PointSource, a climate data platform incubated by SC Ventures, is set to merge with FourTwoThree, a newly launched smart action platform aimed at helping SMEs reduce their carbon footprint.
The deal remains subject to regulatory approval.
The merger aims to scale PointSource’s impact beyond what it could achieve independently.
FourTwoThree, which was unveiled at London Climate Action Week, is backed by SC Ventures, NatWest Group, and National Australia Bank.
The platform connects large organisations with their SME partners to support climate action across the supply chain.
It enables users to assess their emissions, take steps to reduce them, and access financing where needed.
PointSource will contribute its interoperability engine, which maps across climate data sources, ESG frameworks, and monitoring tools.
This is expected to help turn climate disclosure into tangible outcomes, strengthening FourTwoThree’s ability to support financial institutions and corporates navigating transition finance.
“When we started PointSource, our goal was to build something pragmatic and useful — something that helps bridge the gap between climate ambition and climate action. I’m proud of what the team has built, and even prouder to see it find a new home with FourTwoThree.
This is exactly what we aim to do at SC Ventures: back bold ideas, build real solutions, and scale them with the right partners. With FourTwoThree, we believe PointSource can now reach the scale and relevance the climate challenge demands.”
said Harald Eltvedt, operating member at SC Ventures.
Featured image: Edited by Fintech News Singapore, based on image by aukid via Freepik
