Unlike traditional accelerators, Mastercard Lighthouse MASSIV is free and focused primarily on helping impact tech companies achieve the UN Sustainable Development Goals through partnership. By connecting Nordic and Baltic startups with high impact potential to large organizations, the program aims to help sustainable innovators achieve global distribution. Mastercard Lighthouse MASSIV remains a competitive program for startups. MASSIV’s 2023 fall class stands as the most region-wide class in program history, prompting Mastercard to admit companies from Norway, Denmark, Finland and Estonia. 7Analytics – Based in Bergen, Norway, 7Analytics is a climatech startup that uses hydrology, geology, and data science to develop high-precision risk tools that help everyone from infrastructure owners to architects plan for imminent and future impacts of climate change. We explore future landscapes to understand tomorrow. “We are humbled, proud, and super existed to be part of the MASSIV program with its unique focus on impact scaling. At 7Analytics, we seek to understand nature and to make that knowledge available for everyone which is in great need as people, businesses, and cities around the world must adapt to a riskier climate. We see immense potential in working with financial institutions taking part in MASSIV – their focus on risk and their vast reach will help us find ways to bring our knowledge out where it is needed. ” Tespack – Tespack is a pioneering company specialised in creating smart mobile micro grids for challenging markets. Thanks to our advanced software, deep learning, and proprietary hardware, we bring reliable and sustainable energy infrastructure to remote locations. Our goal is to address critical battery management challenges and energy supply, including achieving 99.9% accuracy in battery recycling and tracking the performance of battery cells against the battery manufacturers’ lab specs. “The Tespack team is deeply honoured by our selection from a pool of highly talented companies. We view this program as a gateway to transformative partnerships, including the potential to collaborate with Mastercard, which could significantly alter our company’s trajectory. Tespack’s technologies provides connectivity and mobile energy generation, both important factors for Fintech functionality. We are poised to address underserved markets strategically. With our technology and Mastercard’s technology the limitations for Fintech are no longer existent. We eagerly anticipate the program’s fast tempo and development.” – Mario Aguilera, Founder & CEO at Tespack Arbonics – Arbonics is a tech-based carbon and ecosystem platform for forest and landowners in Europe – bridging the analogue world of forestry with the world of tech to fight climate change. 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. “At Arbonics, we are working to build the new forest economy – by opening up options for landowners to benefit from the carbon storage and biodiversity protection their land provides. Together, we can help scale nature to remove a significant portion of the 50 gigatons of CO2 emitted annually by humankind. We’re excited to join the program and partner with Mastercard to scale our impact and unlock our solution for thousands more landowners” – Lisett Luik, Co-Founder & COO, at Arbonics Openframe – Openframe is an effective management tool for construction and buildings in use. Openframe makes sustainability requirements operational, streamlines the process, and reduces manual tasks. With Openframe’s digital platform, resources are set free to create more sustainable buildings in the real estate industry, while achieving goals, increasing visibility of tasks and responsibilities, as well as allowing all stakeholders to constantly monitor the ongoing progress. We applied for this program to find the perfect partners and to be introduced to the right mentors to support us on the next part of our journey. “At Openframe we are obsessed with sustainability and firmly believe that our digital platform will help making sustainability mainstream within the construction industry. A significant number of professionals within the Danish construction and real estate industry are already using our platform and we are now in the process of expanding into new markets beyond Denmark. We are actively seeking collaboration and sparring to facilitate our expansion in the Nordics, with a particular interest in forming partnerships with major or medium-sized property owners or consulting firms. We are excited to be part of the Mastercard Lighthouse program and are confident, that together we will have a far-reaching impact on global sustainability.” – Jesper Ring, CEO at Openframe Responsibly – Responsibly helps businesses to manage and improve sustainability in their supply chains. With its AI enabled sustainability due diligence engine, Responsibly collects and analyzes data from suppliers holistically across social and environmental factors. This makes it easier for buyers to analyze risks, identify data gaps, develop suppliers and ensure compliance with the latest sustainability legislation. “Our mission at Responsibly is to make every purchase in the world responsible – when purchasers engage their suppliers on sustainability, the supplier has a real incentive to improve their practices. To reach our mission, we need to partner broadly to ensure all actors have the right ESG data to inform decisions, and we’re excited to be part of the Mastercard Lighthouse program to accelerate these collaborations.” – Thomas Andersson, Founder & CEO at Responsibly The companies joining the program have been chosen because of their desire and ability to scale sustainable partnerships. Mastercard hopes to enhance these collaborations to achieve the vision of making the world a more prosperous and secure place. “Over the years, Mastercard Lighthouse MASSIV has featured companies like Molecular Attraction, combatting vector-borne diseases like malaria, TrusTrace, a platform for supply chain traceability and transparency; and SPENN, a company allowing people in developing countries to lend, spend and save money cost-free. It is truly empowering to see the different impact tech solutions that companies bring to the table in the Lighthouse MASSIV program, and an honor to help the five selected companies of the 2023 fall class to find partnerships for scale” “We are well underway with our vision of helping one billion people live more prosperous and secure lives by 2025. This fall we selected five qualified companies that are at the forefront of sustainability and social impact and impact both people and planet. Mastercard can help provide impact tech startups with the network to scale beyond their markets and supports the companies in realizing their impact faster through partnerships.” As part of the Mastercard Lighthouse MASSIV program, startups receive feedback and support from UNDP, Swedbank, Danske Bank, Synch and individual advisory board members with diverse and impressive backgrounds from investment firms like VNTRS, First Fellow Partners and SKARP. These board members represent sustainability experts, investors, and executives, each with their own global network: “As we inch closer to 2030, it’s time to speed up progress towards Agenda 2030 and the Sustainable Development Goals. Through the Mastercard MASSIV program, we get to witness first-hand how more and more impactful businesses are taking off. “Success in impact entrepreneurship is measured not just by financial gain, but by lives touched and transformed. To advise an impact startup is to nurture a seedling that has the potential to grow into a tree that provides shade to many. When faced with challenges, remind yourself: The most rewarding ventures are often the most challenging. As an advisory board member I am honored to assist Mastercard Lighthouse helping companies to grow and activate my network in Afrika and the Nordics. ” “In a time when our sustainable footprint matters more than ever, the Lighthouse MASSIV program becomes essential in connecting and building an ecosystem for supporting positive change. By bringing together corporates and start-ups, with the aim of creating scalable innovation, the program will help solve financial challenges and drive impact. We are privileged to join forces and be a part of this collaboration. ” Press contact: Karin Strand, Communications Mastercard Nordics & Baltics, Karin.strand@mastercard.com Mastercard Lighthouse MASSIV partnership program welcomes five highly potential Nordic & Baltic impact tech companies to join the fall 2023 class
Lighthouse MASSIV, Mastercard’s impact tech partnership program dedicated to helping one billion people live more prosperous and secure lives by 2025, is pleased to announce its fall class consisting of five sustainability- and social impact-focused startups from Norway, Denmark, Finland and Estonia.
Meet the fall class of Mastercard Lighthouse MASSIV
– Helge Jørgensen, Co-founder & CEO at 7AnalyticsJasmin Elmi
Program Manager Lighthouse MASSIV, Mastercard Nordics and Baltics
Mats Taraldsson
Head of Innovation, Fintech and Impact Tech Engagement, Mastercard Nordics and Baltics
ADVISORY BOARD
Introducing impact measurement and management to the scaleups at an early stage is vital to ensure a continued focus on sustainability as they grow. The private sector’s increasing commitment to impact – in part driven by new EU sustainability legislation and standards – is encouraging and will hopefully inspire others to join the growing movement and accelerate action for the Sustainable Development Goals. At UNDP, we’re happy to continue offering our support.” ”Stine Kirstein Junge
Head of SDG Accelerator at UNDP
Simon Engelbrecht
Founder & CEO at SKARP
Geetha Selvakumar
Commercial Lead – Sustainability, Corporate Cards & Value-Added Services at Danske Bank