PLAN3T is a fintech application that securely connects to users' bank accounts to track spending and calculate the associated carbon dioxide emissions from their purchases. The app provides cashback rewards from sustainable partners and offers personalized insights to help users reduce their environmental impact while saving money.
Funding
$870K raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Many consumers lack awareness of the environmental impact of their spending habits, making it difficult to make informed decisions that align with sustainable living. Existing methods for tracking carbon emissions are often complex, inaccurate, and not integrated into everyday financial transactions. This lack of transparency hinders efforts to reduce individual carbon footprints and support eco-friendly businesses.
Solution
PLAN3T is a fintech application that addresses this problem by securely connecting to users' bank accounts to automatically track and calculate the carbon dioxide emissions associated with their purchases. The app provides users with insights into their environmental footprint, broken down by spending category, and offers personalized tips for reducing their impact. PLAN3T also rewards users with cashback in the form of PLAN3T Coins when they shop at a network of sustainable partner businesses. These coins can then be used to support social and climate protection projects, further incentivizing eco-conscious behavior. By integrating carbon tracking with financial transactions and offering tangible rewards, PLAN3T makes sustainable consumption more accessible and engaging for everyday consumers.
Target Audience
PLAN3T targets environmentally conscious consumers who want to understand and reduce their carbon footprint through informed spending decisions and support sustainable businesses.
Features
- Secure bank account integration via open banking APIs for automated transaction tracking.
- Carbon footprint calculation based on purchase data, using proprietary algorithms and emissions factors.
- Real-time visualization of CO2 emissions by spending category (e.g., food, transportation, clothing).
- Cashback rewards (PLAN3T Coins) for purchases made at over 60 sustainable partner businesses.
- Option to redeem PLAN3T Coins to support vetted climate and social impact projects.
- Personalized recommendations and life-hacks for reducing carbon footprint based on spending habits.
- Data privacy and security measures compliant with German data protection standards, including anonymization, encryption, and European-based servers.
- Mobile app available on iOS and Android platforms.