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Climate Startups Thrive Amid Global Fintech Funding Struggles Finds Tenity

Despite the doom and gloom associated with fintech funding in 2022, Tenity‘s Climate Fintech report found climate fintech startups were anomalies to this trend, as funding increased globally. Tenity (formerly F10), the fintech innovation ecosystem, analysed data from 607 startups and found that Europe was the region that secured the most climate-focused funding. 

The Climate Fintech report found that every region saw accelerated funding. Though LatAm and APAC did not see much funding, it was still considerably more than other investment sectors. Meanwhile, North America saw $640million raised, while Europe secured just below $1billion.

The environmental, social and governance (ESG) regulatory space has vastly developed over the last few years. With consumers putting such an onus on this, more startups have tailored their products to cater to ESG. According to the report, the number of startups supplying digital assets solutions has increased from 46 to 72. Furthermore, 225 startups in total are classifying themselves as ESG data and analytics solutions.

The Tenity report also highlights an increase in female founders. More than a third of all climate fintechs have a female CEO or co-founder. For startups founded between 2019 and 2022, this rate is at 37 per cent versus those founded three years ago with 35 per cent (2016-2018).

Commenting on the findings, co-founder and CEO of Tenity, Andreas Iten said: “There is increasing pressure on both companies and governments to bolster their sustainability commitments in response to growing demands for environmental action. The different use-cases and applications, on top of growing relevance in financial markets, means the role of climate fintech is more important than ever. Tenity is well positioned to support this growth.”


  • Francis is a journalist and our lead LatAm correspondent, with a BA in Classical Civilization, he has a specialist interest in North and South America.

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