Australian eco fintech Sphere combines world-leading Australian payments technology with top university research capabilities to help consumers lower their carbon footprint and reduce greenhouse emissions.
Sphere aims to educate millions of people on the impact of their consumption on the environment and has a target to offset more than 6.5 million tonnes of CO2 by 2027 by facilitating and encouraging consumers to use its Carbon Insight and Action Solution.
Sphere combines award-winning card payments technology developed in Australia with the research prowess of Swinburne University of Technology, which has joined as an equity partner in the company. The partnership seeks to continue to improve and innovate a carbon action solution using AI and machine learning.
The technology uniquely analyses the detail of a consumer’s everyday card spending to provide:
- an accurate estimation of their carbon footprint, supported by the AI and machine learning capabilities of Swinburne,
- tips on how to reduce emissions, and
- options to make micro investments in carbon reduction projects to live a carbon neutral life.