- Launch of Science Card: Science Card, a London-based start-up, has launched in the UK to raise awareness of university research and address funding challenges for researchers.
- Product Offering: The start-up offers a free e-account, a Mastercard-powered debit card issued by Enfuce, an app for financial management, and support for domestic and international payments, with instant transfers between users.
- Currency Options: Currently, accounts are available in GBP, with USD and EUR options planned for the future.
- Supporting Research: Customers can support UK university projects by rounding up card payments to fund research in their chosen fields.
- Profit Allocation: Science Card pledges to allocate 10% of its profits to these selected research projects.
- Current Research Focus: Customers can support projects on dementia, cervical cancer, and kidney transplants at institutions like Kingston University, King’s College London, University College London, and Newcastle University.
- Mission Statement: The founder, Daniel Baeriswyl, PhD, emphasizes the mission to bridge the gap between science and financial services, enabling people to contribute to a sustainable future through everyday spending.
- Impact on Research: Professor Bashir M. Al-Hashimi of King’s College London highlights that the funding will support technological advances in aerospace, medical imaging, and environmental monitoring.
Laura M
Laura is a financial reporter, editor, and researcher with a particular interest in fintech innovation, capital markets, and the evolving global banking landscape.
You May Also Like
FinTech
Brink’s Strengthens Position with $6.6B NCR Acquisition
Brink's expands its services through strategic acquisition of NCR's Atleos.Highlights: Brink's acquires NCR Atleos for $6.6 billion.The deal...
FinTech
Barclays Strengthens Blockchain Payments Platform Discussions
Bank explores blockchain vendors for enhanced payment solutions.Highlights: Barclays explores blockchain technology for payments.Bank engages with various vendors...
FinTech
Lloyds Tightens Bank Account Opening Process in Branches
The bank limits account openings amidst ongoing service updates.Highlights: Lloyds will restrict opening some bank accounts in branches.The...
FinTech
Jack Dorsey’s Block to Lay Off 4,000 Employees as AI Era Advances
Significant workforce reduction reflects shifts in technology focus.Highlights: Block announces 4,000 layoffs amid evolving AI landscape.The decision comes...