#SustainableFinance / New open banking app Yayzy launches ‘carbon off-setting-as-a-service’

Billing itself as a ‘Fitbit for Carbon’, Yazy wants to turn payments data into environmental impact offsetting.

Consumer-consciouness around climate change is a rapidly growing trend. Yayzy, a London-based fintech startup, has launched an app to help users off-set their emissions… Users connect their bank accounts, debit cards and credit cards to its app via open banking and Yayzy says it can estimate the carbon impact for each item of users spending in real-time.

Mankaran Ahluwalia, co-founder and CEO of Yayzy, told AltFi that the app can also guide users into making better purchases, from a carbon perspective, by suggesting alternatives but its long term hope is to provide the service for digital banks and other fintechs.