TreeCard
Building an ecosystem of responsible alternatives to everyday services like banking and internet search.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor investor investor investor investor investor | €0.0 | round |
| investor | €0.0 | round | |
| investor investor investor investor investor | €0.0 | round | |
| N/A | €0.0 | round | |
| investor | €0.0 | round | |
* | $23.0m | Early VC | |
| Total Funding | 000k | ||
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Treecard.org is a startup that operates in the financial technology (fintech) and environmental sustainability sectors. The company offers a unique debit card issued by Sutton Bank, under a license from Mastercard. What sets Treecard apart is its commitment to environmental impact. The company aims to make it easy for users to contribute to environmental causes through their everyday spending and activities.
Treecard serves environmentally conscious consumers who are looking to make a positive impact on the planet. These clients are typically individuals who prefer to support sustainable practices and are interested in reducing their carbon footprint. The market Treecard operates in is a niche segment of the broader financial services industry, specifically targeting eco-friendly and socially responsible consumers.
The business model of Treecard revolves around incentivizing ethical spending and eco-friendly activities. Users earn points for making purchases with the Treecard, especially when they buy from trusted, sustainable brands or use public transportation. These points can be redeemed for various environment-first rewards, such as sustainable travel experiences, conscious clothing, and refurbished green tech products. Additionally, users can earn rewards by engaging in eco-friendly activities like walking instead of driving, which helps reduce carbon emissions.
Treecard makes money through interchange fees, which are small fees paid by merchants whenever a customer uses the Treecard for a purchase. A portion of these profits is donated to Ecosia, a search engine that plants trees with its revenue. This partnership has already resulted in the planting of 150 million trees in over 32 countries.
In summary, Treecard.org is a fintech startup that combines financial services with environmental sustainability, offering a debit card that rewards users for ethical spending and eco-friendly activities. The company generates revenue through interchange fees and contributes a portion of its profits to tree-planting initiatives.
Keywords: fintech, debit card, sustainability, ethical spending, eco-friendly, rewards, carbon footprint, tree planting, Ecosia, refurbished tech.