Fintech targeted by climate skeptics banks $37 million from likes of UBS, CommerzVentures
Publishing timestamp: 2024-05-30 12:15:41
Summary
Swedish climate fintech startup Doconomy raised 34 million euros in a Series B round co-led by UBS and CommerzBank. The company plans to use the funds to expand into North America and develop new products to help clients measure their CO2 footprint. The investment underscores the growing interest in climate fintech as governments push for ESG targets and reduced carbon emissions.
Sentiment: POSITIVE
Tickers: UBSG-CH, UBS, CBK-FF, MA, CBK-DE, C,
Keywords: breaking news: technology, technology, commerzbank ag, citigroup inc, business news, mastercard inc, ubs group ag, alternative and sustainable energy, fintech, enterprise,
Source: https://www.cnbc.com/2024/05/30/ubs-backs-37-million-round-for-climate-fintech-startup-doconomy.html