Fils launches to be the ‘catalyst of ESG evolution’

Credit: Shutterstock
Credit: Shutterstock

Fintech Fils has announced its official launch as a platform to help global businesses integrate sustainable environmental, social and governance (ESG) into core digital payments. 

The company aims to find new and innovative ways for trust and safety in carbon markets by bringing buyers and suppliers together in an effort to find a rebalance of sustainable payments. 

Designed as a holistic, enterprise-grade B2B2C product offering, Fils leverages the power of technologies for its end-to-end infrastructure to transform various industries, including financial services, hospitality, and e-commerce. 

Founded by Nameer Khan, Chairman of the MENA Fintech Association (MFTA), the company has outlined that key partnerships will be announced soon in its ambitious growth strategy. 

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.”

Fils’ pillars of technology are projected to “transform the world of ESG” through an API-first digital payment infrastructure that can be embedded into platforms across sectors.  

According to the fintech, companies across all industries are increasingly looking to align their ambitions with ESG principles and pursue opportunities that offer long-term societal benefits and business growth.  

In a stride towards sustainable business practices, Fils aims to address ESG implementation challenges, making it easier for businesses to play a role in driving a more sustainable future for the financially excluded and those most impacted by global disasters.