Doconomy raised €34 million in a Series B funding round co-led by UBS Next and CommerzVentures to enhance financial wellbeing tools for young adults in KBC's app.

Jan 03, 2025•6 months ago

Amount Raised

€34 Million

Round Type

series b

StockholmFinancial Services

Investors

Commerz VenturesUbs Next

Description

In May 2024, Doconomy successfully secured €34 million in a Series B funding round focused on integrating financial wellbeing tools into KBC's mobile app. This partnership aims to assist young adults in improving their savings habits through innovative features.

Company Information

Company

Doconomy

Location

Stockholm, Stockholm County, Sweden

About

Doconomy is a Stockholm, Sweden-based impact fintech company founded in 2018 by Mathias Wikström and Johan Pihl. The company provides applied impact solutions to empower individuals and corporations to assume responsibility for their environmental footprint, fostering a sustainable lifestyle for all. It serves over 100 clients in 35 different markets and has established key partnerships with organizations such as the United Nations Framework Convention on Climate Change (UNFCCC), Mastercard, S&P Trucost, and World Wildlife Fund (WWF).

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Based on industry data

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VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Doconomy raised €34 million in a Series B funding round co-led by UBS Next and CommerzVentures to enhance financial wellbeing tools for young adults in KBC's app.

Investors

Description

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