Global Startup Heat Map highlights 10 Green Finance Startups to Watch in 2023
Through the Big Data & Artificial Intelligence (AI)-powered StartUs Insights Discovery Platform, which covers over 3 790 000+ startups & scaleups globally, we identified 863 green finance companies. The Global Startup Heat Map below highlights the 10 green financing startups you should watch in 2023 as well as the geo-distribution of all 863 startups & scaleups we analyzed for this research. Based on the heat map, we see high startup activity in Western Europe, followed by the US. These emerging sustainable finance and investment companies work on solutions ranging from green finance loans to ESG financing and decentralized autonomous organization (DAOs) to emission tracking.
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As the world’s largest resource for data on emerging companies, the SaaS platform enables you to identify relevant technologies and industry trends quickly & exhaustively. Based on the data from the platform, the Top 5 Sustainable Financing Startup Hubs are in London, New York City, San Francisco, Singapore & Berlin. The 10 hand-picked startups highlighted in this report are chosen from all over the world and develop solutions for green funding, carbon credit validation, blockchain-powered investments, as well as sustainable finance and investment.
10 Top Green Finance Startups to Watch in 2023
Companies are actively advancing green finance efforts by developing innovative financial products and services that promote sustainable practices. Through these offerings, they facilitate investments in environmentally friendly projects and technologies. Moreover, companies are proactively integrating environmental, social, and governance (ESG) considerations into their investment decision-making processes. Businesses now conduct thorough assessments to identify and mitigate potential environmental risks and opportunities, helping institutional investors to make effective decisions. Sustainable financing companies are also collaborating with financial institutions, governments, and non-profit organizations to establish frameworks and standards that promote transparency and accountability.
- Earth3.0 – Renewable Financing
- SustainFi – Carbon Marketplace
- SustainSME – Sustainable Loan Framework
- Neufin – Green Financing Platform
- senken – Regenerative Finance
- Carbonx Climate – Carbon Removal
- ClimaView – Sustainable Lending Tracking
- Pomona Labs – Urban Farming Funding
- Secured Carbon – On-Chain Climate Performance Bonds
- CarbonX Global – DAO-powered Green Financing
Earth3.0 aids Renewable Financing
Earth3.0 is a Swedish startup that offers renewable financing. The startup’s marketplace utilizes blockchain to digitize renewable assets for investors to invest in renewable projects. These projects then power small and medium enterprises (SMEs), which account for a significant amount of businesses in the world. As a result, Earth3.0’s marketplace allows SMEs to reduce their massive carbon footprint while making investments more liquid and transparent for investors.
SustainFi offers a Carbon Marketplace
SustainFi is a US-based startup that develops a carbon marketplace. It connects carbon projects to investors and off-takers to source environmental credits. The marketplace allows carbon project developers to pre-sell credits, get market intelligence, and reduce transaction costs. Additionally, investors utilize the marketplace to filter potential investments by project types, location, registry, and size as well as compare different projects. Moreover, they get access to market and project intelligence tools to source early-stage carbon projects.
SustainSME builds a Sustainable Loan Framework
SustainSME is a Swiss startup that makes a sustainable loan framework. The startup’s marketplace allows financial providers to finance SMEs committed to sustainability and create sustainability-linked loan frameworks for each SME. The startup further offers a servicing tool to monitor borrower performance and better manage sustainability-linked cash flows. This allows banks and institutional investors to deliver on their ESG commitments and benefit from government policies that support the financing of SMEs.
Neufin develops a Green Financing Platform
Neufin is an Indian startup that creates a green financing platform. It simplifies access to climate-specific financial institutions and products. The startup’s financial products include commercial loans for green initiatives and projects, global carbon market access, carbon finance, and grant capital. Moreover, the startup caters to various industries like waste-to-energy (WTE), biofuels, electric vehicles (EV), forestry, and sustainable agriculture. The platform also supports anti-money laundering (AML), counterparty risk management, listing management, and more. These features allow financial providers to digital voluntary carbon market platforms and exchanges to maximize value and revenue.
senken enables Regenerative Finance
senken is a German startup that provides a gateway for regenerative finance. It allows investors to create traceable, on-chain carbon credit portfolios from several carbon avoidance and removal projects. The gateway’s open distributed ledger also ensures full carbon transparency while smart contracts offer safe and credible transactions. This enables businesses to offset unavoidable emissions and achieve net-zero operations.
Carbonx Climate simplifies Carbon Removal
Carbonx Climate is a French green finance company that offers permanent carbon removal solutions for its corporate customers. The startup aggregates the demand from corporates into buyer coalitions and secures large-volume deals with a continuously managed pool of carbon removal projects. Carbonx Climate’s projects include direct air capture (DAC), enhanced weathering, ocean alkalinity, bio-based storage, and more. As a result, businesses gain access to permanent carbon credits through its platform while also preventing greenwashing allegations for corporations.
ClimaView facilitates Sustainable Lending Tracking
ClimaView is a UK-based startup that offers a cloud-based platform for tracking sustainable lending transactions. It analyzes and reports on financed emissions and associated climate risks as well as sets effective data-driven mitigation strategies. This allows banks and non-banking financial institutions (NBFCs) to identify physical and transitory risks.
Pomona Labs aids Urban Farming Funding
Pomona Labs is a Singaporean startup that makes a gamified decentralized finance (DeFi) agricultural platform. It promotes collective ownership of vertical farms to enable profit-sharing between producers and consumers. For this, the startup combines Google Cloud, a decentralized microservice cloud architecture, blockchain, the Internet of Things (IoT), and a proprietary digital token, dVeg. As a result, the startup’s vertical farms offer real-time growth tracking for lifecycle traceability. Moreover, the decentralized approach hedges operational risks associated with agriculture.
Secured Carbon provides On-Chain Climate Performance Bonds
Secured Carbon is a US-based startup that offers on-chain, verified, climate performance bonds. The startup commercializes the hardware and data science innovations of the University of California Berkeley Environmental Air-Quality and CO2 Network (BEACO2N) to measure emissions. It then validates the effectiveness of green transportation networks on CO2 concentration to link the externally measured and verified impact to performance bonds and carbon offsets. They benefit carbon-negative economic activities.
CarbonX Global offers DAO-powered Green Financing
CarbonX Global is a Hong Kong-based startup that provides DAO-powered green financing. The startup allows participants to vote on and fund projects as a community. The sustainable projects go through a rigorous assessment before adding them to its platform. Institutional and corporate clients are able to invest in these green projects through CarbonX Global’s marketplace. This allows investors to earn fractional ownership of new green technologies while startups and emerging companies benefit from incentives to push their products.
Discover All Emerging FinTech Startups
The FinTech startups showcased in this report are only a small sample of all startups we identified through our data-driven startup scouting approach. Download our free FinTech Innovation Report for a broad overview of the industry or get in touch for quick & exhaustive research on the latest technologies & emerging solutions that will impact your company in 2023!
