Green Fintech for companies and banks
London-based green fintech Echo is gearing up for a year of sustained growth. Today, the company revealed a number of unique product updates, and for the first time has opened the service to employers, banks and payment providers. These exciting announcements come ahead of the imminent announcement of the company’s expert council. ekko offers built-in sustainability for the digital economy.
The startup’s award-winning technology combines real-time carbon tracking, carbon offsetting, reforestation and plastic waste removal with banking and payment services in one multi-channel, easy-to-deploy solution. For the first time, ekko’s service is now available to employers, banks and payment providers worldwide, whereas previously it was only available to consumers. ekko has today announced that it has launched an expanded product suite, which includes “ekko API” for any payment provider or bank in the world to use the real-time effect technology and “ekko incentives”, an employee benefits platform to empower teams to live more sustainably.
The new solutions will enable businesses and individuals across a range of sectors and geographies to integrate sustainability into every transaction. The company is thus at the forefront of the use of financial services in the fight to tackle climate change. Backed by a founding team of respected banking and fintech experts, echo has a strong purpose: to use the reach of financial services to empower people and businesses to start their sustainability journey. Ekko’s partnership already includes providing access to UEFA Champions League football clubs with PAYFAN, and name businesses.
As part of its commitment to strengthen the environment in everyday life, echo remains a member of the Mastercard Priceless Planet Coalition. The global platform helps to unify the company’s sustainability efforts while encouraging companies and users to take collective action on climate goals. In particular, the forest restoration model is dedicated to planting 100 million trees and reforesting in geographies with the greatest global need.
CEO and co-founder, Oli Cook, said: “ekko’s vision is to give more people the opportunity to reduce their impact on the environment. We’ve opened up our technology to any employer, bank, card or payment provider, meaning thousands of organizations can now deliver tangible and measurable impact with their colleagues and customers. “The financial industry has the potential to be a gateway to green for many, and we plan to make 2023 the year when this gateway is fully opened. Our powerful technology enables employers and banks to adapt the solution to meet their ESG goals, including on-the-ground partnerships with businesses like Prevented Ocean Plastic that save and recycle plastic bottles before they hit the ocean.”
