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Swedish fintech startup grabs $60M for expansion and open banking-powered instant payments

Swedish fintech startup grabs $60M for expansion and open banking-powered instant payments
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Climate risk platform Cervest raises $30M Series A led by Draper Esprit – TechCrunch

Climate risk platform Cervest raises $30M Series A led by Draper Esprit Cervest – a startup with a platform that claims to quantify climate risk across multiple decades and threats down to the asset level – has raised a $30 million Series A round led by Draper Esprit. Previous investors Astanor Ventures, Lowercarbon Capital (Chris Sacca), and Future Positive Capital also participated in the round, and were joined by new investors UNTITLED, the venture fund of Magnus Rausing, and TIME Ventures, the venture fund of Marc Benioff. Cervest’s total funding now stands at $36.2 million. It previously raised $5.2M in 2019. Cervest’s competitors include Jupiter Intelligence, which has raised $35M to Series B level, but Cervest claims it has a more data + AI approach.

United statesIggy bassiChris saccaMagnus rausingVinoth jayakumarMarc benioffAstanor venturesLowercarbon capitalFuture positive capitalJupiter intelligenceBusiness intelligenceClimate intelligenceFintech practice leadDraper espritஒன்றுபட்டது மாநிலங்களில்இயீ பாஸி

Cervest secures $30 million in Series A funding to launch world s first AI-powered Climate Intelligence platform and lead new $40 billion market

CMIP6), machine learning, and cutting-edge statistical science to present a unified view of climate risk that s never before been possible. EarthScan™, the first product on the platform, gives users on-demand access to current, historical, and predictive views of how combined risks such as flooding, droughts, and extreme temperatures can impact the assets they own or manage. Insights are available across multiple risk categories simultaneously, going back 50 years and looking forward 80 years. EarthScan™ helps users to de-risk business decisions, meet TCFD financial disclosure guidelines, improve asset resilience, and uncover new opportunities to accelerate low-carbon growth. Climate Intelligence is business Intelligence for managing climate risk, said Iggy Bassi, Founder and CEO of Cervest. Climate volatility has thrown us into a new era where Climate Intelligence needs to be integrated into all decisions. Organizations that fail to do so risk being blindsided by climate

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