4 years ago

TreeCard Raises $5.12 Million to Expand its Eco-Friendly Payment Card

  • TreeCard, a London-based company that offers a wooden Mastercard™ that plants trees with everyday spending, has raised $5.12 million in seed funding

  • The round was led by EQT Ventures, with participation from Seedcamp, Episode 1 and angel investors including Matt Robinson and Charlie Delingpole

  • The company plans to use the funds to hire fintech talent, support product roll-out across the UK, and expand into the US and key European markets

  • TreeCard links with current bank accounts and regular purchases contribute to tree planting projects by Ecosia, the green search engine

  • At least 80% of profits go straight to reforestation projects in 26 countries around the world

  • The company makes money from the interchange charge and invests 80% of profits into sustainable causes, including reforestation in partnership with Ecosia.

      • ProblemFinancial Services

      "It’s difficult to make sustainable choices when it comes to everyday spending."

      Solution

      "TreeCard is a wooden Mastercard™ payment card that plants trees with everyday spending. It links with current bank accounts, enabling users to integrate the service into their usual spending habits. The card is free to customers and regular purchases contribute to tree planting projects by Ecosia, the green search engine. At least 80% of profits go straight to reforestation projects in 26 countries around the world."

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