This biodegradable bank card for kids might be the future of sustainable finance

via AltFi

Family-focussed financial management app GoHenry has launched a new biodegradable card for eco-conscious kids.

The card is made of 82 per cent bio-sourced renewable materials and is designed to break down in six months, compared to the over 400 years it takes its plastic equivalent—let’s just hope it doesn’t biodegrade in your pocket. 

GoHenry has also partnered with the Eden Reforestation Project, the same people who help bunq plant its trees, to plant a tree for the first use of each new card.

“There’s a whole generation of no-nonsense kids leading the charge for a more eco-friendly approach to the world around them,” said Lousie Hill, founder of GoHenry. 

Research from the kid-centric fintech found that 40 per cent of 6 to 14-year-olds felt directly responsible for helping to save the planet.

“Our Eco Cards are designed to reflect this passion for the environment and give our young customers the opportunity to go greener, while still taking part in the digital economy,” she added. 

Hill also revealed that she plans to extend the ecologically-friendly range in the future, with the hope of printing all new cards on the “greenest material possible.”

GoHenry recently celebrated 1m customers and is now facing competition from digital banking service powerhouse, Revolut who has launched its own account for children, Revolut Junior.

Revolut Junior currently requires a Premium (£6.99/month) or Metal (£12.99/month) account, whereas GoHenry costs £2.99 per child.