Karma Wallet recently announced the launch of its Karma Wallet Card, a groundbreaking new spending tool that redefines purchase power. Along with a $2 million funding injection from socially conscious investors, including the innovative Tweener Fund, this launch heralds a new era of impact-driven, conscious consumerism.
Designed to disrupt the fintech status quo, Karma Wallet provides an easy mechanism for consumers to understand the true impact of their spending habits. And the Karma Wallet reloadable prepaid debit card is the first financial product to provide real-time insights into every transaction’s social and environmental impact.
Karma Wallet’s growing community can now turn their daily and recurring expenses into direct action, earn cashback rewards, and automatically support reforestation efforts and local food security initiatives on select purchases.
The Karma Wallet companion app has a dashboard that provides an unparalleled view into the socioeconomic impact of each purchase and access to comprehensive impact evaluations of 15,000+ brands. And this proprietary ecosystem showcases where, and more importantly how, cardholders can make purchasing decisions that reflect their individual ethos, and the card allows members to put that directly into action.
With over $2 million in capital poised to propel the Karma Wallet card into the marketplace, the team’s vision is clear: to catalyze a shift towards mindful spending, educate consumers, and shape a future where every dollar spent supports a more sustainable and equitable world.
KEY QUOTE:
“Our members are change-makers; participating in a global effort to use money as a tool for change. Our mission is to enlighten, engage, and empower consumers to be the change they want to see in the world, one purchase at a time.”
— Kedar Karkare, PhD, Karma Wallet’s co-founder
