Zero Announces Partners Before Launch

Cardiff-based Zero Fintech, which is B Corp certified, has announced its delivery partners as it prepares to launch soon. These partners include Mastercard, Marqeta, Transact Payments, TAG Systems, Flagright, Kani, Plaid, and Onfido.

Zero is a new UK finance application aimed at environmentally conscious 21-34-year-olds. Its mission is to create a new way of banking for the generation focused on protecting the planet. The platform says it’s glad to work with these renowned organizations.

Zero Has Announced Its 8 Delivery Partners

According to the update, Mastercard handles debit cards, Transact Payments issues cards and manages e-money, and Flagright monitors transactions. Furthermore, Marqeta processes payments, TAG Systems makes cards, and Onfido checks identities and manages KYC. Kani manages account reconciliation, while Plaid provides open banking connections.

Zero will launch under e-Money regulations. It will offer customers personal cards, accounts, and an application focused on sustainability. It aims to get a full banking license in the United Kingdom to offer sustainable lending products later on.

The Co-founder and Chief Executive Officer of Zero, Richard Theo, said the platform’s vision is to create a world where money benefits the planet. He noted that the firm aims to ensure money is only used for things that help the universe reach net zero as quickly as possible.

Richard added that the firm wants to fill a much-needed gap between top digital finance features and easy sustainability, which is not currently available to its Gen Zero target market. This market includes four million climate-conscious Gen-Z and Millennial consumers who are 18-34 years old.

Zero Aims To Provide Solutions To Reduce Carbon Footprints

Zero developers said the application is looking at customers’ spending data to find out how their lifestyle affects the climate. It will teach consumers about their consumption and environmental impact. It offers personalized insights and practical tips. This will help people cut their carbon footprint and easily support climate and nature-friendly solutions.

David Craven, Zero’s Chief Operating Officer, said the team is thrilled to have formed partnerships with this impressive group of organizations. He noted that selecting the right partners is essential for success.

Zero has chosen partners who align with its mission and vision. This allows it to provide a top-quality product and experience for its users.

Zero has a team of experienced people in banking, fintech, sustainability, and payments. It is supported by an advisory team that is made up of 12 persons, and 24 angel investors. These include business leaders and Chief Executive Officers.

The fintech secured its seed funding last year from prominent investors, including the Development Bank of Wales. The company is now in the process of raising more funds through a Seed Extension round.