Mar 1, 2021

F10 and New Energy Nexus to boost sustainable fintechs

Joanna England
3 min
F10 and New Energy Nexus to boost sustainable fintechs
Green fintech looks set to expand following the first global green and climate fintech programme formed by F10 and New Energy Nexus collaboration...

The Zurich-based startup incubator and accelerator, F10, has partnered up with New Energy Nexus to form the first global green and climate fintech programme. F10, which was founded in 2016, helps startups by connecting them with entrepreneurs, experts, investors and mentors for early stage venture and late-stage venture investing.

The company’s collaboration with New Energy Green Nexus, an international non-profit based in California that supports clean energy with funds, accelerators and networks, will form the first global green and climate fintech programme, bringing carbon-neutral financial services to the forefront of innovation.

New Energy Nexus will support startup selection, mentorship, programming, networking and investment.

Sustainable fintechs

The partnership has been formed at a critical time for the fintech industry, which is on the cusp of new breakthroughs in sustainable finance and a new green fintech space. It is hoped the programme will unlock greater financial inclusion by reducing the costs for payments and providing better access to capital domestically and internationally.

Data suggests sustainable fintechs will mobilise domestic scale to enable long-term investment, create better ecosystems for financial services, collect analyse and distribute information on the financial system and on the real economy for more effective decision making, and provide financial markets with a level playing field required for sustainable development.

The climate fintech program will accompany F10’s existing core curriculum and the Zurich, Singapore, Madrid and Barcelona based banking and insurance incubator will also extend its current open call for applicants.

Companies taking part in the programme can expect the following benefits;

  • Up to CHF 15,000 of expense coverage
  • Up to CHF 150,000 in funding
  • Fintech and climate accelerator curriculum and startup support services
  • Mentorship around subjects such as ESG, carbon and energy problem-solving
  • Exposure to corporates interested in startups dedicated to carbon neutrality and open innovation in the fintech space
  • A network of fintech and climate tech VC and angel investors

Market demand

Speaking about the partnership programme, Aaron McCreary, climate fintech lead at New Energy Nexus, said it had happened at a strategic time.

“Fintech has already shown its ability to disrupt the financial system, but what happens if you use fintech with the goal of reducing greenhouse gas emissions specifically,” McCreary stated. It remains to be seen, but it is evident that fintech startups have the potential for substantial impact at scale.

“The intersection of digital financial technology and the climate emergency is real. Climate Fintech can help to make net-zero pathways and clean energy more accessible, measurable, and bankable,” he explained.

McCleary continued, “We’re thrilled to partner with F10 to help bring Climate Fintech innovations to market – enabling both individuals and corporates to save, spend, lend, and invest in ways which put the planet first.”

He has previously commented on how the California-headquartered non-profit has been encouraging entrepreneurs with thematic accelerator programmes across the world, while supporting the Hewlett Foundation’s five-year climate strategy, running until 2023. 

He added, “There is immense potential and a strong use case for Green and Climate FinTechs in the market. Together with New Energy Nexus we can create the perfect environment for these cutting-edge startups to thrive and positively impact the global financial sector.”

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Jun 20, 2021

Crypto strategies: Timing the market vs time in the market

Katharine Wooller, MD, Dacxi U...
3 min
Wooller investigates the prevailing market trends in cryptocurrency and analyses the different strategies of big-time and small-time investors

There is a lot of surface noise in the cryptocurrency space and most of it is the psychobabble of investor sentiment. One week it is the sound of everybody rushing towards a feeding frenzy. The next the wailing and gnashing of teeth as those near the surface (the ones most exposed) get spooked and rush the other way, falling over each other in the race to escape. 

Watching crypto markets in the last few weeks has been brutal viewing; best done on a strong stomach and ideally through your fingers!  It’s impossible to know what drives lemmings off a cliff, when they run, they all run the same way at once. 

The speculative crypto investor is not always a logical beast, and there seems to be a lot of sentiment where the money is either ‘all in’ or ‘all out’.  Crypto is exquisitely volatile, and annoyingly can sometimes defy logic – no-one really knows what is going on.  Thankfully the blockchain data has some answers on what the smart money is doing.

Essentially scared sheep are trying to ‘time the market’, traders who are buying and selling short term on a hunch the market is running in their direction, going with the flow in a world where cash is king. Recently the sheep got spooked, their time was up. Unsurprisingly, when the market run is to sell ‘coin’, it turns the asset back into what it sees as the comparative safety of fiat.

Pictured: Katharine Wooller

There is another investment philosophy, one aimed not at spinning-off short term cash but on the principles of accumulating long-term wealth. A far less noisy space where deeper strategic thinkers are quietly building crypto portfolios of significant size, this is where the ‘whales’ (a crypto industry term for those who hold at least 1,000 BTC) hang-out.

Whales have no interest in timing the market, rather their focus is ‘time in the market’. Not driven by market sentiment, their focus is buy-and-hold. 

So where does this leave the minnows, the small investor who might be wondering if now is the time to think about cryptocurrency as an asset class to add to a pension or an ISA. Somebody looking to diversify out of equities. A prudent saver who thinks structured saving in a digital wallet is something that would add value to a retirement strategy. Where does the minnow look?

Currently if the minnow looks below the surface, at what the whales are doing, he or she would see something very interesting. Since 19 May's price crash, the bottom feeding whales have been hoovering up BTC. Quite simply, they are ‘buying the dip’ – as the sardines rushed to sell, the whales were happy to hunt in the bargain basement. They have been accumulating wealth.

To my mind, the smart, forward thinking retail investor, with a buy-and-hold mentality, might consider this a buying signal. In which case the question becomes how to dip a toe in the water. 

This article was contributed by Katharine Wooller, Managing Director, Dacxi UK and Ireland

Dacxi has established one of the UK’s leading cryptocurrency wealth platforms, where small to medium investors can buy individual coins or ‘bundles’ of Blue Chip or selected altcoins to build a diversified cryptocurrency wallet.

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