Kenyan Climate-Fintech Peercarbon Supports SMEs in Emission Reduction and Accessing Green Finance

Peercarbon, a Kenyan climate-fintech platform established in 2023, is dedicated to assisting small and medium-sized enterprises (SMEs) in integrating sustainability into their operations. The platform offers science-based tools that enable businesses to measure, manage, and reduce their CO2 emissions, while also connecting them with lenders who prioritize green finance.

Co-founded by Raymond Maiyo and Glenn Digollo, Peercarbon initially focused on developing carbon accounting software for oil marketing companies. Over time, they broadened their scope to address the need for accessible climate fintech solutions tailored for SMEs in Africa.

Recognizing the complexity and expense of traditional carbon accounting methods, Peercarbon aims to simplify the process and make it more suitable for smaller businesses. The platform places carbon accounting and impact assessment at its core, empowering finance providers to structure green finance products for their business customers.

Peercarbon has operated on a lean startup model, self-financing operations for a year before securing funds from close connections. Currently, the company is actively raising a pre-seed round from institutional investors to expand its operations.

Despite being in its early stages, Peercarbon has gained traction, with SMEs eager to utilize the platform to access green finance for transitioning to more sustainable operations. The company has also attracted interest from impact lenders, reflecting the practicality and acceptance of its offerings in the sustainable finance landscape.

Peercarbon's success in the Kenyan and Tanzanian markets sets the stage for its expansion across Africa, aiming to drive sustainability through innovative solutions on a broader geographical scale.

The company has made significant headway in the Kenyan and Tanzanian markets, but envisions scaling its operations to cover a broader geographical scope within Africa.

Source: DisruptAfrica