Climate engagement provider ecolytiq selected as ‘Startup of the Year’ at the 2023 PayTech Awards
5th July 2023: ecolytiq has been recognised as a leader in the European fintech scene by one of the payment industry’s most prestigious awards for its comprehensive climate engagement product suite for banks and financial institutions.
When it comes to climate action, banks cannot afford to delay taking on leadership in sustainability. The need for exponentially scalable solutions has never been so apparent – and this is where ecolytiq shines.
In response to the massive shift in customer demand for climate action, the climate engagement product suite from ecolytiq offers banks and other financial service providers a range of embedded sustainability banking services, designed to harness the massive passion and energy around climate action to drive customer acquisition, boost engagement, and increase share of wallet for banks as a result.
Since launching in March 2020, ecolytiq has generated positive impact by successfully inspiring climate action across Europe and North America, with consumer research carried out by the company showing that bank customers reduced their CO2 footprint by 13% within the first year, and 81% of end users saw their awareness around sustainability increase with ecolytiq.
ecolytiq’s all-in-one Sustainability-as-a-Service® solution allows banks to show their customers the individual impact their purchasing behaviour is having on the environment in real-time, using education and engagement as tools to inspire action. The products personalised its offering based on customer behaviour and offers integrated tools for climate action such as carbon removal projects and impact investing opportunities.
“With climate change becoming a stark everyday reality, it’s no coincidence that sustainable banking is taking over the industry,” said David Lais, Managing Director and Co-Founder of ecolytiq. “Our work is helping banks understand that they have the data and trust to drive much-needed change on this generation-defining topic. The more they engage with sustainable banking, the more they realise that doing good for the planet is good for both business and customers.”
ecolytiq was among 10 finalists in the category for “Startup of the Year”. Now in its sixth year, the Paytech Awards crowned 37 winners and 27 highly commended entries across a number of categories including ‘Best Cards Initiative’, ‘PayTech for Good’ and ‘Rising PayTech Star’ were announced and celebrated at the awards ceremony in London on Friday 30th June 2023.
ecolytiq is continuing to work alongside a growing network of financial institutions, including Visa and Tink, to make sustainable consumption easily accessible and scalable. This award win is further proof that its comprehensive range of services is successful in allowing banks, like Vancity and Rabobank, and their customers to accelerate their sustainability transformations.
Photo: Yash Hirani
The climate action solution from ecolytiq guides banks and financial service providers in channeling consumer demand for sustainability into new business growth. The ecolytiq product suite enriches traditional banking with embedded transaction-based footprinting, personalized climate insights, and access to environmental projects. This inspires more top of wallet behavior, resulting in more positive environmental impact for banks and their customers. ecolytiq is partnered with leading financial institutions globally, including Visa, TSYS, Rabobank, Vancity, and Tink. ecolytiq is also a member of the Visa Fintech Partner Connect Programme, enabling banks to seamlessly implement comprehensive sustainability strategies.
Max Honzik, PR & Content Manager, [email protected], +49 30 2201232-80