[Funding alert] Innovative ESG Management Solution FINGREEN AI Raises €1 Million to Transform Sustainable Finance in Europe

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This achievement firmly establishes FINGREEN AI as the leader in Europe's burgeoning sustainable finance sector. Their innovative SaaS solution is poised to reshape how corporations, investors, and lenders navigate the complexities of ESG obligations.

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Louis Frank, CEO, FINGREEN AI said, "In Europe and many other parts of the world, the regulations governing ESG reporting are becoming increasingly complex for financial players. This is a positive development for us, as it imposes new standards requiring companies to disclose detailed information about the environmental impact of their portfolios. This automatically creates a new demand for reliable, transparent and compliant ESG reporting solutions. That's where we come in," says Louis Frank, CEO of FINGREEN AI, adding, "Our fundraising will enable us to accelerate the deployment of our solution, particularly in Europe where the SFDR / CSRD / lSSB and others are imposing strict new ESG reporting standards on companies.

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The sustainable finance market is rapidly expanding, with an estimated worth exceeding €1 billion and an impressive annual growth rate of 22%. FINGREEN AI's strategic alignment with new European regulations, including SFDR, CSRD, and ISSB, positions it as a vital player in aiding financial entities in navigating the evolving landscape of ESG reporting.

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Bastian R. Larsen, CEO, BlackWood Ventures said, "We are immensely proud to be part of Fingreen AI's journey. Fingreen is building on a solid use case for the application of AI within sustainable finance. The timing could not be better and their dedication and innovation align with our vision of driving positive change. We are also happy to be involved, as users and investors, in their continued growth and the contributions they will make to fight greenwashing and black box methodologies in ESG reporting."

About FINGREEN AI

Founded in 2022, FINGREEN AI boasts visionary leadership, including CEO Louis Frank (HEC Paris), CTO Sébastien Peterson (formerly with Google), COO Nick Inge (formerly with ANZ), and ESG Lead Linda Doutch (formerly with Deloitte/ex BNP Paribas). Since the launch of its SaaS platform in May 2023, the company has been dedicated to three key strategic directions.

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FINGREEN AI's platform is meticulously engineered to streamline the collection, centralization, and reporting of ESG data. It offers invaluable support to businesses and financial institutions working towards their sustainability goals and complying with regulatory reporting requirements.

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