London-based fintech startup ekko has raised a $2.5 million funding round led by Fuel Ventures.
- ekko was founded in 2019 by Manish Vara, Oli Cook, Simon Toller, and Tom Greenwood. The startup develops a platform for banks and payment companies allowing customers to track their impact on the planet and take action in-app, guaranteeing a clean shopping experience.
- Customers can choose to donate to various projects through ekko, including carbon reduction and removal projects, wildlife protection, preventing plastic from entering oceans, and reforestation.
- London-based ekko integrates sustainability into banking apps and checkout experiences, partnering with global brands to make transactions and customer interactions environmentally friendly, including Mastercard, Prevented Ocean Plastic, Gold Standard, Tusk, RSPB, and Conservation International.
- The funding round was led by Fuel Ventures, a London-based venture capital firm that invests in early-stage tech startups with ticket sizes typically ranging between £250,000 and £3 million. London-based Mishcon de Reya and Sorven Capital joined the round.
“This fundraise is a recognition of the huge potential of ekko’s business and the resonance of our mission. Welcoming investors of such caliber as Fuel Ventures, Sorven Partners, and Mishcon de Reya is hugely encouraging. ekko is a very scalable business, and we’re looking forward to seeing the wider influence that this raise will have on our product growth and impact partners, too. The time to act for our climate and nature is now,” CEO & Co-Founder, Oli Cook, said.
- ekko plans to develop its platform, enabling banks, fintechs, and payment companies to incorporate planet-positive impact into their products.
