NewTech Friday: ecolytiq – Leading sustainability for the finance industry

Operating at the intersection of technology, finance and sustainability, ecolytiq is on a mission to harness the untapped potential for climate action through innovative solutions that empower consumers to make environmentally conscious choices within their digital banking apps. Their Co-Founder and Managing Director, David Lais, tells about their groundbreaking climate engagement platform and their exciting plans for the future.


What led to the creation of ecolytiq?

ecolytiq operates at the confluence of tech, banking and sustainability. There lies an awesome, untapped potential for climate action. After facing the stark realities of overconsumption in Thailand, I decided to dedicate the rest of my career towards leveraging payments as a tool to put society on a more sustainable track. I first founded the not-for-profit Organisation for Conscious Consumerism that developed the Open Standard, the powerhouse methodology behind the ecolytiq carbon footprinting features. Together with my co-founders, Friedrich and Mirko, I looked to take these principles and make them commercially scalable. We have since then secured a global partnership with Visa as well as other strategic partnerships with the likes of Tink, TSYS and Worldline, a crucial component in scaling us fast enough to meet the urgency of the climate crisis.