GreenFi, an AI-driven platform transforming ESG risk management and compliance, has successfully closed a $2 million seed funding round. Transition VC led the investment, joined by prominent banking executives from Singapore and the Middle East. The capital injection will fuel GreenFi’s global expansion, enhance its AI product suite, and strengthen its presence in key markets like California, Europe, Southeast Asia, and the Middle East.
Established in 2023, GreenFi is redefining ESG risk and compliance management for banks and enterprises. Its integrated platform employs AI agents and large language models to automate ESG due diligence, reporting, and performance tracking across customers, portfolios, transactions, and suppliers. Traditional methods often involve weeks of manual, error-prone processes, leading to regulatory and reputational risks. GreenFi’s solution streamlines these workflows, allowing risk, compliance, and sustainability teams to focus on strategic decision-making rather than repetitive data tasks.
The company’s technology is currently deployed with global enterprise clients across Singapore, India, Europe, and the US. GreenFi’s partnership with United Overseas Bank (UOB) in Singapore and its subsidiaries has facilitated automated ESG emissions reporting across their assets. By digitizing emissions reporting and integrating real-time data analytics, GreenFi has enabled another bank to accelerate sustainable financing origination and achieve 38% cost savings in ESG Management. A major international bank is using GreenFi’s AI platform to digitize environmental risk assessments and automate ERQ, EP, RF, and ESG reporting for over 50,000 commercial banking customers in nineteen countries. GreenFi has also enabled the Kerala Infrastructure Investment Fund Board (KIIFB) to report on its green bonds. Another customer case study is renewable energy leader Wattsun Energy, India’s first solar company to publish an ESG report, where GreenFi manages their ESG reporting and impact measurement for over 7,000 customers.
According to Founder Barun Chandran, GreenFi is “building AI agents designed specifically for Sustainability teams, which will enable them to extract actionable insights from ESG datasets, build verifiable audit trails, streamline workflows and ensure compliance.” He added, “The momentum has been incredible… We’ve automated entire workflows using AI that used to take a team of 12 people navigating through several fragmented systems costing hundreds of thousands of dollars. And this is just the beginning—we have even bolder plans for 2026.”
GreenFi’s innovations have garnered international recognition through participation in programs such as the UN Climate Tech Accelerator, G20 TechSprint Brazil, RBIH Frictionless Finance Accelerator, and UOB FinLab GreenTech Accelerator in Singapore, underscoring its influence in sustainable financial innovation.
Anoop Ambika, CEO of Kerala Startup Mission, stated, “Kerala has become the first state in India to draft and approve a comprehensive ESG policy… We are proud that KIIFB has selected GreenFi to implement seamless ESG reporting across the state under KSUM’s Government as a Marketplace (GAAM) scheme and Innovation for Government (i4G) program by Kerala- Development and Innovation Strategic Council (K-DISC).”
Mohammed Shoeb Ali, Managing Partner & Co-founder of Transition VC, noted, “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.”
With this funding, GreenFi aims to enhance its AI research, strengthen its sustainability intelligence engine, and broaden its reach through global partnerships and customer acquisition. As the ESG software market expands beyond $5 billion and regulatory frameworks evolve globally, GreenFi is positioned to drive sustainable capital and measurable impact.
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