Ecolytiq raises 13.5 million euros

Ecolytiq's software informs bank customers about their CO2 consumption and advises them on sustainable investments. The start-up has now received investor funding for its product.

Ecolytiq has received 13.5 million euros in a financing round. The capital comes from Visa, VCM Global Asset Management and Btov. The consulting firm PwC Germany has also invested in the fintech via a Segenia Capital fund.

David Lais and Ulrich Pietsch founded Ecolytiq in 2020. The start-up has developed a technology that analyzes the CO2 consumption of banks' customers based on their payment data and advises them on offsetting and sustainable investments. Ecolytiq has been working with Visa since 2021. Rabobank, Tatra Bank, Tomorrow Bank and Novus are already using the start-up's software.

"We founded ecolytiq with the aim of not only educating consumers around the world about their individual impact on the environment, but also empowering them to take action," says Ecolytiq co-founder David Lais. "We are delighted to have found investors who not only support and believe in our vision, but also personally share the same values and belief in a better future." The start-up intends to use the capital from the financing round to further develop its solution and expand its offering in existing markets in Germany, Canada and the USA.