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 funds raised will be used 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. GreenFi also plans to deepen its AI research capabilities, strengthen its sustainability intelligence engine, and expand its footprint through global partnerships and customer onboarding.
Founded in 2023 by Barun Chandran, Erica de Wit and Edwin Schoonbrood, 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.
The firm currently has clients across Singapore, Japan, and the UK, and serves industries including fashion, agriculture, retail, banking, and manufacturing.
It operates with a team of 16 employees, having reduced headcount after deploying AI systems that now manage over 60% of operations.
Barun Chandran, Founder, GreenFi, 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 navigating through several fragmented systems, costing hundreds of thousands of dollars. And this is just the beginning—we have even bolder plans for 2026.”
Anoop Ambika, CEO, Kerala Startup Mission, said, “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.”
Mohammed Shoeb Ali, Managing Partner & Co-founder, Transition VC, said, “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.”
