Doconomy
Doconomy provides leading impact data services for individuals and corporations to help educate, engage and reduce environmental impact.
- Fintech, SDG&Impact
- Series A
Location
Stockholm, Sweden
Revenue size
EUR 3 million
Year founded
2018
Funding raised
EUR 22 million
Founders
Johan Pihl, Mathias Wikström
Most relevant investors
CommerzVentures, Ingka, Mastercard, Bank of Åland
Team size
No. of employees: 50
Problem
Many customers wish to reduce their carbon footprint, but don’t know how to measure the environmental impact of their choices.
SOLUTION
Doconomy offers services to payment providers and financial institutions that allows them to measure the carbon footprint of the consumption of their end customers.
The calculations are based on the Åland Index; Doconomy’s market-leading methodology for CO2 emission calculations from payments and financial transactions. The Åland Index provides consumers with an automated breakdown of carbon footprint in more than 150 categories, including healthcare, entertainment, and transportation.
In addition to the Åland Index, Doconomy is building the 2030 Calculator; a technology that enables brands and manufacturers to carbon label their products through automated calculations linked to materials, manufacturing processes, packaging, and transportation.
KEY CUSTOMERS & INTERNATIONAL PRESENCE
Doconomy has partnered with Ålandsbanken, the UNFCCC and Mastercard to make their solution available and globally scalable. Presently Doconomy is able to reach nearly 300 million users.
Unique selling point
Doconomy’s Åland Index methodology for impact calculations is the only globally scalable methodology that targets consumption-related impact in any market around the world.
Asia Connection
Doconomy was sponsored by the Tokyo Metropolitan Government to open its first international office in Japan. It has already partnered with major Japanese players such as Credit Saison and Mitsui to explore carbon calculation solutions. In addition to Japan, Doconomy continues to make great progress in Asia, expanding its solutions in Hong Kong, Mainland China, and Singapore.