TreeCard – the world’s first wooden Mastercard payment card that plants trees with everyday spending – has raised a USD5.12 million in a seed round led by EQT Ventures, with participation from Seedcamp and Episode 1.
Angel investors including Matt Robinson (the founder of GoCardless) and Charlie Delingpole (founder of ComplyAdvantage) also participated in the round. The funding will be used to hire fintech talent, support product roll-out across the UK, and expand into the US and key European markets.
Consumers direct the economy through spending, with sustainability increasingly prioritised. Last year, it was announced that ethical consumer spending and finance in the UK alone reached a record GBP98 billion. TreeCard enables consumers to take an active role in making a difference to the climate emergency through everyday spending, without any cumbersome processes. By challenging the finance industry in this way, positive and long-lasting impact can be created.
Read more at: Private Equity Wire
