What Sphere For Good does

Sphere For Good is a Melbourne-headquartered climate action technology company that provides banks, payment gateways, merchants, and loyalty operators with API-based tools to calculate, offset, and report carbon emissions at the individual transaction level. Its platform combines three core products — a transactional carbon emissions calculator, an automated carbon offsetting engine, and a Scope 3 downstream emissions reporting module — delivered through a scheme-agnostic, API-first architecture that supports low-lift integration (described as 1-2 API calls) and modular deployments. Carbon offsets are sourced from a curated portfolio of independently verified projects rated under the BeZero framework at a minimum A rating.

The company monetizes through SaaS subscription fees for platform access, transaction-based fees on carbon offset purchases, and optional revenue-sharing arrangements with merchants and loyalty partners. Its go-to-market combines direct enterprise sales to financial institutions with channel distribution through Visa's card-issuing bank network, payment gateway partners, and the Shopify App Store (via the Click Sphere for Good app). Named customers and partners include Visa, Maybank, Emirates NBD, Public Bank, Sacombank, Liv, DCS Card Centre, eftpos, and HealthPost's Flora & Fauna, operating across Australia, Malaysia, Singapore, Vietnam, UAE, Indonesia, and New Zealand.

Sphere (For Good) Holdings Pty Ltd was incorporated in Australia in 2016, with its brand and product platform launched in June 2024 in collaboration with Swinburne University of Technology (equity partner). Methodology quality assurance is provided by EY. In October 2025, Sphere announced an agreement to be acquired by ASX-listed Findi Group (ASX: FND), a fintech with a significant Indian market presence, signaling anticipated geographic and capital expansion. The company remains private with 1-10 employees and no disclosed venture funding or revenue figures.

Name

Sphere For Good

Legal name

Sphere (For Good) Holdings Pty Ltd

Website

https://sphereforgood.com

Company type

Private

Founded year

2016

Operating status

Operating

Headcount range

1–10 employees

Short description

Sphere For Good provides API-based transactional carbon emissions calculation, automated offsetting, and Scope 3 reporting for banks, payment gateways, merchants, and loyalty operators across APAC and CEMEA markets.

Ownership category

akta.pro rank

Product category

Carbon Management Software / Climate Action Technology

akta.pro primary industry

Supply Chain (Scope 3) Emissions & Supplier Engagement Platforms (EUABAEAE)

akta.pro secondary industries

Market Access, Connectivity & Trading Technology (APIs, OMS/EMS, FIX connectivity, venue gateways) (EUABAAAF), Carbon Credit/REC Tracking, Claims & Chain-of-Custody Platforms (EUABAEAH)

Keywords

• Climate action API
• Carbon emissions calculator
• Carbon offsetting platform
• Scope 3 reporting
• Green banking software

Headquarters

HQ city

Melbourne

HQ country

Australia

HQ region

Oceania

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SaaS Platform Fees: Subscription-based access to Sphere's carbon calculator, offsetting API, and reporting tools provided as a SaaS offering to banks, merchants, and payment gateways.
2. Carbon Offset Transaction Fees: Revenue generated from processing carbon offset purchases through the platform. Supports loyalty points redemption, cashback conversion, and direct purchase models.
3. Revenue Sharing: Optional revenue-sharing models available for merchants and loyalty program partners depending on program design and offset transaction volumes.

Go-to-market motion4 records

Distribution channels4 records

Marketing channels4 records

Core offering

Sphere For Good provides an API-first climate action technology platform that calculates transactional-level carbon emissions (CO2e) per purchase, automates purchase of verified carbon offsets, and reports Scope 3 downstream emissions for mandatory climate disclosure. The platform is sold to banks, payment gateways, merchants, and loyalty programs across APAC markets, with add-on offerings including a Shopify app (Click Sphere for Good) for climate-positive parcel deliveries and a rewards/loyalty carbon redemption module.

Product overview

Sphere For Good is a climate action technology platform that provides a unified offering comprising three core products — Carbon Calculator, Carbon Offsetting, and Emissions Reporting — along with add-on modules including the Rewards Program and Click Sphere for Good Shopify app. All capabilities are delivered via Sphere's API platform, enabling banks, merchants, payment gateways, and other businesses to embed carbon insights, real-time fractional offsetting, and automated emissions reporting into everyday transactions. The platform targets APAC and CEMEA markets with solutions for green banking, merchant sustainability value adds, and climate-positive marketplace deliveries.

Differentiator

Problem solved

Functional benefit

Products and services

• Carbon Calculator (Transactional Carbon Emissions Calculator) Transactional-level carbon footprint calculator that estimates CO2e emissions per purchase transaction by aligning industry-sourced emissions data with payment information, providing insights to financial institutions, merchants, and their end customers.
• Carbon Offsetting (Automated Offsetting) Automated carbon offsetting with high-quality, globally compliant projects at point-of-sale for end customers and direct to business for corporate offsetting requirements, using verified credits from a curated portfolio of CO2 and non-CO2 offset projects (minimum BeZero A rating).
• Emissions Reporting (Scope 3 Reporting) Transactional-level data capture and reporting covering Scope 3 downstream carbon emissions to support mandatory reporting requirements as governments in APAC introduce climate disclosure regulations.
• Rewards Program / Climate Loyalty Enables banks, merchants, and loyalty providers to embed high-quality carbon offsetting into existing rewards programs, supporting points-to-offset redemption, cashback-to-climate-contribution, and marketplace redemption flows via API integration.
• Click Sphere for Good (Shopify App) Shopify app enabling climate-positive parcel deliveries; estimates delivery-related emissions in real time from order contents, address, and shipping method, with optional offsetting at checkout via verified carbon projects.
• API Platform Sphere's API platform enabling real-time carbon insights and offsetting across multiple markets via simple and intuitive secure APIs, with batch processing services provided as a SaaS offering typically involving integration with clients' SFTP services.

Quantifiable outcome

• 64% of consumers will pay more for products when carbon emissions are offset
• +1 more outcomes

Named customers10 records

Segments6 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

AI capability3 records

Feature4 records

Partnerships

Five partnerships are on record, tiered core and flagship.

• VisacoreTechnology or IntegrationGlobal partnership with Visa enabling connection to transactional data for carbon insights. Visa partnership allows Sphere to reach card-issuing banks and financial institutions globally, providing carbon footprint insights and verified offsetting across multiple markets.
• Swinburne University of TechnologycoreStrategic or Co-development PartnerResearch partnership with Swinburne University as equity partner. Collaboration combines world-leading Australian payments technology with university research capabilities for carbon calculator development. University joined as equity partner in June 2024.
• DCS Card CentreflagshipStrategic or Co-development PartnerWorld-first partnership announced May 2025 with DCS Card Centre (formerly Diners Club Singapore). Enables credit card users to convert up to 8% of Visa Platinum Card spend on carbon offsets. Partnership includes biodiversity contributions through rewards conversion.
• HealthPostcoreStrategic or Co-development PartnerPartnership with New Zealand retailer HealthPost enables Flora & Fauna customers to receive carbon-friendly parcel deliveries. Online shoppers can view delivery emission estimates while Flora & Fauna automatically adds climate contributions at checkout.
• ShopifycoreTechnology or IntegrationClick Sphere for Good app developed for Shopify platform, enabling climate-positive parcel deliveries for Shopify merchants. App available on Shopify App Store with pilot launch via HealthPost's Flora & Fauna in September 2025.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Cloverly: Cloverly offers a carbon offset API used by enterprises and fintechs to embed offsetting into digital products — comparable to Sphere's automated offsetting and marketplace modules.
• CoGo: CoGo provides carbon footprint tracking and offsetting integrated with banking apps and consumer payment experiences, targeting the same banks and merchants that Sphere serves.
• Patch: Patch provides an API for purchasing high-quality carbon credits at scale for businesses, used by fintech and commerce platforms — a direct competitive offering to Sphere's automated offsetting API.
• Doconomy: Doconomy provides APIs and tools that calculate the carbon footprint of transactions and enable consumer offsetting, integrated with banks and payment networks — directly mirroring Sphere's core transactional carbon insight offering.
• Lune: Lune offers an API and dashboard for embedding carbon offsetting into financial products and checkout flows, serving very similar banks, merchants, and payment use cases as Sphere.

Emerging players

• Watershed: Watershed is an enterprise carbon accounting platform that includes Scope 3 measurement and reporting — overlapping with Sphere's emissions reporting product, though oriented to enterprise rather than transaction-level banking use cases.
• Persefoni: Persefoni provides a climate management and accounting platform for enterprise carbon footprints including Scope 3 — a partial competitor on the reporting side, though not embedded in payments.

Broad incumbents

• Stripe Climate: Stripe Climate enables merchants using Stripe to allocate a portion of revenue to carbon removal, addressing the same merchant checkout offsetting use case as Sphere but embedded within a much larger global payments platform.
• South Pole Group: South Pole develops and sells carbon credits and provides carbon advisory services — overlapping with Sphere's curated carbon offset project portfolio and corporate offsetting offering, though at much larger scale.
• Mastercard: Mastercard has rolled out carbon footprint tracking tools for cardholders and has its own sustainability programs — a broad incumbent with overlapping capability rather than a niche fintech specialist.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks5 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/sphereforgood
• Xx.com/sphereforgood
• Facebookfacebook.com/sphereforgood

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Sphere For Good