Climate tech startup Doconomy acquires Dreams Technology
Summary
Under the acquisition, Doconomy will implement Dreams Technology’s proprietary platform, which uses behavioural science to offer ways to boost banking customers’ digital engagement and financial wellbeing. Through this, Doconomy will offer its existing banks and financial institutions an extended science-driven product portfolio that will include modules for climate smart savings, debt management and investments. The companies stated their combined solution will be the first to deliver a best-in-class digital experience that promotes financial wellbeing, encourages sustainable consumption choices and effectuates climate action at scale. Speaking on the deal, Doconomy CEO and co-founder Mathias Wikström said, “The acquisition will allow us to embed the unique methodology Dreams Technology has built over the years together with their suite of proven products. “We’re confident that our joint forces will accelerate climate literacy while giving a major boost to the financial industry’s transition to net zero – making every transaction count for both people and the planet.” Doconomy’s flagship solution is the world’s first transaction-based carbon footprint calculator, which launched in 2017.