Tred, which aims to build one of the UK’s green banking platforms, has secured 114%
(£171,707.44) of its £150,000 target from 428 investors with 3 days left in the firm’s crowdfunding campaign, carried out via Crowdcube.
Tred explains that they are B Corp pending as well as 1% for the Planet certified. Tred further reveals that it has “built innovative banking and climate tech that’s tracked £110m+ in payments.”
They’re crowdfunding in order “to launch a business account to the 77% of SMEs that want support being more sustainable.”
Based in the United Kingdom, Tred reportedly offers Equity; EIS; 5.41% Equity; reports a £3,000,000 Pre-money valuation; a £2.07 share price.
Tred’s goal is to establish a green banking solution. The team also mentioned that they have implemented seamless banking and progressive climate technology that’s tracked a relatively large number of transactions. They’re now crowdfunding to introduce a business account for small businesses.
Business highlights are:
- Tracked over £110m worth of payments
- Won ‘Startup of the Year’ and ‘Green Fintech Company of the Year’ awards
- Secured a 5-year deal with Mastercard (in 2021)
As noted in the update, regulators and consumers are “pushing businesses to be greener: 48% of UK consumers say they’d boycott unethical companies.”
Tred believes that UK money management providers “don’t offer trustworthy green credentials alongside slick, modern climate tech. Meaning 77% of the UK’s 5.5m SMEs still need support on their sustainability journey.”
Tred claims that it is here to “change that.” They’re on a mission “to build one of the UK’s leading green banking platforms: Plus, we’re B Corp-pending & certified by 1% For The Planet.”
To date Tred reveals that it has “designed and developed innovative carbon tracking tech (over 10m kgs of CO2 tracked) and built our banking infrastructure (over £110m of payments tracked)”
They did their beta testing with individuals “to refine their tech but learnt that businesses have a greater appetite for a green banking product.” Now theyr’re crowdfunding to launch their business account, offering:
- A green banking provider that doesn’t invest in fossil fuels
- Instant carbon footprint tracking tech for automated ESG reporting
- Easy-to-use banking tech built for modern customers
Tred believes there’s demand for “a provider that will help businesses turn their money and operations green.” Within a few weeks, they’ve already had 170 businesses “register interest for our green banking platform. Invest in Tred and join the green money movement today.”
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