Karma Wallet, a pioneering company in sustainable finance, announces the launch of their Karma Wallet Card and has bagged over $2m.
This new product is a significant step in combining financial technology and environmental responsibility. With a substantial backing of over $2 million, Karma Wallet is making strides in the world of FinTech.
This funding was made possible through the contributions of socially conscious investors, including the forward-thinking Tweener Fund. Their investment underlines the growing interest in sustainable finance solutions.
Karma Wallet stands out in the FinTech industry by offering a unique product – a reloadable prepaid debit card that not only manages finances but also tracks the social and environmental impact of each transaction. This innovative approach allows consumers to make more informed decisions about their spending, aligning their financial habits with their personal values.
The funds raised will be instrumental in advancing the Karma Wallet Card into the consumer market. The company aims to educate users about mindful spending and to promote a future where each transaction supports a more sustainable and equitable world.
In addition to the card, Karma Wallet has developed a companion app. This app features a dashboard providing insights into the socioeconomic impact of purchases and evaluations of over 15,000 brands. This proprietary ecosystem empowers consumers to make purchases that reflect their individual ethos.
Karma Wallet CEO and co-founder, Jayant Khadilkar, emphasized the company’s mission in a statement: “Through the Karma Wallet Card, we’re turning everyday transactions into opportunities for profound action.”
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