Retreeb is a point-of-sale application that facilitates transactions while redistributing 33% of its commission fees to finance social and environmental projects. By enabling users to support causes without incurring additional costs, Retreeb addresses the need for impactful payment solutions in the retail sector.
Funding
$1.7M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Traditional payment methods often involve fees that primarily benefit financial institutions, with limited direct positive impact on social or environmental causes. Consumers lack a seamless way to support charitable initiatives through everyday transactions without incurring additional costs.
Solution
Retreeb offers a point-of-sale application that facilitates payments while automatically allocating 33% of its commission fees to social and environmental projects. By using the Retreeb mobile application, consumers can make purchases from participating merchants and direct a portion of the transaction fees to support causes they care about. The platform leverages QR codes for transactions and utilizes the Fantom blockchain for transparent and efficient allocation of funds. This approach allows users to contribute to impactful projects without any additional financial burden, while also providing merchants with a cost-effective payment solution.
Target Audience
Retreeb targets environmentally and socially conscious consumers who want to support charitable causes through their everyday purchases, as well as merchants seeking a lower-cost payment processing solution with a positive brand image.
Features
- Mobile application for iOS and Android, enabling users to make payments via QR code scanning
- Automatic allocation of 33% of transaction fees to selected social and environmental projects
- User choice in selecting supported projects through the application
- Integration with Intergiro EME for secure euro and dollar transactions
- Utilization of the Fantom blockchain for transaction timestamping and transparency
- Governance token ($TREEB) for community involvement in project selection
- Lower transaction fees (0.9%) for merchants compared to traditional payment systems
- Option for users to fund their accounts via bank transfer or credit card