Climate fintech HeavyFinance finances €40m in European loans

Climate tech investment marketplace HeavyFinance has financed €40m in agricultural loans across more than 1,000 different projects.

Aiming to generate 250,000 carbon credits by the end of 2024, the Lithuania-headquartered startup has fostered an international investment community of more than 9,000 investors.

More than half of the investment has gone to Lithuania, with the rest split between Bulgaria, Latvia, Poland and Portugal

“International impact investments and the financing of sustainable practices is proving a crucial way to tackle climate change and is key to our commitment of removing one gigaton of carbon dioxide emissions by 2050, benefiting everyone,” HeavyFinance co-founder and CEO Laimonas Noreika said.

According to HeavyFinance, investors in its debt capital investment platform are currently seeing an average return of 13.16 per cent, versus traditional stock market returns which have averaged 9.89 per cent over the last 30 years.

The funding is invested in around 1,400 projects, creating connections between small and medium farmers and investors, which are currently spread across the world in countries including France, Germany, Spain and the United Arab Emirates.