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Tred
Carbon tracking debit cards & app
- 1-20 employees
- Fintech
- B2C
- Sustainability
- Credit cards
- Leeds City Centre, Leeds, UK
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Company mission
Tred wants to redefine the debit card - creating mobile banking for a greener future and helping to tackle climate change.
Our take
When it comes to climate change, saving the planet is everyone's responsibility. Surveys have shown that more people care about the environment than ever, so the demand for solutions is certainly there. Yet, knowing what to do on an individual level can be tricky. Everyone knows that flying less or eating less meat can create obvious benefits for the environment, but few would think that the way they bank could make a difference.
According to Tred, it can. That's why they've created a mobile banking app that helps save the planet. Their platform allows users to monitor and understand the impact that their spending has on the environment. Think of it like Garmin or Fitbit but for environmental impact - the Tred app automatically tracks users' spending and instantly converts it into its environmental impact. By giving users feedback on their spending in this way, Tred is hoping to change spending habits for the better.
Since its launch, Tred has partnered with Open Banking, Stripe, and Nium, all well-established in the online payments world. However, competition is fierce, and Tred's success relies on the appeal of its mission. But demand for new environmental solutions is rising and if Tred can bring green finance into the limelight, as well as provide a top-quality app, the company has the potential to change the way we as a society think about our spending.
Freddie
Company Specialist at Welcome to the Jungle
Benefits
- Pension
- We lead by example so we offer a £500 ‘eco-allowance’ to help you live more sustainably. Want a new bike?! Need a KeepCup?! You choose, we pay
- We’re a friendly team with regular company socials, come along if you want but it’s 100% optional. Looking for people to champion internal clubs. A David Attenborough fan club, vegan bake-off or the Tred Twitchers - what will you start?!
- We trust you to get your work done. We have 10am-4pm core hours, the rest is flexible around you or your team
- Additional month of unpaid leave per year
- 25 days holiday (excl. bank holidays)
- Work from home opportunities
Funding (last 2 of 3 rounds)
Aug 2023
$0.2m
SEED
May 2022
$0.9m
SEED
Total funding: $1.9m
This company has top investors
Leadership
Peter Kirby
(Co-founder)Peter was previously a consultant at Newton Europe, where he worked for 5 years before co-founding Tred in 2020.
Will Smith
(Co-Founder)Previously worked as Lead Consultant at Newton Europe, and as an S&OP Consultant at Mous.