Treecard

Debit card promoting ethical spending and sustainability

London, England, United Kingdom

About Treecard

Treecard offers a debit card that allows users to support environmental causes through their everyday spending. The card, issued by Sutton Bank under a Mastercard license, rewards users with points for purchases, especially from sustainable brands and for eco-friendly activities like using public transport or walking. Users can redeem these points for rewards that promote sustainability, such as eco-friendly travel and refurbished tech products. Treecard differentiates itself by focusing on ethical spending and partnering with Ecosia, a search engine that plants trees with its revenue, contributing to the planting of 150 million trees globally. The goal of Treecard is to make it easier for consumers to make a positive environmental impact while managing their finances.

London, United KingdomHeadquarters
2020Year Founded
$28.3MTotal Funding
EARLY_VCCompany Stage
Fintech, Social ImpactIndustries
11-50Employees

Benefits

Unlimited Paid Time Off
Flexible Work Hours
Remote Work Options
Home Office Stipend
Professional Development Budget
Parental Leave

Risks

Increased competition from other green fintech startups.
Slowdown in GreenTech funding may affect future investments.
Dependence on Ecosia for tree-planting initiatives poses operational risks.

Differentiation

Treecard offers a unique wooden debit card for eco-friendly spending.
Partnership with Ecosia funds reforestation through interchange fees.
Focus on eco-conscious consumers seeking sustainable financial solutions.

Upsides

Raised $23M in Series A funding led by Valar Ventures.
Integration with plug enhances eco-friendly shopping experience.
Growing demand for transparency in carbon offsetting benefits Treecard.

Funding

Total raised$28.31 M
Latest valuation$115.00 M
StageEARLY_VC