Sustainable Money App Zero Launches For Users
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Sustainable money application Zero has gone live for users. It is now letting people invest on Crowd Cube as it begins giving out its debit card, app, and personal current account for nature-loving users.
Richard Theo, the Co-founder of Zero, is a serial entrepreneur who helped build ActiveQuote, Wealthify, and Fintech Wales. The company got its first funding in 2023 from well-known investors, including the Development Bank of Wales. Now, it is letting more people invest through a crowdfunded seed round.
The App Aims To Bring Banking And Eco-friendly Actions Together
This comes after an early access phase that continued for two months, where more than 5000 people signed up to try it first.
The company is working with many partners to bring the product to life, including Mastercard, Integrated Finance, Transact Payments, Onfido, Flagright, Marqeta, and Kani.
Along with a debit MasterCard built from 95% recycled plastic, which can be used abroad without extra ATM or store fees, Zero’s app has the GreenScore. This feature helps people see how their spending affects the environment, not just on their Zero card but also on other cards and accounts linked through open banking. It also gives tips on how to lower their carbon footprint.
Theo said the firm’s dream is to see money help the planet. He added that Zero wants to fill the gap between digital banking and easy ways to be eco-friendly, which is not an option right now.
He said the company may later ask for a full UK bank license to offer more products and services, including eco-friendly loans. Early users will get 400 Community Share Options—up to 20% of the company—to build loyalty and bring people together.
Zero Teamed Up With Kani Payments To Improve Money Records
Last year, Zero shared that it was teaming up with Kani Payments, a company that helps businesses check and report their money data.
Kani Payments’ award-winning platform will help Zero handle its money records better, saving time and effort so it can focus on giving top service to customers.
Kani’s work with Zero comes at a time when more people and businesses want to fight climate change. Zero’s study found that younger people care the most, with 75% of UK adults aged 21 to 34 worrying about the issue. Among the 14 million people in this age group in the UK, 7 million are interested in what Zero offers.
Aaron Holmes, Founder and Chief Executive Officer of Kani Payments, stated that the firm’s work with Zero Fintech is strong and will help Zero reach its goal of letting customers do something good for the planet. He added that Zero is more than a finance app; it helps people use money in a way that helps the earth.
