Climate First Bancorp in St. Petersburg, Fla., has acquired the climate and social justice platform developed by Ecountabl.
The parent of the $221 million-asset Climate First Bank said in a press release that the platform indexes data on more than 10,000 companies, analyzing their environmental, social and governance performance.
The price wasn’t disclosed.
The platform is expected to accelerate growth and strengthen the core capabilities of Climate First’s OneEthos digital banking fintech initiative.
“Banks should make it easy for people to spend their money in ways that align with their social and environmental values,” Ken LaRoe, Climate First’s chairman and CEO, said in the release.
“This acquisition strengthens how OneEthos and Climate First Bank leverage technology and innovation to bring remarkable value to our customers, communities and other stakeholders,” LaRoe added.
OneEthos plans to integrate the Ecountabl platform for customer use in 2023.
Andy Burr, Ecountabl’s CEO, joined the OneEthos team and chief growth officer. Justin Bretting, Ecountabl’s chief technology officer, has the same title at OneEthos.