Karma Wallet, an innovative company in the sphere of sustainable finance, has announced the launch of its eponymous card.
In preparation for the launch of a new product, the mentioned firm raised investment funds for more than $2 million. The company’s own card is a landmark action in the context of a large-scale process of combining environmental responsibility and financial technologies.
Substantial financial support for more than $2 million allows Karma Wallet to achieve impressive results in the space of the fintech industry. Obtaining these funds became possible through the contributions of socially conscious investors, including the Tweener Fund, focused on a long-term business strategy.
Investments in Karma Wallet indicate an interest in sustainable financial solutions. This company offers a unique product in the sphere of the fintech industry, which is a reloadable prepaid debit card. The product developed by Karma Wallet not only manages finances but also tracks the environmental and social impact of each transaction. The company’s innovative approach provides consumers with the opportunity to make more informed decisions, ensuring that clients’ financial habits match their personal values.
With Karma Wallet, customers can get personalized information about their carbon footprint and shopping habits. The company also provides consumers with cashback and sustainable rewards.
The funds received in the amount of more than $2 million will contribute to the promotion of the Karma Wallet card on the market. The company strives to educate users about conscious spending. The firm is also making efforts to create a future in which every financial transaction contributes to a more sustainable and equitable world.
In addition to the card, Karma Wallet has developed a companion app. This digital product has a dashboard through which users can get information about the socio-economic impact of purchases and data on the evaluation of more than 15,000 brands. The company’s patented corporate ecosystem allows consumers to purchase goods within the framework of commercial action algorithms that correspond to their personal approach to solving such problems.
Jayant Khadilkar, CEO and co-founder of Karma Wallet said that with the new card, the firm he heads turns everyday transactions into opportunities for profound action.
Kedar Karkare, PhD, one of the founders of the company, said that members of the corporate community of the brand are involved in global efforts to use money as a tool for change. According to him, the mission of Karma Wallet is to educate, gain, and empower consumers that they have contributed to changing the world in the direction that is considered by them as the most correct as part of the purchase of goods.
The company strives to convey to the consumer community the idea that every dollar spent is something like a step towards a more sustainable and equitable environment in all its dimensions and aspects of existence. Last year, the Karma Wallet business was recognized as one of the most successful in the fintech industry.
As we have reported earlier, IndusInd Bank Launches Corporate Credit Card.
