Executives create millionaire ‘green fintech’

The objective of the company that has Brazilians in charge is to move R$ 3 billion in the first year in the ESG market

Brazilian and foreign executives have just created a fintech focused on the environment and sustainability. The company named Arara.io received an investment of 11 million reais.

It promises to help companies and their supply chains in the search for better indicators of environmental, social and corporate governance, values ​​represented by the acronym ESG in English, which are on the rise in the market.

Arara.io negotiates financing and provides consultancy for the adoption of more sustainable practices, in addition to placing its clients in the carbon credits market.

Among the founders of the project are Indians Ram Mahidhara and Sudhi Mukherjee, former executives of the International Finance Corporation (IFC), a development entity linked to the World Bank.

The Brazilian Felipe Gutterres, former CFO of Wilson Sons, is one of the co-founders of the company, which also has Marcelo Mesquita, a partner at Leblon Equities, on the advisory board along with Vikram Widge, former global head of finance and climate policy. of the IFC.

The objective of the company that sells itself as a “green fintech” is to move 3 billion reais in the first year.



By Lucas Vettorazzo Updated Jan 31, 2022, 9:43 pm – Published Jan 31, 2022, 6:30 pm

Source: https://veja.abril.com.br/coluna/radar/executivos-criam-fintech-verde-milionaria

If you are not a subscriber and want to receive our newsletter, fill in here.