UK’s Neobanking Fintech Tred Secures £702,642 via Crowdcube

Tred, a company that aims to build the United Kingdom’s “leading” green neo-banking platform, has secured 117% (£702,642) of its £600,000 target (at the time of writing) from 895 investors via its crowdfunding campaign carried out through Crowdcube.

Certified by both B Corp & 1% For The Planet, the company’s debit card “plants trees as you spend & app lets you track, reduce & offset.”

Based in the UK, Tred offers 3.76% Equity; reports a £18,003,980 pre-money valuation;
a £13.51 share price.

Tred is on “a mission to build the UK’s leading green neobank.”

With a waitlist of 30k and 1k+ live customers, they’re crowdfunding “to scale up.”

Here are the key business highlights:

• Secured a 5-year deal with Mastercard and registered with the FCA
• Waiting list of over 30k and 1k+ live Beta customers
• Featured in the Evening Standard, BBC, Financial Times & Forbes
• Won “Green Fintech of the Year 2021”, UK Finance Awards

As noted by the firm, sustainability is “a growing trend for UK consumers. Over half of people say they’d switch to a greener bank.”

But greenwashing scandals “make people doubt whether they can trust existing financial institutions to handle their money in a way that’s good for the planet.”

So the firm is “building a new type of neobank: one built on sustainable values, and that helps users be more sustainable too.”

To do this, they’ve launched a green debit card that “lets you track, reduce and offset your carbon footprint, and plant trees as you spend.”

They’re “a Tech Zero member, and we are B Corp and 1% For The Planet certified.”

In the past year, they’ve:

• Successfully onboarded 1k+ Beta consumers
• Had 30k join our waitlist
• Built a debit card programme, with in-house banking & climate tech to support it
• Integrated over 70 brand partners to help reduce your footprint
• Committed to planting 18k+ trees
• Grown to a team of 15
• Welcomed angel investors including: co-founder of Nutmeg, past board observer of FreeTrade, angels from Bridgepoint capital and more

Now they’re raising to take them “to the next stage of growth.”

They’ll scale their userbase, “expand the team, and continue innovating our climate tech.”

They aim to be “the leading green neobank in the UK, making people’s money work for both them and the planet.”

You may join them in “building a neobank that’s truly fit for the future.”