Challenge Fintech for Tomorrow 2020 – Results
The laureates of the 3rd Challenge Fintech for Tomorrow have been revealed on Thursday 29 October 2020, during the Climate Finance Day in Paris. Under the theme “Creating a fertile ground to strengthen the contribution of Fintechs to the ecological transition”, the Challenge attracted more than 40 French and international candidates. 8 French finalists were auditioned by the jury and each of them won a support from the actors of the financial innovation ecosystem. Thanks to the support of ADEME and Climate-KIC, Finance for Tomorrow was able to reward “EcoTree” as the French laureate, “Villyz” as the French Special mention, and finally “Greenomy” as the International laureate.
Since 2018, Finance for Tomorrow rewards solutions able to transform the practices of the financial sector, thanks to the support of the French Agency for Ecological Transition (ADEME) and the EIT Climate-KIC.
The Challenge “Fintech for Tomorrow” mobilizes start-ups and companies with innovative digital solutions, to facilitate the financing of the transition and to reduce the environmental impact of the financial sector. Innovation in the financial sector should play a key role in accelerating the achievement of the Sustainable Development Goals and the implementation of the Paris Climate Agreement. Fintechs have the potential to provide new solutions to the challenges of financing the ecological transition, towards a low-carbon and inclusive economic model. For example, digital tools can promote the transparency of financial flows, ensure the quality of ESG data, develop sustainable accounting for companies by quantifying and reinforcing their positive impact on the climate, and improve access to sustainable financial products for citizens.
To this aim, the Challenge Fintech for Tomorrow is a project of the Paris financial center developed by Finance for Tomorrow to constitute a source of partnerships and development opportunities, strengthening the contribution of Fintechs to the ecological transition. It answers the need to mobilize both the dynamism of sustainable finance and fintech ecosystems, to support the entrepreneurs of the ecological transition and foster the growth of their projects.
Discover below the laureate projects of the 3rd edition of the Challenge Fintech for Tomorrow!
The laureates and the Special mention 2020
- EcoTree – French Laureate
EcoTree is a GreenTech specializing in the ecological and economic valorization of forests and biodiversity.
Its goal: to involve all society in reforestation by making it accessible in a few clicks through a platform.
EcoTree wins an incubation with the Swave, thanks to ADEME funding!
- Villyz – French Special mention
Villyz is a platform allowing local authorities to combine bank and citizen financing in order to carry out projects with social, environmental, and local impact. Villyz reduces the cost of financing for local authorities as well as the cost of distribution for banks, and involves citizens in the development and ecological transition of their communities, thanks to a remunerative and inclusive investment.
Villyz wins a membership to Climate-KIC and a mentorship by Fabrice Dumonteil, CEO, Eiffel IG!
- Greenomy – International Laureate
Greenomy is a RegTech solution that helps actors to comply with the new EU Taxonomy for Sustainable Finance. Greenomy provides the technology to collect, verify and share relevant ESG data and give bespoke recommendations to improve sustainability scores. Such tools will help investors to allocate capital and companies to adjust activities towards sustainability.
Like all the finalists of the international category, the laureate will be able to take part in the “Sustainable Fintech Digital Bootcamp” organised by Finance for Tomorrow!
Re-watch the Awards Ceremony: