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2023.02.238:00 AM BST / 9:00 AM CESTNews

Doconomy has acquired Stockholm-based financial wellbeing fintech Dreams Technology

Doconomy has acquired Stockholm-based financial wellbeing fintech Dreams Technology. This marks the first deal of its kind to bridge the unique intersection of behavioural economics and climate impact.

STOCKHOLM, February 23, 2023 — Under the acquisition, Doconomy will incorporate Dreams Technology’s proprietary platform - which leverages behavioural science to deliver radical new ways to boost banking customers’ digital engagement and financial wellbeing - to its suite of leading environmental impact measurement tools. This will enable Doconomy to offer its existing banks and financial institution partners an extended behavioural science-driven product portfolio that will include modules for climate smart savings, debt management, and investments.

Through the unique combination of Doconomy’s expertise in quantifying environmental footprints and Dreams Technology’s proven track record of boosting digital engagement and effectively driving behavioural change, the joint product offering will be the first to deliver a best-in-class digital experience that promotes financial wellbeing, encourages sustainable consumption choices and effectuates climate action at scale.

In turn, the acquisition will further help establish financial institutions globally as change agents in tackling the combined  climate and cost-of-living crises, while enabling banks to address regulatory sustainability reporting and strengthen client and consumer engagement and retention.

Mathias Wikström, CEO & Co-Founder of Doconomy, comments:

“Doconomy and Dreams Technology are a perfect match! Both companies are built to motivate and shape behaviours in an innovative way that is key to sustainable and lasting change. 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. We’re confident that our joint forces will accelerate climate literacy while giving a major boost to the financial industry’s transition to net zero – making every transaction count for both people and the planet.”

Henrik Rosvall, CEO & Co-Founder of Dreams Technology, who joins Doconomy’s leadership team, adds:

“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. At Dreams Technology, 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. It’s a match made in heaven using innovation and behavioural expertise to empower banks in their journey from transaction engines to global change agents.”

Matching both technology and culture

Founded in Sweden in 2018, Doconomy is a world-leading provider of applied impact solutions. Doconomy wants to future-proof life on planet earth by empowering individuals and corporations to take responsibility for their environmental footprint, enabling a sustainable lifestyle for all. The company firmly believes that the climate crisis can only be solved as a collective with climate literacy at its core.

In correlation Dreams Technology is on a mission to create deeper and more valuable relationships between banks and customers and make financial wellbeing an everyday reality for millions of people worldwide. Building on insights from psychology, neuroscience and behavioural economics, the Dreams engagement banking platform offers unparalleled effectiveness in activating intrinsic motivation and driving sustainable behavioural change.

By combining these two market leaders, Doconomy hope to provide applied impact solution using world leading data together with engagement services based behaviour science. Combing the talent from both companies to become a force for driving climate action globally.

The leadership team will include, starting from the left:

Veronica Augustsson, Chairwoman

Carl-Johan von Uexkull, CCO Doconomy

Elena Vallin, Chief Operating Officer

Didde Brockman, Chief Product Technology Officer

Henrik Rosvall, Deputy Chief Executive Officer

Lucia Hegenbartova, CCO Dreams Technology

Mathias Wikström, Chief Executive Officer

Johan Pihl, Chief Creative Officer

Kristin Mörth, Chief of People Operations

Fredrik Lagerträd, Deputy CPTO (not pictured)

Helena Kernell, Chief Impact Officer (not pictured)

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