Seed16 May 2024

ekko secures £2m in seed funding led by Fuel Ventures to drive product development and international expansion.

The funding round was led by Fuel Ventures to support international expansion and product development.

£2.0MSeed

London-based climate fintech provider helping banks and payment firms embed environmental impact into financial products.

London climate fintech ekko has secured £2m in seed funding led by Fuel Ventures, with backing from Sorven, Mishcon de Reya, and existing investors. The capital will be deployed to accelerate product development and support international expansion as the firm scales its sustainability platform for banks and payment providers.

The raise follows a series of commercial milestones for the business, including partnerships with Volt, Primis, Stubben Edge, Akoni Hub, and BLME. ekko intends to use the funds to broaden its market reach and drive ongoing innovation across its technology offerings.

Fuel Ventures joins the register as lead investor, highlighting increasing market demand for scalable climate technology solutions within financial services.

From the founder

"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. The time to act on our current climate situation is now. 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."

Oli Cook

Co-founder and CEO at ekko

Investor perspective

"It’s always been important for us that we invest in tech businesses with the potential to scale quickly. The combination of sustainability and fintech embedded into ekko’s unique value proposition means we can immediately see the opportunity for fast growth. The pressure is on for fintech and banking to adopt more sustainable practices and the ekko leadership team has both the banking credentials and the fintech entrepreneurship to make this happen. We’re excited to help the business push onto the next level."