AI-powered ESG risk management solutions provider GreenFi announced that it has raised $2 million in seed funding, with proceeds aimed at helping the company scale its platform.
Founded in 2023, Singapore-based GreenFi provides solutions aimed at helping financial institutions and enterprises automate sustainability compliance, reporting, and risk assessment. The company’s platform utilizes its proprietary AI agents and sustainability intelligence engine to monitor ESG performance across portfolios, supply chains, and operations in real time, helping banks and enterprises automate ESG due diligence, reporting and sustainability performance tracking.
According to GreenFi, the new capital will be used to deepen its AI research capabilities, strengthen its sustainability intelligence engine, and expand its footprint through global partnerships and customer onboarding. GreenFi said that it currently serves enterprise clients across Singapore, India, Europe, and the US.
Barun Chandran, GreenFi’s Founder, said:
“We are building AI agents designed specifically for sustainability teams, which will enable them to extract actionable insights from ESG datasets, build verifiable audit trails, streamline workflows and ensure compliance.”
The funding round was led by Transition VC, with participation from senior banking executives from Singapore and the Middle East.
Mohammed Shoeb Ali, Managing Partner and Co-Founder of Transition VC, said:
“As ESG risks increasingly influence underwriting and financial performance, GreenFi stands out for building an end-to-end, AI-driven platform that helps financial institutions monitor, assess and underwrite their customers more intelligently.”
