ESG Today writes that 2018-founded Doconomy develops software tools for banking institutions that can help those drive climate action through encouraging customers to make sustainable financial decisions. One of the company's solutions is "Impact Transactions", which measures the CO2 footprint that financial transactions have. "Impact Finance" is another tool, aimed at improving the financial well-being of customers, encouraging sustainable behaviors.

Mathias Wikström, Doconomy CEO and Co-Founder, said that "Doconomy works to help build a world where sustainability is the norm – and accessible to all. We want to make every transaction count by empowering everyone to play their part in tackling the climate crisis.”

UBS Next and CommerzVentures were among the investors who participated in the 34 million euros financing round and Doconomy said that it will use the funding to expand its presence in North America, as well as to expand its product portfolio.

Michael Baldinger, Chief Sustainability Officer of UBS, added that "UBS Next’s investment in Doconomy underscores our focus on fostering innovation to provide the data and actionable insights our clients need to make informed choices about their investments and effect the change they want to see."