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Industries
Enterprise Software
Fintech
Company Size
1-10
Company Stage
Series A
Total Funding
$16.4M
Headquarters
Melbourne, Australia
Founded
2020
Sphere offers a climate-friendly investment platform specifically for 401(k) retirement plans. Its main product, the Sphere 500 Climate Fund, allows employees to invest their retirement savings in a diversified portfolio that excludes fossil fuel companies, aligning with their environmental values. Sphere differentiates itself from competitors by focusing solely on sustainable investment options and providing tools like AtmoSphere, which helps companies measure the carbon emissions linked to their retirement plans. The goal of Sphere is to enable employees and companies to make investment choices that support sustainability while meeting fiduciary standards.
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Total Funding
$16.4M
Below
Industry Average
Funded Over
2 Rounds
Industry standards
Early employee equity
Unlimited PTO
Competitive salary + more benefits/perks
Australian eco fintech Sphere combines world-leading Australian payments technology with top university research capabilities to help consumers lower their carbon footprint and reduce greenhouse emissions.Sphere aims to educate millions of people on the impact of their consumption on the environment and has a target to offset more than 6.5 million tonnes of CO2 by 2027 by facilitating and encouraging consumers to use its Carbon Insight and Action Solution.Sphere combines award-winning card payments technology developed in Australia with the research prowess of Swinburne University of Technology, which has joined as an equity partner in the company. The partnership seeks to continue to improve and innovate a carbon action solution using Artificial Intelligence (AI) and machine learning.The technology uniquely analyses the detail of a consumer’s everyday card spending to provide:an accurate estimation of their carbon footprint, supported by the AI and machine learning capabilities of Swinburne,tips on how to reduce emissions, andoptions to make micro investments in carbon reduction projects to live a carbon neutral life
The illustrious Art Gallery of NSW in Sydney, Australia, was aglow with the brilliance of innovation and achievement as the APAC Payments Excellence Awards unveiled the 2023 winners during a much-anticipated Gala Dinner Event.In a room filled with glimmering lights and an air of excitement, the 260 attendees bore witness to the culmination of outstanding achievements in the Payments industry.The Emerging Payments Association, EPAA, and the Award program’s platinum partners, Paymentology, FIS and PayPal, hosted this prestigious event, demonstrating the importance of showcasing payment innovation and excellence, while shaping the future of Payments in the APAC region.Barakat Elayyan, Sales Director of Banking Payments at FIS, commented, “By sponsoring the APAC Payments Excellence Award program, FIS aims to recognise and celebrate outstanding achievements in collaboration and innovation within the industry. This demonstrates FIS’s belief in the power of working together to drive innovation and payments evolution throughout the APAC region.”Ethan Teas, Executive General Manager of Payments at the Commonwealth Bank Australia, delivered a keynote speech, envisioning a borderless world of payments driven by collective efforts and partnerships.“I’d like to thank the Emerging Payments Association Asia for creating this opportunity to recognise and celebrate the best of our industry and extend my congratulations and best wishes to all the finalists and winners here tonight,” Teas said in closing.This unforgettable evening celebrated the past accomplishments and future possibilities of the APAC Payments sector, illuminating a path to even greater heights in the years to come.“Each participant present showcased the industry’s commitment to Excellence, Innovation, and Growth. Their presence underscored the dedication and determination characterising the leaders and innovators driving the Payments industry forward,” said Linda Stanojevic, MD APAC Awards Program and CSMO EPAA.The APAC Payments Excellence Award winners have illuminated the payment industry with their innovative solutions, pushing the boundaries of what is possible and fostering a brighter future for payments in the APAC region.The 2023 APAC Payments Excellence Award Winners:Best B2B Payments Experience: PayPal – PayPal Working Capital (PPWC)Payments Fraud and Risk Excellence: Lexis Nexis Risk Solution – LexixNexis ThreatMetrix®Impactful Financial Inclusion Payments Solution: Alipay+ Payment TechDomestic Payments Newcomer 2023: Dosh Digital WalletBest B2C Payments Experience: Wpay – Everyday Pay from Everyday RewardsMost Impactful Payments Industry Innovation: Corlytics – Corlytics’ SaaS platformInnovative AI or Data Usage in Payments: Resistant AI – Resistant AIESG Payments Initiative Excellence: Verrency – Co2 Insight and Offset ProductOperational Excellence Business Transformation: Shaype – ASL Infrastructure ModernisationMost Innovative Merchant Services: Commonwealth Bank – CommBank Smart HealthBest Cross Border Payments Solution: Wise – The Wise PlatformOutstanding Payments Industry Collaboration: IDEMIA – Touch Card – an IDEMIA and Mastercard collaboration
Verrency appoints Stephen Benton to the role of Chairman as Founder, David Link, retires from his full-time role as Executive Chairman.
Walnut, California-based Sphere has partnered with Ascensus and Vanguard to offer the Sphere 500 Fossil-Free Index Fund.
Sphere has selected U.S. Bank to provide its comprehensive suite of industry leading multi-series trust services for the fund.
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Industries
Enterprise Software
Fintech
Company Size
1-10
Company Stage
Series A
Total Funding
$16.4M
Headquarters
Melbourne, Australia
Founded
2020
Find jobs on Simplify and start your career today