The voluntary carbon market, where credits are traded, is tipped to reach $250 billion by 2050 as companies ramp up efforts to reach net zero. It also helps project developers communicate credit quality with third parties and manage orders, the company claims. The idea is that by streamlining administrative, manual tasks and bringing information into one place, carbon projects can come online more quickly and improve the supply-side crunch. The product was developed in partnership with two large carbon project developers while the company was in stealth mode, Argyros said. Louis Coppey, partner at Point Nine who led December 2023's cash injection into BlueLayer, touted it as the operating system or ERP for carbon project developers.

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Persons: fintech Moonfare, BlueLayer, Alexander Argyros, Argyros, –, Vivian Bertseka, Al Gore's, Gerardo Bonilla, Louis Coppey Organizations: Business, Nine, Point Locations: Berlin, London, Athens