3 years ago

Carbonplace Raises $45 Million to Scale Carbon Credit Transaction Network

  • Carbonplace, a London-based carbon credit transaction network, has secured USD 45 million in funding led by a consortium of nine financial institutions including BBVA, BNP Paribas, CIBC, Itaú Unibanco, National Australia Bank, NatWest, Standard Chartered, SMBC, and UBS

  • The company plans to utilize the funds for platform scaling, team expansion, and accelerating partnerships with carbon market participants

  • Carbonplace aims to connect buyers and sellers of certified carbon credits through their banks, facilitating secure transfer and ensuring transparency in the carbon credit market.

      • ProblemFinancial Services

      "facilitating the secure transfer of carbon credits between buyers and sellers"

      Solution

      "a digital platform that connects buyers and sellers of certified carbon credits through their banks, allowing for simultaneous settlement and immediate transfer of ownership upon payment"

      Covered on