F10 announces a Climate FinTech Incubator in the Nordics & Baltics

By Joy Dumasia

F10, with its partners, announces the world’s first Climate FinTech incubator in the Nordics & Baltics for cutting-edge Climate FinTech & Insurtech startups with solutions that increases the innovation pace in the global transition towards a net zero society. According to a recent report conducted by F10, analysing the data of over 400 climate FinTech startups enriched by collaborative data partners, Commerz Ventures and New Energy Nexus, there has been a substantial shift in Climate FinTech innovation. For the financial industry and all business operations, as well as society, the evolving area of Climate FinTech enables and accelerates this transition.

The goal is to support these promising startups by providing training, coaching & mentoring on a variety of topics to strengthen the teams and secure successful business and investment opportunities ahead. The program will also provide exposure and introductions to leading organisations, banks, corporates, FinTechs, advisors, and investors, all driven by the urge to find, collaborate with and invest in new solutions for improving sustainability and climate issues. 

We are excited to have Doconomy as one of the first supporters of the program, bringing their unique experience in building a leading climate FinTech on a global scale. Doconomy, based in Stockholm, Sweden, provides leading impact data services for individuals and corporations to help educate, engage and reduce environmental impact. As they are constantly developing their ecosystem to drive positive change, supporting the program will be a natural step for engagement with new aspiring climate FinTechs.

The program runs over six months, built around 5 masterclasses, culminating in a demo day to celebrate the startup achievements and present them to leading organisations, banks, corporates, and investors. The program will run in various locations for deeper engagement and to become part of the thriving sustainability and fintech ecosystems. 

Anders Norlin, Head of F10 Nordics and Baltics, commented: “The region has developed a strong innovation culture with thriving tech startup ecosystems, utilising the high digitalisation rate and tech-savvy population. One area that has developed particularly strong the last decade is fintech with exponential growth. This, together with sustainability awareness, creates a “green model” of integrating sustainability, tech and finance, paving the way for Climate and Green FinTech. We are excited to drive this forward with our new program.”