NewTech Friday: ecolytiq – Leading sustainability for the finance industry
ecolytiq's Co-Founder and Managing Director, David Lais, tells about their groundbreaking climate engagement platform and their exciting plans for the future.
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.
Could you present ecolytiq 's offer?
The ecolytiq climate engagement platform helps financial service providers cover the full sustainability value chain for end consumers. From awareness to engagement to action, we empower customers to take impact into their own hands – with the help of their banks. Our products infuse climate impact calculations into transaction details, giving customers more transparency. We take the next step by integrating a curated content library of climate insights that provide practical advice to reduce personal emissions. The new sustainable lifestyles are then supplemented with access to carbon credits and impact investing – all within their digital banking apps. Preliminary data shows that our solution reduces footprints on average by 13%.
What's coming next for ecolytiq?
Exciting announcements, new markets, more impact – there’s a lot to look forward to for ecolytiq in the next few months. We are looking to go live with some very well-known financial powerhouses in the near future. We are also looking to expand into new markets like the US, the Middle East and Latin America. Each new partner is a new opportunity for scalable environmental impact. Stay tuned!
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