UK green fintech start-up Tred to wind down
UK-based green banking fintech Tred is set to close down, with the company announcing in a LinkedIn post that after “four amazing years, countless lessons, and an incredible journey, it’s time to close this chapter”.

UK fintech start-up Tred to shut down
Founded in 2019 and headquartered in Leeds, Tred offers personal and business accounts via its green banking app featuring money management and carbon tracking tools, instant payments, and Mastercard-powered debit cards. With each transaction, the company contributed to environmental restoration projects.
In 2021, Tred secured £1 million through a Crowdcube raise, followed by an additional £600,000 crowdfunding round the next year.
The B Corp certified fintech rolled out its open-banking-enabled app in 2022, allowing users to monitor the environmental impact of their spending while providing personalised recommendations for reducing their carbon footprint.
Tred’s co-founders Will Smith and Peter Kirby also announced the company’s closure in separate LinkedIn posts.
Tred writes in its announcement on LinkedIn: “Recent changes to financial regulations around Authorised Push Payment Fraud (APPF) have significantly impacted smaller disruptors like Tred, which we simply aren’t equipped to sustain.”
“This is the end of Tred, but it’s far from the end of the fight for sustainable finance. The mission continues, and I know that the seeds we’ve planted will grow into something even greater,” the company adds.