Banyan Infrastructure provides a purpose-built project finance software designed to simplify, accelerate, and optimize the financing of sustainable infrastructure across the deal lifecycle. The company's platform enables banks, financiers, and developers to automate and track complex project finance transactions with a unified risk and data management system. Banyan's software replaces spreadsheets, emails, and varied documents with digitized loans and workflows, automating data ingestion, risk monitoring, and contractual compliance for each loan.
Banyan's technology aims to address the critical pain points in sustainable project financing, which has traditionally been hampered by manual and inefficient processes. By streamlining the financing process, Banyan aims to unlock capital for renewable infrastructure, enabling its customers to rapidly grow their sustainable infrastructure portfolios and achieve net-zero targets.
The company has experienced significant growth, with a 700% year-over-year increase in the past year. In March 2023, Banyan secured a USD 25 million Series B funding round, bringing its total funding to over USD 42 million. The funding will be used to expand the company's headcount and further develop its proprietary software.
Banyan's customers include NY Green Bank, a USD 1 billion sustainable infrastructure investment fund, Standard Solar, and SMBC. As of 2024, the company is enabling billions of sustainable infrastructure investments across seven countries and thousands of projects.
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