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  • 📈 BeZero’s $32M Boost Elevates Carbon Credit Value!

📈 BeZero’s $32M Boost Elevates Carbon Credit Value!

Avanti Talks on Track to Halt Strikes

January 17, 2025

This is Cliff Equity, the UK’s business newsletter that keeps you informed on what’s important in tech, business and finance in less than 5 minutes

In today’s stories:

  • BeZero’s $32M Boost Elevates Carbon Credit Value!

  • Avanti Talks on Track to Halt Strikes

  • Fintech Recharge Targets Acquisitions with €45M War Chest

The summary: BeZero Carbon’s latest funding boost and expanding influence are transforming the carbon market, driving transparency, premium pricing for quality credits, and setting a new gold standard for global climate action.

The details:

  • BeZero Carbon secures a hearty $32 million in Series C funding, pushing total backing to a whopping $104 million, and reaffirms the importance of independent ratings in the carbon market.

  • With a seven-point rating scale, BeZero’s analytical prowess now influences carbon credit pricing, commanding a 40% premium for higher ratings, showcasing their weight in the industry.

  • Boasting over 100 corporate subscribers across 30+ countries, BeZero's ratings cover 480+ carbon projects, demonstrating their global reach and critical role in the $100 billion carbon market.

  • New funds are earmarked for expanding ratings coverage, especially in compliance markets like CORSIA, with major backing from heavyweights like Temasek-founded GenZero and Japan Airlines.

Why it matters: BeZero’s hefty cash injection and growing influence signal a seismic shift towards transparency in the carbon market, making it harder for dodgy credits to slip through the cracks. Their clout ensures that quality carbon credits get the premium they deserve, nudging the market towards genuine climate impact. With major players backing them, BeZero's global reach and data-driven insights are setting the gold standard for a cleaner, greener economy.

The summary: Avanti's strike pause offers a glimmer of hope for smoother Sundays as talks aim to resolve the rest-day dispute and get Britain’s trains back on track!

The details:

  • Avanti West Coast's Sunday strikes are paused for "intensive talks," sparking hope the disruption till June might be derailed.

  • RMT union presses pause on strikes to pursue progress in resolving the rest-day working dispute with Avanti.

  • Train services were set to shrink to a trickle on major routes, with some connections like Wales and the Lake District cut entirely.

  • Despite the wider rail strike resolution last year, Avanti still faces union action, spurred by dissatisfaction over rest-day work payments.

Why it matters: Avanti's Sunday strike pause could finally put the brakes on months of weekend chaos, giving weary travellers a glimmer of hope for smoother journeys. The talks aim to iron out the knotted issue of rest-day work, a sore spot that's kept union members and management in a constant tussle. For a rail service already under fire for delays and cancellations, a resolution would be a rare win on the tracks.

The summary: Recharge is on the hunt for big acquisitions, armed with a €45M debt facility from ABN AMRO, as it looks to shake up the prepaid payments scene across Europe and beyond!

The details:

  • Amsterdam's fintech darling, Recharge, bags a hefty €45M debt facility from ABN AMRO, setting its sights on juicy acquisitions.

  • With plans to spread its digital voucher and prepaid card wings, Recharge aims to conquer new markets across Europe and beyond.

  • Fresh off its 2023 acquisition of Dutch gaming card firm Startselect, Recharge is now scouting for two to three more tasty deals this year.

  • CEO Günther Vogelpoel beams over this "pivotal" moment, ready to reshape the prepaid payments scene with ABN AMRO in tow.

Why it matters: Recharge is ramping up its game with a chunky €45M debt facility, proving they’ve got bigger plans than just staying afloat in the fintech pond. With eyes set on acquisitions across Europe (and possibly further), it looks like they’re not just growing; they’re going for world domination, one digital voucher at a time. So, if you're into the prepaid payments revolution, you might want to take notes—Recharge is making waves and it's all set to get interesting.