Nordics & Baltics

8 Climate Fintechs selected for world’s first dedicated Incubator in the Nordics & Baltics

November 4, 2022

8 startups from 6 countries from over 100 applications were selected for the inaugural Climate Fintech incubation program across the Nordics & Baltics by F10, the leading innovation ecosystem powering the future of finance.

This group of ambitious entrepreneurs is looking to positively impact the decarbonization of the global economy through Fintech or Insurtech solutions. The cohort includes solutions from empowering individuals to invest more impactful, via industry climate action solutions, to deep-tech data analyses for increased transparency.

The following ventures will join the upcoming program on November 8th in Stockholm, and will have the opportunity to pitch their solutions for the first time during an official side-event at Slush conference on November 18th in front of an audience of industry experts, corporates and investors.

Azzera, from Canada, is focused on serving hard-to-decarbonize industries by providing emissions measurement and a user-friendly integrated environmental marketplace.  Their technology calculates emissions directly and supports carbon off set purchases instantly – as a one-stop shop for customers needing readily available climate solutions.

Eljun, from Sweden, has a vision of providing a payment engine with all e-mobility services, within the charging infrastructure is already developed. They aim to provide a transparent, and secure, financial service for EV charging, for everyone, from any location.

GreenGrowth, from the UK, is on a mission to empower people to invest for a more sustainable world. Via their unique app, people are enabled to invest in a climate positive way that is transparent, personalized and above all, impactful.

OCO, from Lithuania, offers an automated carbon footprint calculation solution for banks, and their clients. With OCO, banks can track, measure and analyze carbon-intense activity in real-time, fully integrable with EU taxonomy.

Spritju, from Sweden, provides a platform service to guarantee the origin of electricity consumed by any device at anytime, at any location. By that, Spritju empowers B2B services to meet their customer’s demand for sustainable solutions, and transparency.

SustainSME, from Switzerland, has developed a platform that makes it easy for finance providers to offer sustainability-linked finance to SMEs. Their marketplace creates an ecosystem that supports SME-businesses on their sustainability journey.

Weather It Is, from Israel, offers an innovative forecasting technology for insurance risk management. With very accurate forecast modelling, it enables organizations to make weather-intelligent decisions, reducing risks, and maximizing business returns.

Xworks, from the UK, offers a SaaS data platform that enables transparent waste trading, with end-to-end regulatory compliance. This will support businesses in their sustainability work, and at the same time create business opportunities.

During the 6-month intense and hands-on program, the selected startups will receive training, coaching, and mentoring, helping them develop and grow their venture, as well as attract investment opportunities ahead. In addition to the rigorous program, the founders will have ample opportunity to network.

Anders Norlin, Head of F10 Nordics and Baltics, commented:
The interest for the program from startups has been very high, and the variety of climate fintech solutions presented reinforces the interest for more innovative solutions in the needed transition towards a net zero society. Furthermore, I’m very happy to see the extensive interest, and support, from established climate fintechs, and corporates, to engage in the program.”

Investors and corporate partners wishing to engage with this unique cohort of founders and identify the most exciting climate fintech solutions early in order to invest or collaborate, are encouraged to get in touch.

Sign up for our newsletter
Receive the latest news about F10 innovation ecosystem and its programs