Treecard

Forget about your shiny metal debit card; TreeCard is an eco-friendly wooden debit card that uses transactions from merchants to plant trees. It is a UK-based fintech company that offers these wooden spending cards that promise to finance reforestation from the generated interchange fee and raised seed funding for $5.1 million. Founded by four Londoners, the new debit card is the world’s first wooden debit card to help plant trees every time you shop. The angel investors backing TreeCard are Matt Robinson, founder of GoCardless; Paul Forster, founder of TreeCard; and Charlie Delingpole, founder of ComplyAdvantages. EQT Ventures provided the initial financing with a stake in Seedcamp Episode 1.

Jamie Cox, Gary Wu, and James Dungan claim that their debit card will reduce plastic waste worldwide and funnel profits into vital tree planting initiatives. Ecosia supports TreeCard, a tree planting search engine and is the “world’s first pure wood debit card” and transfers 80% of its profits to forests around the world.

TreeCard is good for individuals who want a greener bank account. You can use it with your standard bank, so you don’t have to switch banks. They also have an app that lets you track your spending and share bills with friends so you can view how many trees you have planted and how often they are left in your life. TreeCard supports Apple Pay, Android Pay, and Samsung Pay so that you can use it as a virtual credit card. Once you link the TreeCard app to your bank account (s), you can forward your purchases through the app. Every transaction you make washes a portion of the issue fee into a tree-planting project by Ecosia Green.

Thanks to this debit card, there is a way to plant a tree for each payment. The wooden debit cards that help us return their money to conscious donors are made of FSC cherry wood instead of plastic and more than 300,000 cards made from a single tree according to the eco-friendly search engine Ecosia.

Website: Treecard