Treecard

Treecard

Debit card promoting ethical spending and sustainability

About

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 experiences and refurbished tech products. Treecard differentiates itself by focusing on ethical spending and environmental impact, donating a portion of its revenue from interchange fees to Ecosia, a search engine that plants trees. The goal of Treecard is to make it easier for consumers to contribute positively to the planet while managing their finances.

Company Stage

Seed

Employees

11-50

Industries

Fintech, Social Impact

Total Funding

$28.3M

Headquarters

London, United Kingdom

Founded

2020


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Simplify's Take

What believers are saying

  • 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.

What critics are saying

  • 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.

What makes Treecard unique

  • 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.

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Growth & Insights
Headcount

6 month growth

-9%

1 year growth

5%

2 year growth

5%

Benefits

Unlimited Paid Time Off

Flexible Work Hours

Remote Work Options

Home Office Stipend

Professional Development Budget

Parental Leave

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