TreeCard, a UK fintech innovator, has unveiled its flagship wooden bank card. Designed to minimise negative environmental effects, its USP is planting trees using our everyday interchange fees.
If you needed a valid excuse to burn through your hard earned wages in 2021, we may have just found it.
TreeCard, a fintech company from the UK has developed the world’s first ever wooden debit card. Wait, I thought money didn’t grow on trees?
Created using sustainably sourced cherry wood, its founders Jamie Cox, Gary Wu, and James Dungan claim the card will soon reduce plastic waste on a global scale while funnelling profits into vital tree planting initiatives.
Securing $5.1 million USD in its latest round of seed funding from the likes of GoCardless founder Matt Robinson and Indeed chief Paul Forster, TreeCard is striving to become the ‘leading green finance brand’ when it launches in the latter part of 2021.
Those who sign up for a card (which you can do here, by the way) will be able to link their new TreeCard account directly to their current account.
After setting up app preferences, purchases can be routed from Apple Pay, Google Pay, and Samsung Pay directly through TreeCard. This will ensure that your interchange fees – the standard fees paid by commercial stores to accept card payments – go towards funding vital tree planting schemes.
Theoretically, you could blossom from a spendthrift into an environmental activist in a single shopping spree. Sounds good, eh?