Economy & Politics

Fintech “Want to take on Revolut”: Ecosia search engine launches debit card

TreeCard will use 80 percent of its profits to plant treesPR

The first fintech generation has made it: It has become a role model: Inspired by the remarkable growth success of neobanks such as Revolut, N26 and Chime, other players such as the crypto exchange Coinbase or the transport service provider Uber are now also offering their own credit cards. Now the German Google competitor Ecosia wants to get involved in the segment.

The search engine participates in the British Fintech Treecard, with which it is also entering into a marketing partnership. Treecard offers a debit card that serves two ambitious goals: The fintech should “compete with companies like Chime and Revolut”, they say – and at the same time save the world.

As with Ecosia, Treecard wants to plant trees with the profits. The program is scheduled to start in the US, UK and EU in 2021. CEO Christian Kroll wants to quickly build up a large customer base via Ecosia’s sales channels, which has 15 million active users.

You can read today what the project looks like and what it could mean for Revolut, N26 and Co. on Finance Forward, the finance portal of and OMR. You can register for the daily newsletter here.

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