Kerala-based AI-powered ESG threat administration st Greenfi has raised its first funding spherical of $2 million led by Transition VC to speed up its world growth and product improvement. 

The startup’s AI-powered platform helps enterprises automate environmental, social, and governance (ESG) threat administration, changing the necessity for big consulting groups and guide assessments.

Based in 2023 by Barun Chandran, Greenfi’s expertise analyses ESG information in actual time and gives role-based suggestions to assist organisations enhance sustainability efficiency and handle compliance dangers.

The startup’s purchasers span Singapore, Japan, and the UK throughout industries akin to trend and attire, meals and agriculture, retail, banking and monetary companies, and manufacturing. Greenfi at the moment operates with a lean group of 16 individuals, down from 26 after deploying AI methods that now handle greater than 60 p.c of its operations. It retained its core ESG specialists and builders for oversight whereas trimming engineering and analysis features. It plans to strengthen its gross sales, advertising and marketing, and branding groups as a part of its world development technique.

“As ESG dangers more and more affect underwriting and monetary efficiency, Greenfi stands out for constructing an end-to-end, AI-driven platform that helps monetary establishments monitor, assess, and underwrite their clients extra intelligently,” mentioned Mohammed Shoeb Ali, managing accomplice and cofounder of Transition VC.