Startup ClimateTrade Facilitates the Financing of Projects That Reduce or Eliminate Greenhouse Gas Emissions

Startup ClimateTrade Facilitates the Financing of Projects That Reduce or Eliminate Greenhouse Gas Emissions

06 Jun 2023 2 minutes

In the Elevator Pitch blog series, startup companies that SIX supports or advises introduce themselves. Today, you’ll get to know ClimateTrade. CEO and co-founder Francisco Benedito explains how he and his team approach the pressing problem of climate change.

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What Does SIX Do for Startups?

In 2015, we founded the F10 FinTech Incubator & Accelerator, known today as the Tenity FinTech Incubator & Accelerator. We support startups through a strategic involvement in Tenity and as a corporate member. With SIX FinTech Ventures, we maintain our own funds for Corporate Venture Capital. In the Elevator Pitch blog series, startups that are either supported via SIX FinTech Ventures or that have participated in programs from Tenity introduce themselves.

ClimateTrade

  • Location: Miami, USA and Valencia, Spain
  • Founded: 2019
  • Employees: 41
  • Sector: Climate

Today’s pitch comes from Francisco Benedito, CEO and co-founder of ClimateTrade.

What Does ClimateTrade Do?

“At ClimateTrade we firmly believe that the integration of technology and sustainability is the key to ensuring a sustainable future for our planet. On our offsetting platform, the climate marketplace, private individuals and companies can directly offset their CO2 footprint by, for example, supporting reforestation, biodiversity, and initiatives for renewable energies. Thanks to blockchain technology, individuals and companies use our climate marketplace to buy emissions credits without intermediaries, and with full transparency. With our plug-and-play solutions such as APIs and Whitelabels, companies also have the opportunity to give their clients access to the functions of our marketplace in order to offer climate neutral products and services.”

Thanks to blockchain technology, individuals and companies use our climate marketplace to buy emissions credits without intermediaries, and with full transparency.

Francisco Benedito, CEO and co-founder of ClimateTrade

How Do the Experts at Tenity FinTech Incubator & Accelerator Rate the Startup ClimateTrade?

Jonathan Seiler, CFO of Tenity FinTech Incubator & Accelerator explains why he finds the topic of financing projects that reduce or eliminate greenhouse gas emissions relevant, how he assesses the market potential of ClimateTrade, and why he believes in the startup. 

1. Why We Find This Topic Relevant

From a short- to medium-term perspective, regulation ensures that companies reduce their greenhouse gas footprint in order to remain competitive. Emissions that companies are unable to prevent are offset through platforms like ClimateTrade.

2. Our Assessment of the Market Potential

The regulation of corporate greenhouse gas footprints has already started in many markets and awareness of this issue is growing rapidly. ClimateTrade’s solution will be relevant to almost all companies operating in a regulated market.

3. Why We Believe in This Startup

CEO of ClimateTrade, Francisco Benedito, has all the relevant experience, and has many times demonstrated that he successfully brings his plans to fruition. This is reflected in ClimateTrade’s very strong growth. 

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SIX supports domestic and international startups that are highly scalable, that create added value for the financial centers in Switzerland and Spain, and are independent enough to grow on their own.

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