GreenFi, an AI-enabled risk management platform for ESG compliance, has raised $2 million in a seed funding round led by Transition VC, with participation from senior banking executives from Singapore and the Middle East. The company will deploy the funding to scale its global distribution network, strengthen its AI product innovations, and expand its presence across key markets including California, Europe, Southeast Asia, and the Middle East.
Founded in 2023 by Barun Chandran and headquartered in Kerala, GreenFi is reimagining how banks and enterprises manage ESG risk and compliance. The company’s integrated platform leverages AI agents and large language models to automate ESG due diligence, reporting, and sustainability performance tracking across customers, portfolios, transactions, and suppliers. Traditionally, these processes take organisations weeks to complete, often through manual, error-prone workflows that lead to reputational and regulatory risks. GreenFi’s platform eliminates these inefficiencies, enabling risk, compliance, and sustainability teams to shift their focus from repetitive data tasks to strategic decision-making.
With global enterprise clients across Singapore, India, Europe and the US, the company’s technology is already powering measurable impact for leading financial institutions. GreenFi’s collaboration with Singapore’s leading United Overseas Bank (UOB) and its subsidiaries, for instance, has helped them automate 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. Another large international bank has leveraged GreenFi’s AI platform to digitize environmental risk assessments and automate ERQ, EP, RF, and ESG reporting processes for over 50,000 commercial banking customers across nineteen countries. It has also enabled the Kerala Infrastructure Investment Fund Board (KIIFB) to report on its green bonds; and helped renewable energy players like Wattsun Energy enhance ESG compliance and impact measurement.
Speaking on GreenFi’s vision, the company’s Founder & CEO Barun Chandran said, “We are 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. The momentum has been incredible. We are already serving customers ranging from banks to asset managers to large corporations. We’ve automated entire workflows using AI that used to take a team of 12 people. And this is just the beginning—we have even bolder plans for 2026.”
GreenFi’s innovations have drawn global recognition through selection in prestigious accelerator programs including the UN Climate Tech Accelerator 2024, G20 TechSprint Brazil, RBIH Frictionless Finance Accelerator, and UOB FinLab GreenTech Accelerator in Singapore. These programs highlight GreenFi’s growing influence at the intersection of AI technology and sustainable financial innovation.
“Kerala has become the first state in India to draft and approve a comprehensive ESG policy, reaffirming its leadership in sustainable development. 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). Further, our Fund-of-Funds partner, Transition VC’s investment in GreenFi highlights growing investor confidence in Kerala’s Climate-Fintech ecosystem — a true example of how multiple government policies converge to create meaningful and measurable impact.”
— Anoop P. Ambika, CEO, Kerala Startup Mission (KSUM)
“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,” said Mohammed Shoeb Ali, Managing Partner & Co-founder, Transition VC.
With this fundraise, GreenFi plans to deepen its AI research capabilities, strengthen its sustainability intelligence engine, and expand its footprint through global partnerships and customer onboarding. As the ESG software market surpasses $5 billion and regulatory frameworks mature across regions, GreenFi stands at the intersection of climate innovation and financial technology, empowering organizations to manage risk responsibly, unlock sustainable capital, and drive measurable impact at scale.
About GreenFi
GreenFi is an AI-powered ESG risk management platform helping financial institutions and enterprises automate sustainability compliance, reporting, and risk assessment. The company’s proprietary AI agents and sustainability intelligence engine enable organizations to monitor ESG performance across portfolios, supply chains, and operations in real time, thereby reducing manual effort, enhancing data accuracy, and ensuring alignment with global regulatory standards. With operations across the U.S., Europe, Southeast Asia, and the Middle East, GreenFi partners with leading financial institutions and corporates to embed sustainability intelligence into core business decisions and accelerate the global transition to responsible growth.
About Transition VC
Transition VC is India’s first Energy Transition-focused VC fund which was launched by marquee investors Raiyaan Shingati and Mohammed Shoeb Ali. The fund is on a mission to offset 40M tons of carbon emissions by investing in breakthrough tech while making extraordinary financial returns for its LPs.
