Singapore-headquartered startup GreenFi has secured $2 million (approx ₹17.7 crore) in a seed funding round led by Transition VC, with participation from undisclosed angel investors. Founded in 2023 by Barun Chandran, the company provides a cloud-based SaaS platform that leverages no-code AI modules—including deep-learning, NLP and entity-processing—to enable financial institutions and corporates to monitor, assess and manage Environmental, Social and Governance (ESG) risks.
GreenFi aggregates ESG-related data from annual reports, corporate disclosures, alternative datasets and media coverage, consolidating the output into a unified interface. The startup currently serves clients across Singapore, India, Europe and the US, including United Overseas Bank (UOB), Kerala Infrastructure Investment Fund Board (KIIFB) and Wattsun Energy.
On the occasion, founder Barun Chandran said:
“We’re actively on the lookout for good talent, and fundraising comes with a lot of excitement (and) responsibilities.”
Transition VC’s managing partner and co-founder Mohammed Shoeb Ali added:
“As ESG risks increasingly influence underwriting and financial performance, GreenFi stands out for building an end-to-end, AI-driven platform that helps financial institutions monitor, assess, and underwrite their customers more intelligently.”
The fresh funds will be deployed to enhance GreenFi’s global distribution network, strengthen AI product capabilities and expand operations across California, Europe, Southeast Asia and the Middle East. This fundraising comes amid rising investor interest in AI-powered sustainability and climate-intelligence tools; the global ESG software market is projected to exceed US $5 billion by 2033.
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