UK climate FinTech ekko raises $2.5m funding round

By Gloria Methri

London-based climate FinTech ekko has closed a $2.5 million funding round led by Fuel Ventures and supported by Sorven Partners, Mishcon de Reya and existing investors. The raise will supercharge ekko’s ability to bring sustainability to the forefront of financial services by enabling banks, FinTechs, and payment providers to incorporate planet-positive impact into their products.

After securing several successful partnerships, including FinTech of the Year Volt, Primis, and Stubben Edge and introducing the Planet Saver Account in collaboration with Akoni Hub and BLME, this funding round underscores ekko’s progress in the climate tech sector.

ekko will deploy this new investment to drive innovation as it continues to leverage financial technology to deliver positive climate impact at scale and break down the barriers to more sustainable lifestyles. As part of this, ekko will be bringing leading industry experts to support international expansion and product development.

Moving into the next phase of growth, ekko team’s focus is on faster routes for banks, FinTechs, and payment providers to serve better and empower their customers whilst delivering on their climate and environmental objectives.

Through its FinTech model, ekko supports various impact partners. Working with leading organisations, including Gold Standard, Conservation International, Tusk, and Prevented Ocean Plastic, ekko is supporting carbon compensation, reforestation, and conservation projects and preventing plastic from entering the oceans.

Through the investment from pre-seed and seed specialist Venture Capital firm Fuel Ventures, ekko joins a formidable portfolio of up-and-coming technology businesses.

Speaking on the closure of the funding round, Oli Cook co-founder and CEO at ekko, said, “This fundraise is a recognition of the huge potential of ekko’s business and the resonance of our mission. Welcoming investors of such calibre as Fuel Ventures, Sorven 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. With this raise, we aim to be the disruptor in the market and enable banks, FinTechs, and payment providers to empower their customers to have a tangible and meaningful impact on our world.”