Michael Seibel

Bend - A modern corporate card built for climate-friendly business

With Bend any company or organization can automatically track and reduce their greenhouse gas emissions (for free!) as they earn 4% yield on deposits, and carbon removal credits with every purchase.

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Spandana Nakka
Congrats on the launch!!
Samuel French
Will my card rewards actually take me all the way to net-zero?
Thomas Constantine Moore
@samuel_french So, the short answer is not quite. Your mileage will vary depending on what your top spend categories are—for example, almost all of our expenses are software costs so our rewards offset about 50% of our monthly emissions (we then offset the remainder in a separate purchase). A company that travels a lot would have a higher average carbon intensity for their spend, so the rewards wouldn't go as far. But you can always opt in to our net-zero plan!
Adi Patel
This is super slick Thomas! Congrats on the launch and can't believe how polished the product looks.
Thomas Constantine Moore
@adi_patel Thanks so much, Adi!
Ahmad Ali
Great product! Congrats on the launch
Binod T
Congratulations on the launch.
Nick Yarmesch
Congrats on the launch, looks amazing! How accurate are carbon emission estimates?
Thomas Constantine Moore
@nickyarmesch The short answer is, more than accurate enough to be credible. We do rate our assessments on a Confidence Score out of 10 to be fully transparent when we're using a more or less narrow factor. For example with our Amazon Business integration we can actually estimate the emissions from each line item product individually, which is definitely our sharpest method. More here though! https://usebend.com/how-it-works
Nick Yarmesch
@thomascmost Very cool!
Adam Turman
Can you please elaborate on if you give any credits or is everything prepaid?
Thomas Constantine Moore
@adamrturman Yep, good question. We'd argue that as much as companies like to have credit, few companies really need it. We have all the spend management features you'd expect; but you do need to fund your Bend account to start spending. Credit is on the roadmap though, so if it's important to you, definitely let us know!
Zara Perumal
Cool! Congrats @thomascmost and team
Luke Button
Looking forward to giving this a try. Congrats on the launch
Dano Morrison
How does Bend make money?
Thomas Constantine Moore
@jdpigeon Like other card companies, we keep a percentage of the interchange as revenue. We also have rev-share with our offsets provider, Patch, and have enterprise SaaS subscriptions for customers that need more than our self-serve carbon accounting tools.