Kogo Banks NZ$1 million in Kiwi Carbon Footprint Fintech Venture
New Zealand Fintech Firm Cogo Raises NZ$1 Million to Expand Global Carbon Footprint Management Services
chandni
Cogo, a fintech company specializing in carbon footprint management, has secured NZ$1 million (A$910k) in funding from Soul Capital, an existing impact investor. The investment aims to support Cogo in its mission to assist clients in measuring and reducing their carbon footprint through partnerships with banks.
Operating in 12 countries across Europe, Australia, and North America, Cogo currently serves 16 banks, including notable names like NatWest, ING Group, Australia Westpac, CBA, Suncorp, and recently Kiwibank. The company utilizes carbon emission data from various sources such as electricity and fuel charges to provide personalized recommendations on reducing carbon footprints for individuals and businesses.
Founder Ben Gleisner expressed that the new capital infusion will facilitate Cogo's expansion into North America, Southeast Asia, and other territories. With growing customer demand for sustainable purchasing decisions and climate impact reduction, carbon footprint integration has become a strategic priority for businesses.
Soul Capital CEO Jamie News, who previously supported impactful startups through the Impact Fund, praised Cogo's consistent growth and emphasized the company's potential to bring systemic change to global markets. Cogo aims to raise awareness among millions of individuals and businesses worldwide about the environmental impact of their spending habits, providing the necessary tools to drive sustainable transformations.
