“The ecosystem here is based on friendship and helpfulness. We as a people in Sweden are keen on the common good: sustainability and mission is talked about a lot here.” Via WIREDUK
Photograph: Christopher HuntClimate fintech Doconomy calculates the environmental cost of every purchase made on its DO credit card. Fed through its API, each transaction is presented in both krona and a carbon footprint rating based on company or merchant category. But the technology aims to do more than raise awareness: Its app also enables customers to take action, offering carbon offsetting options and donations toward global sustainability projects.
Doconomy’s technology has been integrated across Mastercard’s global network; its Impact API has now processed data from more than 2 billion transactions, reaching over 750 million users. Founded by Mathias Wikström and Johan Pihl in 2018, it’s totaled £15.5 million in funding. “Ultimately it’s about disclosing the blind spots of impact,” Wikström says. “We make sure we help facilitate reduction in line with net-zero targets, for both individuals and corporations.
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