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Doconomy Expands in the US to Meet Demand for Innovative Climate Solutions
- Doconomy opens new office in New York City to serve rapidly- growing demand from banks for tools to help clients track and reduce carbon emissions
- Clearvision Ventures invests in Doconomy to accelerate U.S. market growth, joining existing investors such as Mastercard and Citi Ventures
- Doconomy partners with Plaid to provide the world’s leading climate impact calculations for financial transactions to Plaid’s network of 12,000+ financial institutions
- The new U.S. team includes banking, fintech and sustainability experts
STOCKHOLM & NEW YORK – OCTOBER 17, 2022 – Doconomy, a leading player in climate technology that helps banks, brands, and consumers to measure, understand and reduce their environmental impact, today announced its first U.S. office in New York City.
This will accelerate the expansion of Doconomy’s digital services to meet financial institutions’ growing demand for everyday climate solutions. Doconomy’s U.S. expansion is backed by Clearvision Ventures, the premier venture capital firm at the intersection of software and sustainability, joining existing investors including Citi Ventures and Mastercard.
To spearhead growth in the United States market, Doconomy has built a team with more than 50 years of cumulative experience across companies including Capital One and New Energy Nexus. Key new hires include Aaron McCreary, Director of Business Development – North America and Andrew Green, Senior Advisor who together bring expertise from leading banks, sustainable finance, and climate policy organizations.
As an official partner of this year’s Climate Week NYC, Doconomy launched The 2030 Forecast in Times Square in Manhattan, a first-of-its- kind climate literacy project giving the public an estimate of weekly carbon emissions generated in the US, with minimal delay.
Doconomy has also partnered with Plaid, a data network powering the digital financial ecosystem, to enable Plaid customers to provide carbon impact services to their clients. Doconomy’s solutions provide information on impact per transaction in CO2e and H2O to Plaid’s network of banks and FinTechs – which connects to 12,000+ financial institutions and 6,000+ financial applications across the US, Canada, and Europe.
“We are delighted to be working with our partners to make our leading impact assessments available to more businesses in the United States to decarbonize their lending and secure new green growth opportunities,” said Mathias Wikström, CEO of Doconomy. “By working together, we can help millions of people track their emissions and take action for a more resilient tomorrow. We are thankful to Clearvision for their support and look forward to working together, alongside our existing investors, to continue Doconomy’s growth throughout this exciting next chapter.”
Many of the world’s leading banks and payment providers, such as BNP Paribas, Standard Chartered, and Klarna, use Doconomy’s digital services to help their customers become more sustainable and meet their ESG targets. Doconomy has partnered with Mastercard, also an investor in the company, on a range of initiatives to help its cardholders reduce their carbon emissions since 2019. Citi Ventures, the venture capital unit of Citibank, was part of a consortium that invested in Doconomy in January 2022.
Founded in Sweden in 2018, Doconomy partners with financial institutions to develop disruptive digital services that help customers understand their carbon emissions and cut their footprint. These are built using the company’s world-class impact assessment methodologies and data, behavioral science expertise and the creative direction of a multi-Cannes Lion award-winning team.
Doconomy senior executives will be speaking at this year’s Money 20/20, the largest global fintech event, in Las Vegas between October 23-26.
Daniel Ahn, Managing Partner at Clearvision Ventures said: “We are pleased and privileged to partner with Doconomy in their expansion into the US, as well as their longer-term vision to become the global category and standards leader in transactional and product carbon footprint data.”
About Doconomy
Doconomy, founded in Sweden in 2018, is a world-leading provider of digital services for everyday climate action. Doconomy wants to future- proof life on planet earth by empowering individuals and corporations to take responsibility for their environmental footprint. We firmly believe that the climate crisis can only be solved as a collective. Doconomy is also a partner of the United Nations Framework Convention on Climate Change (UNFCCC), Mastercard, S&P Trucost, the World Wildlife Fund (WWF), Mitsui, and Parley for the Oceans. Visit www.doconomy.com for more information.
About Clearvision Ventures
Clearvision Ventures is a premier venture capital fund that invests in the category leading companies at the intersection of software, data and sustainability from a long-term evergreen fund. All of the partners at Clearvision have founded successful technology companies, and each have decades of VC company building experience.
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About Doconomy
Doconomy, founded in Sweden in 2018, is a world leading provider of applied impact solutions. Doconomy wants to future-proof life on planet earth by empowering individuals and corporations to take responsibility for their environmental footprint. We firmly believe that the climate crisis can only be solved as a collective. Doconomy is also a partner of the United Nations Framework Convention on Climate Change (UNFCCC), Mastercard, S&P Trucost, the World Wildlife Fund (WWF), Mitsui, and Parley for the Oceans. Visit www.doconomy.com for more information.
