NewTech Friday: Symbiose Management – Pushing back the frontiers of green finance
Symbiose Management is a French startup that provides a negative CO2 investment product based on tree plantation. We ask their Founder and CEO Marwen Nefati to tell us more about it.
Symbiose Management is a French startup that provides a negative CO2 investment product based on tree plantation. We ask their Founder and CEO Marwen Nefati to tell us more about it.
What led to the creation of Symbiose Management?
As I used to work in an investment bank in France, my daily routine was upset by a massive blockade by Greenpeace. There was no way to get to the office in the morning. This action echoes in my head years later and I have been thinking about it. Does our action have an impact on climate change? Are we acting in the right way? What do we do to improve ourselves? Is it enough?
One year ago, as I became a father, I knew it was now or never to push back the frontiers of green finance!
Could you present Symbiose Management’s offer?
To fight growing ecological concerns, we at Symbiose Management are empowering people to address climate change from the bottom up, by providing them the first negative CO2 investment product based on tree plantation in the investors’ locale. You make a profit through the formation of wood which will become lumber, while – unlike any other investment product – generating negative CO2 footprints.
Symbiose Management is built on two cornerstones. First, a strong ecological commitment, anchored in collaborations with specialized NGOs, and secondly, a flexible investment option as our innovative continuous tree pricing model enables you to enter or exit your investment at any time.
With Symbiose Management, fighting climate change is done by the people for the people, through investing in the planet for the planet!
What's coming next for Symbiose Management?
Our first milestone will be this winter with our first tree plantations with one of our first corporate partners. Among the milestones of 2023, we should close our funding round, which will enable us to grow the team and secure our regulatory application. Finally, being incorporated in Luxembourg thanks to the LHoFT and its Catapult Program is a tremendous milestone for us, since we will launch our negative carbon investment product in 2023 from Luxembourg!
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