Cavex is a cloud-based digital marketplace that will facilitate the collection, verification and monitoring of data on climate positive actions from small projects and facilitate trading through a transparent pricing model. This will enable numerous small, accurately measured projects that wouldn’t have the scale nor resources to go through tailored expert evaluation to participate in carbon credit trading and access climate financing.

In the early phases of this project, FSD Africa provided grant funding to 4RDigital to develop a proof of concept and detailed use cases for Cavex with the aim of improving market infrastructure to facilitate the scaling up of voluntary carbon markets. Following successful concept development, we have provided pre-seed capital to support the build out of the platform and to facilitate a future seed capital raise. The use cases being tested during platform development include a solar powered water pump project in Kenya and a rechargeable batteries project in Senegal. Once built, the Cavex platform will be scalable across different use cases and geographies, including across and  beyond Africa.