Climate First Bancorp, the holding company for Climate First Bank, has acquired the climate and social justice fintech platform developed by the startup Ecountabl.
The platform indexes data on over 10,000 companies, analyzing their environmental, social and governance performance to help customers track how their purchases with brands align with their personal values.
The purchase will accelerate growth and strengthen the core capabilities of OneEthos, the digital banking fintech under the Climate First Bancorp umbrella, according to a statement.
OneEthos is in the process of integrating Ecountabl technologies into its core platform for use by Climate First Bank customers in 2023.
“Banks should make it easy for people to spend their money in ways that align with their social and environmental values,” said Ken LaRoe, chairman and chief executive officer of Climate First Bancorp, in the statement. “This acquisition strengthens how OneEthos and Climate First Bank leverage technology, and innovation, to bring remarkable value to our customers, communities and other stakeholders.”
