“Fintech Can Truly Change Lives:” Enfuce Co-CEOs on Building a Sustainable Future

In the bustling corridors of Money20/20 in Amsterdam, the air was thick with anticipation and innovation. Amidst this dynamic backdrop, Enfuce illuminated a vision for fintech that transcends mere financial transactions.

Monika Liikamaa and Denise Johansson, the co-CEOs and co-founders of Enfuce, shared their insights with us in a post-event interview, revealing a profound commitment to integrating ESG principles into the core of their operations, and setting a new benchmark for the industry through tangible, actionable change.

“As we grow even further, we will continue to raise the bar
and inspire industry-wide change” they emphasized. A declaration which is more than
aspirational—it’s a roadmap for how fintech can address pressing global
challenges through innovation and a steadfast commitment to ESG principles.

On The Role of Fintech in a Sustainable Future

Fintech, traditionally viewed through the lens of financial
transactions and efficiency, is now being reimagined as a vehicle for broader
societal change. The co-CEOs of Enfuce articulated this vision clearly:
“Fintech isn’t just about numbers and transactions. We think that fintech
can truly change lives and tackle the world’s biggest challenge by leveraging
technology.” Their statement clearly underscores their belief that fintech has the
potential to address global challenges through innovation and technological advancement.

In fact, Enfuce’s commitment to ESG principles is evident in their
strategic initiatives. They have been proactive in promoting financial
inclusion and environmental sustainability, evidenced by their participation in
The Climate Pledge
and their selection by the UN Global Compact Network Finland
to join the prestigious SDG Ambition programme. “At Enfuce, ESG is our
guiding principle. We’re already raising the bar through our high-impact
initiatives,” they stated, highlighting their dedication to driving
positive environmental change.

Innovation in Action: The CO2 Calculator

One of the standout innovations discussed was the
integration of a CO2 calculator into commercial cards. This initiative,
developed in partnership with Siminn Pay and Deedster, is a testament to
Enfuce’s culture of value-driven collaborations. “By integrating CO2
trackers into payment cards, we’re giving people the power to monitor and
understand their carbon footprint more easily,” they explained.
This innovation is not just about tracking carbon emissions; it represents a
shift towards empowering consumers to make informed decisions and positively
impact the environment.

The partnership with Deedster, which began in 2023,
reflects Enfuce’s long-term commitment to ESG principles in the payments space.
“While Siminn Pay is our first client to integrate Deedster’s CO2 tracker,
our collaboration with Deedster dates back to 2023,” the co-CEOs noted,
emphasizing the strategic and collaborative approach that drives their
innovations.

Beyond Carbon Tracking: Promoting Social Equity

Enfuce’s commitment to sustainability extends beyond
environmental concerns to include social equity and inclusive growth. They have
launched several initiatives aimed at promoting financial inclusion. “Our
‘First Aid’ cards for Ukrainian refugees in France, launched with Welcome.Place
and Visa, and our prepaid cards launched in collaboration with the Finnish
State Treasury, are prime examples,” they highlighted. These
initiatives ensure that financial services are accessible to underserved
communities, fostering social equity and inclusive growth.

Moreover, Enfuce is actively involved in combating
financial crime. “As payment providers, we’re on the front lines against
money laundering, fraud, and human trafficking,” they stated. Their
cutting-edge fraud prevention solutions safeguard millions of transactions
annually, contributing to a safer and fairer global economy, and ultimately showing the critical role fintech
can play in ensuring financial security.

Preparing for the Future: The Next Frontier for ESG

Looking ahead, Likamaa and Johansson foresee AI playing a pivotal role in
enhancing the accuracy and impact of tools like the CO2 calculator. “No
doubt about it, AI is changing the game. We’re already witnessing its ability
to increase efficiencies in businesses, and here at Enfuce, it’s no
exception!” they remarked. AI’s potential to provide deeper insights into
consumer behavior and streamline ESG reporting is seen as a game-changer.
“We can anticipate AI providing people greater insights into their spending
and CO2 emissions as well as streamlining and enhancing ESG reporting,”
they added, highlighting the transformative potential of AI in promoting
sustainability.

The co-founders also discussed the future challenges and
opportunities for ESG in fintech. “The next frontier for ESG in fintech
will be the seamless integration of sustainable practices throughout all
aspects of business,” they asserted. Achieving this seamless integration
is no small feat, but Enfuce is prepared to lead the charge. Their work with
the UN Global Compact Network Finland is central to developing industry-leading
sustainable and socially responsible policies.

Enfuce’s strategic collaborations are designed to amplify
their impact and encourage widespread adoption of ESG principles. “Our
partnerships with Deedster and Siminn Pay are about making a collective impact
and encouraging others to implement solid ESG principles and practices,”
they explained. These collaborations reflect Enfuce’s broader vision of leading
by example and fostering industry-wide change.

Leaving a Legacy of Sustainability

Looking ahead, Enfuce aims to leave a lasting legacy in the
fintech industry regarding ESG and sustainability. “We’re on a mission to
set higher standards for ourselves and the industry, inspiring action through
innovation,” they declared. Their efforts are not confined to the
realms of payments and finance; they aim to influence a wide range of sectors. “Through our awareness campaigns, impact-driven initiatives,
and value-driven partnerships, we’re leading by example and helping to create a
more sustainable and equitable future across all areas of ESG,” they
concluded.

Conclusion

In the grand, ceaseless churn of progress, there lies an opportunity—a chance to redefine what it means to be at the intersection of finance and ethics.

Enfuce, with their bold and unapologetic embrace of ESG principles, has embarked on this mission with fervor, imbuing the wave of fintech innovation with purpose and direction. They see fintech not just as a tool for profit but as a catalyst for profound societal transformation, proving that the amalgamation of financial prowess and ethical stewardship is not just possible but imperative.

In the bustling corridors of Money20/20 in Amsterdam, the air was thick with anticipation and innovation. Amidst this dynamic backdrop, Enfuce illuminated a vision for fintech that transcends mere financial transactions.

Monika Liikamaa and Denise Johansson, the co-CEOs and co-founders of Enfuce, shared their insights with us in a post-event interview, revealing a profound commitment to integrating ESG principles into the core of their operations, and setting a new benchmark for the industry through tangible, actionable change.

“As we grow even further, we will continue to raise the bar
and inspire industry-wide change” they emphasized. A declaration which is more than
aspirational—it’s a roadmap for how fintech can address pressing global
challenges through innovation and a steadfast commitment to ESG principles.

On The Role of Fintech in a Sustainable Future

Fintech, traditionally viewed through the lens of financial
transactions and efficiency, is now being reimagined as a vehicle for broader
societal change. The co-CEOs of Enfuce articulated this vision clearly:
“Fintech isn’t just about numbers and transactions. We think that fintech
can truly change lives and tackle the world’s biggest challenge by leveraging
technology.” Their statement clearly underscores their belief that fintech has the
potential to address global challenges through innovation and technological advancement.

In fact, Enfuce’s commitment to ESG principles is evident in their
strategic initiatives. They have been proactive in promoting financial
inclusion and environmental sustainability, evidenced by their participation in
The Climate Pledge
and their selection by the UN Global Compact Network Finland
to join the prestigious SDG Ambition programme. “At Enfuce, ESG is our
guiding principle. We’re already raising the bar through our high-impact
initiatives,” they stated, highlighting their dedication to driving
positive environmental change.

Innovation in Action: The CO2 Calculator

One of the standout innovations discussed was the
integration of a CO2 calculator into commercial cards. This initiative,
developed in partnership with Siminn Pay and Deedster, is a testament to
Enfuce’s culture of value-driven collaborations. “By integrating CO2
trackers into payment cards, we’re giving people the power to monitor and
understand their carbon footprint more easily,” they explained.
This innovation is not just about tracking carbon emissions; it represents a
shift towards empowering consumers to make informed decisions and positively
impact the environment.

The partnership with Deedster, which began in 2023,
reflects Enfuce’s long-term commitment to ESG principles in the payments space.
“While Siminn Pay is our first client to integrate Deedster’s CO2 tracker,
our collaboration with Deedster dates back to 2023,” the co-CEOs noted,
emphasizing the strategic and collaborative approach that drives their
innovations.

Beyond Carbon Tracking: Promoting Social Equity

Enfuce’s commitment to sustainability extends beyond
environmental concerns to include social equity and inclusive growth. They have
launched several initiatives aimed at promoting financial inclusion. “Our
‘First Aid’ cards for Ukrainian refugees in France, launched with Welcome.Place
and Visa, and our prepaid cards launched in collaboration with the Finnish
State Treasury, are prime examples,” they highlighted. These
initiatives ensure that financial services are accessible to underserved
communities, fostering social equity and inclusive growth.

Moreover, Enfuce is actively involved in combating
financial crime. “As payment providers, we’re on the front lines against
money laundering, fraud, and human trafficking,” they stated. Their
cutting-edge fraud prevention solutions safeguard millions of transactions
annually, contributing to a safer and fairer global economy, and ultimately showing the critical role fintech
can play in ensuring financial security.

Preparing for the Future: The Next Frontier for ESG

Looking ahead, Likamaa and Johansson foresee AI playing a pivotal role in
enhancing the accuracy and impact of tools like the CO2 calculator. “No
doubt about it, AI is changing the game. We’re already witnessing its ability
to increase efficiencies in businesses, and here at Enfuce, it’s no
exception!” they remarked. AI’s potential to provide deeper insights into
consumer behavior and streamline ESG reporting is seen as a game-changer.
“We can anticipate AI providing people greater insights into their spending
and CO2 emissions as well as streamlining and enhancing ESG reporting,”
they added, highlighting the transformative potential of AI in promoting
sustainability.

The co-founders also discussed the future challenges and
opportunities for ESG in fintech. “The next frontier for ESG in fintech
will be the seamless integration of sustainable practices throughout all
aspects of business,” they asserted. Achieving this seamless integration
is no small feat, but Enfuce is prepared to lead the charge. Their work with
the UN Global Compact Network Finland is central to developing industry-leading
sustainable and socially responsible policies.

Enfuce’s strategic collaborations are designed to amplify
their impact and encourage widespread adoption of ESG principles. “Our
partnerships with Deedster and Siminn Pay are about making a collective impact
and encouraging others to implement solid ESG principles and practices,”
they explained. These collaborations reflect Enfuce’s broader vision of leading
by example and fostering industry-wide change.

Leaving a Legacy of Sustainability

Looking ahead, Enfuce aims to leave a lasting legacy in the
fintech industry regarding ESG and sustainability. “We’re on a mission to
set higher standards for ourselves and the industry, inspiring action through
innovation,” they declared. Their efforts are not confined to the
realms of payments and finance; they aim to influence a wide range of sectors. “Through our awareness campaigns, impact-driven initiatives,
and value-driven partnerships, we’re leading by example and helping to create a
more sustainable and equitable future across all areas of ESG,” they
concluded.

Conclusion

In the grand, ceaseless churn of progress, there lies an opportunity—a chance to redefine what it means to be at the intersection of finance and ethics.

Enfuce, with their bold and unapologetic embrace of ESG principles, has embarked on this mission with fervor, imbuing the wave of fintech innovation with purpose and direction. They see fintech not just as a tool for profit but as a catalyst for profound societal transformation, proving that the amalgamation of financial prowess and ethical stewardship is not just possible but imperative.

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