Handprint, a climate tech firm based in Singapore, has received US$2.2 million in a seed round led by Thunes, with participation from other undisclosed investors.
The payments company will also use Handprint’s technology to expand its reach as part of the deal.
Handprint provides software that allows companies to monitor the environmental impact of their payment and ecommerce processes. It claims to have cut project intermediary costs by 80 percent.
Ecommerce firm Lazada, and media company Teads, are among the company’s clients. Handprint also assisted SaladStop in integrating forestry into their checkout system. Matthias Boissonot and Simon Schillebeeckx launched Handprint in 2020. Its most recent round of funding will go toward expanding its tech development and impact partner network.
Boissonot stated that for decades, businesses have focused their efforts on minimising harm and mitigating their negative impact, and it’s about time for a fresh approach.