New York, NY - May 30, 2017
KiwiTech, LLC, a startup accelerator and technology services company, today announced that it has signed a strategic partnership agreement with Empower Equity (EMPEQ), a New York-based FinTech firm that was created to remove, at scale, the upfront cost barrier to energy efficient upgrades for mid-sized commercial buildings while saving building owners 10-40% on energy expenses starting day one. As part of this alliance, KiwiTech will become the technology partner for Empower Equity.
“We are delighted to join hands with Empower Equity. Their innovative platform brings transparency and standardization to commercial energy efficiency project evaluation,” said Rakesh Gupta, CEO of KiwiTech. “With deep experience in tech and investment space, we’re committed to help Empower Equity change the traditional energy finance industry forever.”
“At Empower Equity, we are pioneering the creation of a new investment vertical that not only solves the financing gap for building owners and tenants, but also enables investors to capture the returns they desire,” said Derek LaClair, President and CFO of Empower Equity. “In our endeavor to bring scalable investment opportunities to the North American mid-sized commercial energy efficiency industry, we created Empower Visibility – a platform that can underwrite a commercial energy efficiency project in a matter of minutes. Empower Visibility enables our contracting partners to sell faster and close more deals.”
We’re pleased to be working with Rakesh and the entire KiwiTech team. We are confident that their commitment to technology innovation and hands-on experience in digital transformation will help create a better experience for our customers, partners, and users.”
About Empower Equity
Empower Equity provides energy financing to mid-sized commercial buildings using a no-cost integrated energy platform. Their proprietary solution satisfies the energy industry’s need for truly off-balance sheet project financing with the goal of lowering operating expenses and increasing the value of commercial buildings.
KiwiTech provides end-to-end digital technology solutions across a wide range of industries, including publishing, healthcare, media & entertainment, education, financial services, and government. It has quickly gained recognition as an innovator by investing in numerous early-stage startups and partnering with large enterprises. Leveraging world-class design and technology development capabilities and extensive expertise with content management and creation, KiwiTech enables companies to seamlessly add mobile to their technology stack. KiwiTech is based in Washington DC, with additional offices in New York and New Delhi, India.