{"id":79591,"date":"2023-09-18T01:00:05","date_gmt":"2023-09-18T01:00:05","guid":{"rendered":"https:\/\/enterpriseam.com\/climate\/2023\/09\/18\/emirates-nbd-makes-second-investment-in-turkish-climate-fintech-erguvan\/"},"modified":"2023-09-18T01:00:05","modified_gmt":"2023-09-18T01:00:05","slug":"emirates-nbd-makes-second-investment-in-turkish-climate-fintech-erguvan","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/climate\/2023\/09\/18\/emirates-nbd-makes-second-investment-in-turkish-climate-fintech-erguvan\/","title":{"rendered":"Emirates NBD makes second investment in Turkish climate fintech Erguvan"},"content":{"rendered":"

<\/a>Emirates NBD (ENBD) <\/strong>has made a second investment in Turkish climate fintech startup <\/strong>Erguvan<\/a><\/strong>, according to a statement<\/a> released on Thursday. No financial details on ENBD\u2019s investment were disclosed. Erguvan secured funding via ENBD for carbon credits valued at USD 7.3 mn in a seed round last month<\/a>.<\/p>\n

Where\u2019s the money coming from?<\/strong> The investment was made by Deniz Ventures<\/a> under the umbrella of ENBD\u2019s Innovation Fund \u2014 the bank\u2019s USD 100 mn corporate venture capital arm \u2014 launched earlier this year to finance fintech and sustaintech companies in the leading lender\u2019s key markets.<\/p>\n

What does Erguvan do? <\/strong>The startup provides a B2B marketplace for environmental commodities and API-based carbon accounting software solutions tailored to financial institutions and corporations, according to their website<\/a>.<\/p>\n

More about The Innovation Fund<\/strong>?<\/strong> The fund was established last June with the idea of channeling investments into strategically relevant fintech, sustain-tech, and startups in the Middle East, North Africa, and Turkey, the fund said<\/a>. ENBD has also invested in Swiss fintech Komgo<\/a> via the Innovation fund, according to a press release<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Emirates NBD (ENBD) has made a second investment in Turkish climate fintech startup Erguvan, according to a statement released on Thursday. No financial details on ENBD\u2019s investment were disclosed. Erguvan secured funding via ENBD for carbon credits valued at USD 7.3 mn in a seed round last month. Where\u2019s the money coming from? The investment […]<\/p>\n","protected":false},"author":1,"featured_media":79592,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[152],"tags":[302,11,1741,151,191,52],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-79591","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-emirates-nbd","tag-enterpriseclimate","tag-fintech","tag-investment-watch","tag-turkey","tag-uae","wpautop","entry"],"acf":{"mongo_id":"bfaf0705-f5aa-43f4-9555-e3511c0008c8","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2023\/9\/1722.jpg","photo_position":"above","related_issue":[79581],"teaser":"","voice_url":""},"yoast_head":"\nEmirates NBD makes second investment in Turkish climate fintech Erguvan - Climate<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/climate\/2023\/09\/18\/emirates-nbd-makes-second-investment-in-turkish-climate-fintech-erguvan\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Emirates NBD makes second investment in Turkish climate fintech Erguvan\" \/>\n<meta property=\"og:description\" content=\"Emirates NBD (ENBD) has made a second investment in Turkish climate fintech startup Erguvan, according to a statement released on Thursday. 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