Yayzy, a UK-based sustainable banking app, has successfully secured its initial £200,000 funding target through its equity crowdfunding campaign on Seedrs. Founded in 2019, the Yayzy team has created technology that calculates carbon footprint using payment data and is helping individuals and customers at other businesses act against climate change.
“The YAYZY app automatically tracks the carbon footprint of your daily spending, helps you instantly make up for it using carbon offsets, and guides you towards more sustainable choices.”
The company further revealed that for businesses it offers plug and play APIs so they too can help their customers understand and offset their individual carbon footprint.
“By connecting spending to its impact on the planet, we can shift the use of money from high carbon to low carbon and accelerate the transition to a new era of sustainability and responsibility. Our vision is to make sustainability easy to integrate into daily life by creating a universe of financial products centred around sustainability so you can automatically unlock positive environmental impact.”
Funds from the Seedrs round will be used to continue the development of the Yayzy platform. So far, the campaign, which is set to close at the beginning of October, has already attracted nearly 300 Seedrs investors. The company is now offering 6.36% in equity at a £3.5 million pre-money valuation.
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