The winners of the Mastercard Lighthouse FINITIV and MASSIV fall 2023 programs have today been announced during Mastercard Lighthouse’s Grand Finale event and award ceremony at the SLUSH conference in Helsinki.

Arbonics, tech-based carbon and ecosystem platform for forest and landowners in Europe, is announced the program winner in the fall edition of the Mastercard Lighthouse MASSIV 2023, Mastercard’s partnership program to find and scale tomorrow’s impact unicorns.

Arbonics partners with landowners to access new revenue streams by helping them quantify, monitor, and sell the environmental benefits, such as carbon and biodiversity, of their land. Arbonics receives the award for their innovative approach in their solution. The team was highly accountable and progressed well in the program on both networking opportunities and impact measurement

“Becoming the winner of the Mastercard Lighthouse MASSIV program is a meaningful milestone for Arbonics. Building connections with fellow participants, investors, and advisors has been invaluable. Beyond the industry connections, the program has given us a platform for amplifying our message, which has been very helpful as we gear up to scale across Europe.”

– Lisett Luik, co-founder of Arbonics.

Tespack, which offers Smart Mobile Energy solutions for off-grid usage, is awarded the Impact Potential Award, for creating a real, positive, and tangible impact on the world in line with Mastercard Lighthouse MASSIV’s vision of helping 1 billion people live more prosperous and secure lives.

“As we stand at the mid-point of the 2030 Agenda, it’s inspiring to see more impact scaleups come to fruition, and it is imperative to celebrate and support their efforts. In this year’s cohort, we were tasked with many dedicated startups, supporting them in working with impact measurement and management tailored to their concrete solutions. One of these startups – and this year’s winner of the Impact Potential Award is Tespack. Tespack isn’t just about business; they’re about solving a real challenge and improving lives by providing connectivity and mobile energy generation to underserved markets, giving them a fighting chance against the grip of poverty. Throughout the programme, Tespack worked diligently with its impact measurement and management while being dedicated to its mission of bringing reliable and green energy infrastructure to remote locations. At UNDP, we’re pleased to be once more able to award and support companies like Tespack.”, says Stine Kirstein Junge, Private Sector Advisor at UNDP Nordic Office

Over three months, five companies have participated in the MASSIV program where they have attended workshops and received support from experts and advisors from amongst others Swedbank, Danske Bank, UNDP, VNTRS and Synch. MASSIV’s fall class also included Openframe a finalist providing a software that transforms ESG strategies into operational processes, Responsibly providing an AI enabled sustainability due diligence engine and 7 Analytics a startup that uses hydrology, geology, and data science to develop high-precision risk tools.

“Both Arbonics and Tespack are highly impactful companies touching upon both social impact and sustainability. We are proud to have worked on the scaling journey of five impact tech start-ups this fall program. With Mastercard Lighthouse MASSIV we have the vision of helping one billion people live more prosperous and secure lives by 2025. It is important to support start-ups impacting both people and planet and contribute to achieving the UN Sustainable Development Goals, says Mats Taraldsson, Head of Innovation, Fintech and Impact Tech Engagement at Mastercard Nordics and Baltics

Read about Mastercard Lighthouse partnership news and growth of the alumni companies in the recently published Mastercard Lighthouse research report.

Lighthouse MASSIV is free and focused primarily on helping impact tech companies scale globally through partnerships. To date, more than 80 partnerships have been signed through the program by 27 participating startups and organizations. Do you know a Nordic or Baltic impact tech company interested to join our 2023 Fall program?