Radicant is a digital banking platform in Switzerland that offers a free account with up to 1% interest and no fees for card payments, while enabling users to invest in sustainable projects starting from CHF 1,000. The platform supports environmental initiatives, such as mangrove restoration, by allocating a portion of card spending to investment portfolios, addressing the need for accessible and impactful investment options.
Funding
Funding not disclosed
Founders
Product
Problem
Traditional banking solutions often lack transparency regarding the environmental impact of financial activities, making it difficult for individuals to align their banking and investment choices with their sustainability goals. Furthermore, many sustainable investment options have high entry barriers, limiting accessibility for average consumers.
Solution
Radicant offers a digital banking and investment platform designed to empower users to make financially and environmentally conscious decisions. The platform provides a free account with interest, no fees for card payments, and the ability to invest in sustainable projects from CHF 1,000. Radicant integrates sustainability directly into the banking experience by allocating a portion of card spending to environmental initiatives like mangrove restoration and offering investment portfolios aligned with the UN's Sustainable Development Goals (SDGs). Users can also track the carbon footprint of their transactions, promoting greater awareness of their environmental impact.
Target Audience
Radicant targets individuals in Switzerland who are environmentally conscious and seek a transparent, accessible digital banking platform that aligns their financial activities with sustainable investment opportunities.
Features
- Free multi-currency account with up to 1% interest on CHF accounts and 1.5% on EUR accounts up to specified limits.
- 0% fees for card payments in any currency.
- "Saveback" program that invests a percentage of card spending (up to 10% on select subscriptions) into the user's investment portfolio.
- Impactful investment strategies focused on innovative technologies and future-oriented industries aligned with the UN's SDGs.
- Pillar 3a retirement savings options with tax benefits, including both cash accounts with 1.25% interest and investment accounts for higher potential returns.
- Free travel insurance when paying with the Radicant debit card.
- Carbon footprint tracking to monitor and understand the environmental impact of transactions.
- Support for mobile payment solutions like Twint, Apple Pay, and Google Pay, as well as eBill and QR-bill scanning.