Climate fintech is an emerging sector of fintech focused on addressing climate change. The amount of funding allocated to climate fintech startups is fueling growth in this space.
But established financial players are also introducing climate-focused initiatives.
For example, Stripe’s Stripe Climate is a service that lets businesses donate some of their revenue towards several climate causes.
Which explains why this market is forecasted to grow 7.5x in the next six years.
Carbon Collective and Solar Holler are examples of trending climate fintech startups.
Climate FinTech is part of the ESG FinTech meta trend.
Searches for “ESG FinTech” have increased by 1400% over the last 24 months.
And according to HBR, FinTech receives approximately a quarter of all impact-oriented investments.