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Doconomy

Doconomy

Helping banking customers understand the carbon footprint of their purchases.

Company data

Country

Sweden

Year founded

2018

Sector

Fintech

Technology

API provider, Big Data

Business model

B2B2C

Revenue 2019

No. of emplyees

20-49

Funding types

4

Funding stage

Series A

Total funding received

6 million

Investors

Founders, Mastercard, Bank of Åland

Many customers wish to reduce their carbon footprint, but don’t know how to measure the environmental impact of their choices. Doconomy provides a mobile banking solution, the DO card, that enables account holders to check and mitigate this impact.

The DO card provides an automated breakdown of customer spending by carbon footprint into fifty categories, from
restaurants to health care to entertainment and transportation. The calculations are powered by the Åland Index, the leading index solution for CO2 emission calculations for payments and financial transactions. The DO card also enables the customer to offset their associated emissions and invest for positive impact.

Doconomy has partnered with Ålandsbanken, the UNFCCC and Mastercard to make their solution available and globally scalable. Presently Doconomy has over one million users. Doconomy’s vision is to activate a circular ecosystem, by connecting the consumer, the producer, the retailer, and influencer to achieve a sustainable lifestyle for all.

https://www.youtube.com/watch?v=Ug5k1j5CfM8&ab_channel=DoconomyAB