Impak Ratings, a leading impact analysis and ratings fintech, acquires 100% of London-based Exerica’s assets to expand its AI capabilities.
Exerica’s entire team will be integrated into impak’s production processes along with its proprietary AI data extraction and contextualization software. This will increase production capacity for impak’s high-quality impact assessments, including its entry-level SDG Alignment and SFDR products, now available as Freemium offerings.
This is an important step forward for the company: by integrating Exerica, impak will now benefit from a permanent foothold in the UK, a rapidly expanding market due to a growing demand for sustainable financial products and planned implementation of more stringent ESG reporting regulations.
Building Momentum for Sustainable Finance
The financial sector is undergoing a profound transformation. As key players in the financing of the economy, financial institutions are increasingly taking on environmental and societal challenges, to become strong enablers in this transition.
“The financial world needs to integrate impact analysis based on high-quality data. This is the only path to sustainability. By joining impak, Exerica will be a major contributor to impact analysis as a key data source, with its AI-driven data collection engine. Joining impak is the logical next step for Exerica,” notes Maxim Miller, founder and CEO of Exerica.
“Whilst 100% automated ESG solutions suffer from the GiGo effect – garbage in, garbage out – the addition of Exerica’s AI expertise to the impak team is fundamental to the scale-up of our augmented intelligence process.We will maintain our competitive advantage, which is to offer our clients contextualized impact data for them to make better financial decisions.” concludes Paul Allard, co-founder and CEO of impak Ratings.