back Back

Enfuce and Science Card launch payments card to boost research funding

By Gloria Methri

March 22, 2023

  • Enfuce
  • Europe
  • FinTech
Share

Enfuce, Science Card, UK, Mastercard, Research Crowdfunding, Scientific Research Funding, FinTech, EuropeEnfuce has teamed up with UK neobanking start-up Science Card to launch a payments card that would form a new infrastructure for funding scientific research.

Enfuce will issue and process the Mastercard-branded card, which will be made available through Science Card’s app, allowing customers to top up their account with money and use it as their primary spending account.

The Science Card offers a dynamic way for customers to boost scientific research funding with its ‘one-click’ research crowdfunding model.

Launched in the UK, Science Card aims to use the banking ecosystem to drive sustainability, combat climate change, create better healthcare, improve access to education, and super-charge scientific projects that will improve society.

Science Card enables contributions of any size to be made to scientific research projects in seconds through its app. The card will also direct 10% of its profits to fund R&D projects at leading UK universities and give users the option to round up purchase amounts and send them as microgrants to the project of their choice.

Users can fund projects and interests close to their hearts, become research patrons, make a direct contribution to future innovation, and even own a part of each project’s intellectual property.

Daniel Baeriswyl, Founder and CEO of Science Card, said, “Science Card’s customers generate an immediate and positive impact by funding research into better healthcare, cleaner energy, education, and other projects that benefit society.”

“Building a completely new B2C and B2B proposition like Science Card could only have been achieved with Enfuce and Mastercard. The support of these two hugely important and influential partners, who like us believe in using technology as a force for good, is invaluable and will drive our future growth together.”

Denise Johansson, Co-Founder and Co-CEO of Enfuce added, “Science Card is not just a payment account, it is a whole new infrastructure for innovation funding, and Enfuce’s technology platform will underpin its growth. We are delighted to be part of such a crucial initiative that will let people actively fund scientific progress and own a piece of the future.”

Science Card’s initial launch is in the UK, with an estimated 30,000 customers and the goal of funding at least one scientific R&D project worth £300,000 within the first year. There are plans to expand Science Card to the European Union and the US over the next few years.

Previous Article

March 22, 2023

DIGISEQ teams with Curve to bring passive wearable payments to Europe

Read More
Next Article

March 23, 2023

Merchants National Bank partners with Teslar Software to digitise lending processes

Read More








IBSi Daily News Analysis

Web3, Indian market

April 16, 2024

Enfuce

Explosive growth in Web3: UAE and MENA region poised to lead crypto, DeFi, and Metaverse revolution

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News

Today

FinbotsAI set to boost credit risk management for Myanmar’s KBZ Bank

Read More

Today

Paystand integrates B2B Payments with Microsoft Dynamics 365 Business Central

Read More

Today

Orange Money & Jordan Post to boost digital financial services in Jordan

Read More

Related Reports

Sales League Table Report 2023
Know More
Global Digital Banking Vendor & Landscape Report Q1 2024
Global Digital Banking Vendor & Landscape Report Q1 2024
Know More
Wealth Management & Private Banking Systems Report Q1 2024
Wealth Management & Private Banking Systems Report Q1 2024
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q4 2023
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
close-link
Get your copy now! IBSi Sales League Table 2023