By Aisling Finn on Tuesday 2 November 2021
The new fintech is also the first UK fintech to join Mastercard’s Priceless Planet Coalition.
As the world’s leaders gather in Glasgow for COP26, a new green debit card has hit the scene.
Ekko is a climate-friendly debit card, app and platform that is helping consumers fight climate change one step at a time.
For every five transactions, the new fintech pays for an ocean-bound plastic bottle to be collected and every 50 transactions it pays for a tree to be planted and maintained.
“As the world’s leaders come together at COP26 to advocate collaborative action, so starts our own journey,” Oli Cook, CEO and co-founder of Ekko said.
“We have spent the past 24 months building a powerful collection of financial tools that mobilises people from every walk of life to do good and to live more sustainably effortlessly.”
Powered by Mastercard, Ekko is the first UK fintech to become a Priceless Planet Coalition partner—with the new initiative from Mastercard aiming to restore 100m trees by 2025.
“We are really delighted to be partnering with Ekko, not only to bring much-needed greener payment solutions to consumers, but we also welcome them into our growing Priceless Planet Coalition,” Scott Abrahams, senior vice president of business development at Mastercard UK and Ireland added.
“Commitments around global reforestation will be a critical goal for the COP26 Summit and as a coalition, we will contribute 100 million trees by 2025.”
In the app, users are also able to keep up to date with their green activity, track progress and monitor their carbon footprint via the app’s in-built carbonmeter.
Ekko’s launch is supported by its recent crowdfunding efforts on Seedrs, which saw it raise over £450,000 in an overfunded round in September 2021.