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Yayzy
Company typePrivate limited company
IndustryFinTech, CleanTech
FoundedOctober 21, 2019; 5 years ago (2019-10-21) in London, England
FounderMankaran Ahluwalia,[1] (CEO)
Cristian Dan,[2] (CTO)
Pedro Cabrero Nassar,[3] (CFO)
Headquarters
London
,
England
ProductsCO2 Purchase Analysis as B2B API, iOS and Android Mobile apps for B2C
Websiteyayzy.com

Yayzy is a London-based software company which developed and operates an application for estimating personal carbon emissions, based on a consumer's behaviour, including purchases and environmental work.[4] It also provides this technology to banks and fintechs,[5] as an application programming interface, to offer CO2 tracking, calculation, reduction and offsetting to their customers.[6] The company uses machine learning and big data analysis to assess purchases and provide users with carbon emissions data associated with their purchases.[6]

History

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Yayzy was founded in London in 2019 [4] in the Antler Startup accelerator[7][8] and graduated in 2020 receiving funding.[9][10][11][12] It then released Yayzy Footprint Calculator on iOS and Android, [13] which was featured in the AppStore.[14][15][16] In November 2020, Yayzy announced a partnership with EcoSphere+ to sell the carbon offsets provided by EcoSphere+ in Yayzy's mobile app.[17][18]

The company announced in August 2022 that they had expanded their bank support in order to connect bank accounts in 30 countries including the European Union, the United States and Canada.[19]

Products & services

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Mobile App

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Yayzy's principal product is a mobile app that attempts to calculate the environmental impact of a user's spending by connecting to their bank account's purchases,[20][21] using the Open banking standard.[22] It also provides users with suggestions for more environmentally friendly alternative merchants, as well as greener personal behaviours and more effective means of mitigating their carbon footprint with carbon offsetting project investments.[4]

B2B API

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The company offers B2B API software to help financial institutions such as big banks,[23][24] integrate carbon footprint calculations and the purchasing of offsets into their proprietary apps and web platforms.[25] This API allows banks and fintechs to provide their customers with individualised carbon emissions metrics associated with their purchases, and buy offsets to mitigate their carbon footprint.[23] IBM has partnered with Yayzy, hosting the API cloud infrastructure and selling the API to IBM's financial sector customers.[26]

Fundraising

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Yayzy was funded by Antler VC[27] in a pre-seed round announced in November 2019.[9] It secured another seed round in 2020 from Teal Impact VC[28][29] and Pario Ventures,[30] as well as a crowdfunding campaign[11] with 1002 investors.

Awards and recognition

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Yayzy also won several awards (PwC Future50,[31][32] Digital Top50,[33] SET100,[34] Product Hunt's Golden Kitty Awards #3,[35] P.E.A Awards,[36] World Festival Innovation Awards[37]) and was featured in January 2021 by Apple as "App of the Day" in AppStore,[38] by BBC TV[39] in November 2021 and by UK Government in their Net Zero Innovation Handbook in August 2022.[40][41]

References

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  1. ^ Leigh, Dana (2022-02-02). "A Chat with Mankaran Ahluwalia, Co-Founder and CEO at Carbon Footprint Calculator: Yayzy". TechRound. Retrieved 2023-01-15.
  2. ^ Pană, Irina (2021-10-01). "Forbes 30 sub 30 – 2021. Cristian Dan, Yayzy: 'Plănuim să lansăm Yayzy în Europa continentală și de Est'". Forbes Romania (in Romanian). Retrieved 2023-01-15.
  3. ^ "Yayzy – LBS". Retrieved 2023-01-17.
  4. ^ a b c Butcher, Mike (2020-12-23). "Yayzy app automatically calculates the environmental impact of your spending". TechCrunch. Retrieved 2023-01-15.
  5. ^ "Fintech gets green: The startups mixing money and climate activism". Sifted. 2021-02-23. Retrieved 2023-01-29.
  6. ^ a b "Yayzy and IBM Cloud partner to bring Carbon Tracking & Reduction Solution to Banking and FinTech Customers". yayzy.com. Retrieved 2023-01-15.
  7. ^ "New-wave startup accelerator Antler expands in London with new hires". Yahoo! Finance. Retrieved 2023-01-18.
  8. ^ Cooper, Lanna. "Antler Demo Day: The next big wave of tech". Startups Magazine. Retrieved 2023-01-15.
  9. ^ a b "Meet the 13 UK Companies Who Just Raised £1.56 Million". antler.co. Retrieved 2023-01-16.
  10. ^ Burroughs, Martin Coulter, Callum. "Check out the 25 startups tackling climate change ahead of COP26, handpicked by Europe's biggest VCs". Business Insider. Retrieved 2023-01-28.{{cite web}}: CS1 maint: multiple names: authors list (link)
  11. ^ a b "Yayzy". seedrs.com. Retrieved 2023-01-14.
  12. ^ "UK Banking App Yayzy To Close Seedrs Campaign With More Than £625,000 In Funding Secured". crowdfundinsider.com. 2020-10-09. Retrieved 2023-01-17.
  13. ^ "Yayzy Footprint Calculator". App Store. 28 October 2022. Retrieved 2023-01-18.
  14. ^ "App of the Day: Yayzy Footprint Calculator". App Store. Retrieved 2023-01-18.
  15. ^ "Yayzy's Twitter Post". Retrieved 2023-01-24 – via Twitter.
  16. ^ "Yayzy launches 'Fitbit for Carbon'". Finextra Research. 2020-12-11. Retrieved 2023-01-17.
  17. ^ Ecosphere+ (2020-11-10). "YAYZY and Ecosphere+ partner to scale up natural solutions to climate change". Ecosphere+. Archived from the original on 2023-03-27. Retrieved 2023-01-29.
  18. ^ Lowery, Tess (2022-09-16). "How to make big oil go bust". TEDxLondon. Retrieved 2023-01-29.
  19. ^ Boeru, Ingrid (2022-08-03). "(P) Yayzy a ajuns și în România și în alte 30 de țări europene". Forbes Romania (in Romanian). Retrieved 2023-01-15.
  20. ^ "London startup YAYZY launches app to track carbon emissions". UKTN | UK Tech News. 2020-12-23. Retrieved 2023-01-15.
  21. ^ Lewis, Nell (2021-03-15). "An Irish startup can work out your carbon footprint from your grocery receipt | CNN Business". CNN. Retrieved 2023-01-28.
  22. ^ "Yayzy to help use Open Banking for off-setting carbon emissions". thepaypers.com. Retrieved 2023-01-15.
  23. ^ a b "ShieldSquare Captcha". www.globaldata.com. Retrieved 2023-01-29.
  24. ^ "Green banking gains momentum to fight climate change, says GlobalData : EcoVoice – Environment News Australia". www.ecovoice.com.au. Retrieved 2023-01-29.
  25. ^ "Fintechs Forging the Future of Financial Services". Finextra Research. 2022-12-19. Retrieved 2023-01-15.
  26. ^ "Yayzy and IBM Cloud partner to bring Carbon Tracking & Reduction Solution to Banking and FinTech Customers". IBM UK Newsroom. Retrieved 2023-01-15.
  27. ^ "Antler invests £1.56m in companies founded on its UK program". UKTN | UK Tech News. 2020-01-22. Retrieved 2023-01-14.
  28. ^ "TEAL Impact vc". TEAL Impact vc. Retrieved 2023-01-15.
  29. ^ "Meet 50+ European sustainability angel investors". Sifted. 2021-08-12. Retrieved 2023-01-19.
  30. ^ "Portfolio". Pario Ventures. Archived from the original on 2023-03-19. Retrieved 2023-01-15.
  31. ^ "The PwC Net Zero Future50". PwC. Retrieved 2023-01-14.[failed verification]
  32. ^ "PricewaterhouseCoopers Net Zero Future 50" (PDF). PwC.
  33. ^ "Digital Top 50 Awards". dt50.org. Archived from the original on 2023-01-14. Retrieved 2023-01-14.
  34. ^ "YAYZY Limited". Start Up Energy Transition. Retrieved 2023-01-29.
  35. ^ "Announcing the 2020 Golden Kitty Award Winners". Product Hunt. Retrieved 2023-01-18.
  36. ^ Sockett, Anna (2021-10-23). "P.E.A. Awards 2021: The Winners Announced". P.E.A. Awards. Retrieved 2023-01-18.
  37. ^ "Top 50 Startup Award Winners". worldfestival.com. Retrieved 2023-01-19.
  38. ^ "Be carbon concious : App Store Story". Apple. 2021-01-06. Archived from the original on 2021-01-06. Retrieved 2023-01-18.
  39. ^ Yayzy show how you can fight climate change – BBC interview, November 2021, retrieved 2023-01-14 – via YouTube
  40. ^ "UK Net Zero Innovation Handbook Unveiled". GOV.UK. Retrieved 2023-01-19.
  41. ^ Louise, Cantillon (August 2022). "Net Zero Innovation Handbook". UK Government.
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