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Science Card introduces new debit card offering to help accelerate UK scientific discovery | Fintech InShorts: Latest fintech news, analysis by experts
Monday, December 23, 2024

Science Card introduces new debit card offering to help accelerate UK scientific discovery

  • 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.

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