Erguvan, an Istanbul, Turkiye-based climate-fintech startup, closed its seed funding round, at a valuation of 7.33m USD (197.9 million TRY).
Backers included Emirates NBD PJSC and DenizBank A.S. (Deniz Ventures).
The company intends to use the funds to refine its flagship marketplace for environmental commodities (carbon credits and RECs) and further develop its API-based carbon accounting software solutions.
Erguvan is a provider of digital infrastructure for corporate climate action. The company offers a B2B marketplace for environmental commodities and API-based carbon accounting software solutions to financial institutions and corporates.
The partnership with ENBD Group will bolster Erguvan’s international expansion and strengthen its commitment to providing a direct, secure, and transparent access to carbon credit and REC markets as well as data-driven carbon accounting tools directly addressing the requirements of financial institutions and corporates.
FinSMEs
09/08/2023