A start-up led by Wales’s top serial financial technology entrepreneur plans to launch a sustainable money app, account and debit card in January 2025.
Zero, based in Cardiff, is run by chief executive Richard Theodossiades (Richard Theo), who previously set up Wealthify, ActiveQuote and financial technology industry group FinTech Wales. He set up Zero with chief financial officer Benjamin Dixon, who previously held lead finance roles at Kroo and Tandem bank.
The Cardiff business aims to provide climate-conscious consumers with personal finance options that help the environment.
Its leadership team includes chief sustainability officer Lisa Stanley, who previously worked at Triodos Bank and co-founded the website Good With Money.com.
Stanley said: "Zero is planning its full UK public launch for January 2025 and will be adding a succession of exciting new features to the product throughout 2025.
“These will include things like enabling customers to make contributions to carbon sequestration and nature-based projects in Wales, the UK, and beyond.”
The business plans to launch a savings account early in 2025. And, said Stanley: “The future roadmap includes new account features, more sustainability features, a savings product, and a potential sustainable investment offer."
Zero has received funding from business angel investors, supported by the Development Bank of Wales Angel Co-investment Fund. It aims to raise further investment in 2025.
Zero is chaired by Paul Ellis, the former chair of the Ecology Building Society. Its team also includes David Craven as chief operating officer, Kate Hodge as head of product, and Matt Hunt as principal software engineer.
Sounds like another Fana to me 
Failure waiting to happen. Few people who are the money churners for credit providers have the facility to pick and choose
It does.
The fees seem too good to be true.
Fees and Charges
Name of the account provider: Zero
Account name: Zero Account
Date: November 2024
- This document informs you about the fees for using the main services linked to the payment account. It will help you to compare these fees with those of other accounts.
- Fees may also apply for using services linked to the account which are not listed here. Full information in
- A glossary of terms used in this document is available free of charge. You can view it here.
You can download the Fees & Charges for your records.
I think the ATM limit is £500/day so very handy if you’re going to a cash based country.
Ordered one - took about 10 days to reach me. Had to validate at an ATM by making a withdrawal or requesting a balance. This then seemed to block the account :-/
Waited 24 hours, and all seems to be working again. Yet to try and use it. As noted elsewhere, no Apple or Google Pay yet, and no open banking.
We shall see
I got mine in a week or so, which wasn’t too bad considering Christmas post and all.