecolytiq’s capability to empower the banking and finance industry with the data needed to drive environmental change at a consumer level.
David Lais, co-founder and CPO of ecolytiq, confirmed: “Over the last 18 months or so, we have worked incredibly hard to not only build a solution that banks and financial institutions can utilise to assign impact values to their customers’ payment transactions in real time – but to also provide context and content around their environmental footprints so that consumers are able to offset their footprints and invest more sustainably. The financial industry has real potential to drive the green agenda and we are delighted to be recognised for our role within it by being shortlisted in the Finance for the Future Awards.”
Established by the Institute of Chartered Accountants in England and Wales [ICAEW], the Finance for the Future Awards recognise financial leadership in building sustainable economies. Now in its 9th year, the awards ceremony is being held ahead of COP26 – the UN Climate Change Conference – where the ICAEW will celebrate climate action with the Finance for the Future Award winners.
Headquartered in Berlin, Germany, ecolytiq is part of the Visa Fintech Partner Connect Programme, which enables banks to seamlessly implement sustainability strategies using Visa payment data. Over the last 6 months, the B2B2C provider has more than doubled headcount from 20 to 50 diverse and passionate team members.
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The Sustainability-as-a-Service® solution from ecolytiq enables banks, fintech companies and financial service providers to show their customers the individual impact their purchasing behavior is having on the environment in real time. The ecolytiq software calculates personal environmental impacts, such as CO2 values, on the basis of payment transactions. In November 2020, ecolytiq joined the Visa Fintech Partner Connect programme, enabling banks to seamlessly implement their sustainability strategies using payment data. www.ecolytiq.com
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