Karma Wallet and Marqeta to launch sustainable prepaid debit card

By Delisha Fernandes

Karma Wallet, a sustainable FinTech platform, partnered with Marqeta, a modern global card issuing platform, to launch a prepaid debit card solution which will empower consumers to impact the world while managing their finances positively.

The planned card will revolutionise how conscious consumers interact with their money, providing them with unique benefits that contribute to a more sustainable future. The reloadable Karma Wallet Card will offer cash back with local, ethical, and sustainable merchants, provide eco-friendly rewards, and educate consumers about the social and environmental impact of the companies they shop with.

The sustainable FinTech platform will integrate with Karma Wallet’s impact data platform. The platform combines 30+ data sources, millions of data points, AI algorithms, and human researchers to rate 15,000+ brands on their social and environmental initiatives.

“We live in an economy that puts profit above all else. We are proud to be building a financial product in which people, planet, and profit go hand-in-hand,” said Kedar Karkare, Co-Founder at Karma Wallet. “Marqeta has the experience and scale to help us bring our innovative technology to more consumers, and we look forward to continuing our work together.”

Through a seamless user experience, secure transactions, and sustainability rewards made possible by Marqeta’s platform, the sustainable FinTech platform will help users take control of their financial decisions and contribute to the change they want to see in the world.

“We are proud to partner with Karma Wallet to support the launch of a sustainable prepaid debit card, enabling them to create customised payments experiences for their customers with Marqeta’s flexible platform,” said Todd Pollak, Chief Revenue Officer, Marqeta. “This partnership reflects our deep appreciation and support of eco-conscious solutions and empowering individuals to impact the environment while managing their finances positively.”