Mastercard chooses Eliq as Impact Tech Partnership program winner

The 3-month program consisting of workshop series in cooperation with representatives from Swedbank, Danske Bank, UNDP, VNTR, Nordic Impact Funds, and Synch – came to an end during the Lighthouse Grand Finale at Latitude59 in Tallinn, Estonia, last week.
Eliq was announced as the winner based on developing a promising value proposition with an intelligent energy SaaS platform.

Eliq showed an impressive partnership readiness with various organizations and towards the partner banks in the program, says Lighthouse Massiv Program Advisors.
With the European banking sector moving swiftly towards a transition to a greener economy, we believe that financial institutions are playing a key and crucial role when it comes to unlocking the energy transition for consumers. As ESG is rapidly becoming more important for the financial services industry, retail banks are looking for new ways to help their customers, not only to manage finances but also to become greener. The Eliq solution provides an opportunity of helping households reduce electricity consumption by 6.8%. This translates into savings of approximately 145k tonnes of CO2 per year, with a potential of saving up to 2.5 million tonnes of CO2 per year by 2025.
In order for all of us to play a role in the green transition, we each need to find the way we can best contribute — and the companies participating in Lighthouse MASSIV have certainly found their path. It is inspiring to witness the way in which these companies help us reduce our individual carbon footprint, and enable fair economic growth, and socially just development, says Stine Kirstein Junge, Global Head of SDG Accelerator and Private Sector Advisor at UNDP.

The MASSIV program is Mastercard’s social impact partnership program dedicated to finding and scaling the next impact unicorn. By partnering with startups that have a high potential to improve the prosperity of the planet and supporting them to scale globally, the program aims to help one billion people live more prosperous and secure lives by 2025.