Tred

Plant trees as you spend & track your carbon footprint

5.0•2 reviews•

308 followers

Plant trees as you spend & track your carbon footprint

5.0•2 reviews•

308 followers

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Get the gamechanging green banking app that helps you save the planet. Plant trees as you spend with your Tred card, and track your carbon footprint in real-time in the Tred app. Use Tred Connect to link all your other accounts to see your entire footprint.

Free

Launch tags:Fintech•Climate Tech•Money

Launch Team

Migma — Lovable for Email

Lovable for Email

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Tred

Maker

Hi folks, I'm Will, co-founder of Tred. I started Tred with my friend & co-founder Pete because we saw that a lot of people wanted to have their money do good for the planet, but there weren't any options out there with the same easy-to-use feel that consumers have come to expect from their banking apps. We set out to make making the right choice easier, and that's what Tred has been built to do. Tred users help fund tree planting every time they use their Tred cards (which are made from recycled plastic), at no cost to them. In their Tred app they can see their carbon footprint, broken down by category to understand it better, and see a drill down on the exact emissions of an individual transaction. Our reduce section makes shrinking their footprint more rewarding, with discounts on top eco-brands. Users can also opt to offset the rest of their footprint dynamically using their choice of verified offset plan, so they can go totally carbon neutral. With Tred, your money never funds fossil fuels. Unlike the big banks, who fund oil and gas projects to the tune of hundreds of billions each year. We’re a B Corp and members of 1% For The Planet, so you know with Tred you’re having a positive impact. We’ve built our own world-leading carbon tracking tech to enable accurate carbon tracking, and we’re currently rolling out our latest feature ‘Tred Connect’. This allows you to connect your other bank accounts to Tred, letting you see your total carbon footprint. Tred is in beta right now. If you’re based in the UK you can try it for free. We’d love it if you joined our community and gave us feedback to keep making Tred better. We’re on a mission to make money work for people and the planet, and the easier and more accessible we can make it, the more people will get involved and the more impact we’ll have on tackling climate change. 🌍

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3yr ago

@will_smith_tred I've been using mine for months, I can't wait for this to be my only card!

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3yr ago

The Meal Prep Jar

@will_smith_tred This is a very neat initiative. Congratulations on your launch!

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3yr ago

I have been using my Tred card for months now and think it is brilliant. My aim is to use it for all my day to day spending and move away from Monzo. Will and Pete have built a fantastic company that allows everyone to do good for the planet. What is not to like!! Well done Team Tred.

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3yr ago

Tred

Maker

@benlundie that's great, thanks Ben! 🌳

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3yr ago

This is such a cool idea. One thing, though. What's the ratio of money spent to trees planted?

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3yr ago

Tred

Maker

@shubham__dogra Hi Shubham - good question. every time you make a transaction, the retailer pays a small fee called the 'interchange fee'. Normally card providers keep their cut of this fee for themselves, but at Tred, we have committed to using 10% of the revenue we earn from this payment to fund tree-planting projects. 🌳 We have also committed to planting 15,000 trees with the Mastercard Priceless Planet coalition 🌍 We fund different tree planting projects around the world, and the cost per tree differs at each project, so we can't give you an exact ratio of spend in to trees, because it depends on individual projects how many trees they can plant per amount donated. Although each tap of your card only contributes a little bit, over time it'll add up! And importantly, it lets all our customers fight climate change at no extra cost, and without doing anything differently at all.

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3yr ago

@will_smith_tred Thanks. For the answer and your initiative. And, congratulations on the launch!

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3yr ago