Fils, a fintech platform, has launched ahead of COP28, to assist global businesses in turning “intent into action” when integrating sustainable values into the core of digital payments.
“The new innovation paves the way for trust and safety in carbon markets, bringing together buyers with capital, and suppliers with high-integrity carbon credits, at the rate and scale required to rebalance the planet,” it said.
The Platform is a holistic, enterprise-grade B2B2C product offering that leverages leading technologies for its end-to-end infrastructure, to “transform” various industries, including financial services, hospitality, and e-commerce.
“Fils’ unique pillars of technology are poised to transform the world of ESG, through an API-first digital payment infrastructure that makes sustainability a lifestyle and can be easily embedded into platforms across sectors,” the company shared.
The company was founded by Nameer Khan, a future fintech leader and Chairman of the MENA Fintech Association (MFTA).
Commenting on the launch of the company, Khan said: “Fils is a catalyst for the evolution of ESG enforcement and has the right team, technology, experience and expertise to lead the market. With our robust infrastructure, it spells the end of greenwashing and clears a path towards greater accountability and implementation of actionable outcomes that can improve the sustainability of the world we live in.”