Sweden-based greentech Doconomy has acquired financial wellbeing platform Dreams Technology to expand its suite of climate action tools.
Under the acquisition, Doconomy will incorporate Dream Technology’s proprietary platform, which uses behavioural science to boosts customers’ digital engagement and financial wellbeing.
This will enable Doconomy to offer its existing banks and financial institution partners an extended behavioural science-driven product portfolio, which will include climate smart savings, debt management and investments.
Mathias Wikström, chief executive officer and co-founder of Doconomy, commented: “The acquisition will allow us to embed the unique methodology Dreams Technology has built over the years together with their suite of proven products.
“This will expand our offering, merging our team of experts in climate impact with the behavioural economics talent of Dreams Technology, to achieve urgent and measurable results.”
Henrik Rosvall, chief executive officer and co-founder of Dreams Technology, who will join Doconomy’s leadership team, added: “By joining forces with Doconomy, we see a substantial opportunity to promote financial wellbeing and climate action at scale with the first holistic offering in the market.
“Our solutions operationalise over 100 behavioural science insights and are designed to drive sustainable behavioural change in banking customers by closing the intention-action gap, creating positive and impactful financial behaviours, and making money more emotional, accessible, and effective for everyone.”