Ahead of its forthcoming launch, B Corp certified Cardiff-based Zero Fintech announces its suite of delivery partners including Mastercard, Transact Payments, Marqeta and others. Zero is a new UK finance app targeting climate active 21-34 year olds. It’s mission is to reinvent banking for the generation putting the planet first.
Zero, the B Corp Certified fintech, announces a suite of partners ahead of its launch later this year.
Zero is a new UK finance app targeting climate active 21-34 year olds*. It is delighted to partner with the following organisations:
- Mastercard - Debit card scheme
- Transact Payments - BIN Sponsor, Card Issuer and e-money
- Flagright - Transaction Monitoring
- Marqeta - Transaction processor
- TAG Systems - Card manufacturer
- Onfido - Identity verification and KYC
- Kani - Reconciliation
- Plaid - Open banking connectivity
Zero will be launching under e-Money regulations to provide a card, personal current account and app with a focus on sustainability. Zero intends to apply for a full UK bank licence to enable the launch of a range of sustainable lending products in the future.
Who’s funding these at this stage? The market is so crowded.
Let me check it out. It seems I qualify
It’s also daft.
A platform which is designed to provide a “sustainable alternative to banking” and is backed by Mastercard has closed its crowdfunding campaign after raising more than £1m.
Zero is a free money app, personal account and debit Mastercard that “promises no money will be invested in planet-harming activities such as fossil fuel production or deforestation”
According to its Crowdcube page, the platform has raised in excess of £1.13m.
The round is part of a wider raise in which the company had already secured £621,000, which has been reflected in the progress bar.
The business was pre-seeded by the founders, a seed round of £1.025m in Sept 2023 and Mastercard’s financial support.
Funding will be used to support staff expansion, marketing and third party services to power the platform.