Zero, the B Corp Certified fintech, announces a suite of partners ahead of its launch later this year.
Zero is a new UK finance app targeting climate active 21-34 year olds*. It is delighted to partner with the following organisations:
- Mastercard – Debit card scheme
- Transact Payments – BIN Sponsor, Card Issuer and e-money
- Flagright – Transaction Monitoring
- Marqeta – Transaction processor
- TAG Systems – Card manufacturer
- Onfido – Identity verification and KYC
- Kani – Reconciliation
- Plaid – Open banking connectivity
Zero will be launching under e-Money regulations to provide a card, personal current account and app with a focus on sustainability. Zero intends to apply for a full UK bank licence to enable the launch of a range of sustainable lending products in the future.
Richard Theo, cofounder and CEO said: ‘Our vision is a world where money is a force for the good of the planet. Where money will never be used for anything that isn’t getting us to net zero as fast as possible.
‘We’re aiming to fill a much-needed gap between best-in-class digital finance features and effortless sustainability that simply isn’t currently available to our Gen Zero target market of four million climate active* 18-34 year old Gen-Z and Millennial consumers.’
By analysing customers’ spending data to identify areas of their lifestyle contributing to climate change, the app will both educate customers around their consumption and environmental impacts, as well as offering them solutions to make reductions. Through personalised insights and actionable recommendations, Zero will empower individuals to reduce their carbon footprint and effortlessly contribute to climate and nature-positive solutions.
David Craven, COO, added: ‘We’re delighted to have secured partnerships with this impressive list of organisations. Choosing the right partners is crucial for success. Zero has selected those that share in our mission and vision, as well as enable us to offer a best-in- class product and experience to our end-users.’
Launching later this year, Zero employs a diverse team of specialists with experience across fintech, banking, payments and sustainability. It is supported by a 12 strong advisory group & 24 angel investors including entrepreneurs, founders and CEOs. Zero raised its seed funding round in 2023 from notable investors including the Development Bank of Wales. Zero is currently raising a Seed Extension funding round.
With a firm belief in the power of collective action, Zero is also pioneering a new customer ownership model which it calls its Community Option Scheme, through which the company will share 20 per cent of the value of the business with its customers.