Finance for Tomorrow announces the winners of the 5th edition of the Fintech for Tomorrow Challenge
On the occasion of Climate Finance Day, Finance for Tomorrow awarded the prizes for the Fintech for Tomorrow Challenge. For the 5th year running, this call for projects, a benchmark in terms of supporting and promoting green and sustainable fintechs, has rewarded innovative projects whose activities support the transformation of financial sector practices and/or the redirection of flows towards a sustainable and inclusive economy.
Innovation is the key to changing financial practices and financing the ecological transition. Yet only 8% of fintechs are focused on green finance. It was to accelerate this momentum and strengthen the contribution of fintechs to the ecological transition that Finance for Tomorrow created the Fintech for Tomorrow Challenge 5 years ago. As disruptive players, entrepreneurs have the capacity to propose alternatives to traditional models and to support the transformation of the financial sector.
After four years crowned with the entrepreneurial success of previous winners (Descartes Underwriting, Eco Tree , Greenomy…), this new edition takes on a new dimension thanks to the mobilization of numerous new partners, but also by rewarding, for the first time, the winners of financial prizes. Another new feature is the Fintech for diversity and inclusion prize, which recognizes and rewards the role of fintechs in supporting the just transition by encouraging the emergence of inclusive financial solutions, driven by entrepreneurs from all walks of life.
This year, the Challenge Fintech for Tomorrow has awarded three prizes aimed at accelerating innovation, international development and inclusion.
Discover below the winning projects of the 5th edition of the Fintech for Tomorrow Challenge!
The ‘Fintech for Tomorrow’ prize, which recognizes new models for transforming the financial sector, has been awarded to ORMEX. This climate tech, which offers a digital marketplace for the voluntary trading of agricultural carbon credits, received a prize of 16,000 euros and will benefit from a one-year incubation period at Swave, as well as mentoring and a Masterclass with Seabird Impact.
The ‘International Potential’ prize, aimed at supporting the international deployment of solutions for transforming the financial sector, was won by Sweep for Finance. This solution enables financial players to obtain a complete overview, in real time, of the emissions of their investments, and thus collaborate with the companies in their portfolio to reduce their climate footprint. It receives a prize of 16,000 euros, a one-month incubation period at Station Fintech Montréal and mentoring from Techstars Amsterdam.
The ‘Fintech for Diversity and Inclusion’ prize, promoting inclusive financial solutions, has been awarded to ToumAI, a Saas software for data collection, measurement and impact analysis in Africa. It received the sum of 16,000 euros, as well as a year’s incubation at the Liberté Living Lab, a Masterclass with Seabird Impact and mentoring by Techstars Paris.
A Coup de Cœur prize was also awarded by France Assureurs, partner of the Fintech for Tomorrow Challenge, to the ESG steering platform Greenscope, for its solution to support financial players in the deployment of European sustainable regulations.
Discover the 2022 finalists
Read the press release
In addition to these 4 award-winning fintechs, 8 other finalists stood out from the 64 entries:
- CarbonABLE, Symbiose Management, Valuecometris and Wequity: finalists for the ‘Fintech for Tomorrow’ prize;
- Greenly: finalist for the ‘International Potential’ award;
- Aphaia and Climatize Earth: finalists for the ‘Fintech for Diversity and Inclusion’ prize.
- Synomen : finalist for the Coup de Cœur #FranceAssureurs.