End-to-end platform streamlining green debt and carbon origination.
UN Climate Change, Techstars, ABN AMRO, Web3 foundation
The target problem Evercity Platform is trying to solve is to reduce the high administrative costs that issuers of sustainable finance instruments have to pay to structure their green finance issuances. At the same time, financial institutions also face problems related to the transparency of their investments which discourages them from financing more projects in developing countries.
Evercity's platform will streamline the process for both sides, using digital technologies to increase the accessibility of sustainable finance for SMEs in developing countries. They also introduce a new type of financial instrument - carbon forward contracts, which will help SMEs attract early financing to implement their project.
The solution includes a consulting component - its team members can provide guidance and advice on green finance campaigns to underserved population groups.
Helped 5 small businesses attract approximately $1M of financing.
They plan to strategically advance into the US, Gulf Cooperation Council (GCC) and ASEAN regions. Specifically, Southeast Asia - WWF Singapore, Monetary Authority of Singapore, ASEAN Secretariat, etc., GCC Region - GMIS, Sustainable Fintech Alliance (UAE), Global Carbon Council (Qatar), DNV, USA & Canada - Fintech Innovation Lab, Techstars, Ecotrust Canada, EU - LPA, Luxembourg Blockchain Lab, Climate Bonds Initiative. As regular participants of the annual UN Conference on Climate change, they have unique access to customers and decision-makers. They have signed agency agreements with well-established industry consultants and existing platform solutions such as the Frankfurt-based cap-tech consultant LPA. Evercity leads the finance working group in the Climate Chain Coalition.