Purpose Driven FinTech CEO: The world's first plastic-free wooden card: Solving the 6 billion annual plastic cards production challenge | Christian Lehringer, CEO at Copecto
My guest today is Christian Lehringer, CEO at Copecto. Copecto’s innovative product is The TIMBERCARD. The world’s first plastic-free wood payment card that can be used like any conventional banking card. It is fully biodegradable, except for the chip, antenna and magnetic stripe. and when exposed to the soil, it decomposes much quicker than conventional plastic cards
We talk about the 6 billion per annum plastic cards problem and how the Timbercard is part of the solution. He talks to us about the innovative processes behind the card and the challenges in building such an innovative product, including the controversial topic of deforestation. Let’s go and create a world where we have a wood bank card in everybody’s wallet!
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Let’s dive into it!
👉 You can find Christian here
- LinkedIn: https://www.linkedin.com/in/christian-lehringer-745623137/
- LinkedIn Copecto: https://www.linkedin.com/company/copecto-gmbh/
- Website: https://timbercard.com/
👉 And you can find Monica here:
- LinkedIn: https://www.linkedin.com/in/monicamillares/
- YouTube: https://www.youtube.com/@moni_millares
- TikTok: https://www.tiktok.com/@moni_millares
- Website: https://moni-millares.mystrikingly.com/
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In this Purpose Driven FinTech episode we cover:
(0:00:00) The problem of plastic cards in the payment industry
(0:03:08) Introduction to Copecto and the Timber card
(0:07:06) Definition of success and building long-term relationships
(0:13:03) Purpose of using wood as a material in Copecto's products
(0:21:02) Customers demanding sustainable products in financial services
(0:22:55) Impact of plastic card waste on the environment
(0:24:19) Size of the plastic card waste problem
(0:25:55) Biodegradable components and decomposition process of Copecto card
(0:27:07) Laser engraving and personalization options for Copecto card
(0:29:17) Contactless engraving and scheme logos on Copecto card
(0:32:18) Challenges in manufacturing and selling the product
(0:40:41) Leadership style and team approach
(0:43:37) Desire for a more balanced approach in the fintech industry
SEARCH QUESTIONS
- What is the environmental impact of plastic payment cards?
- How many plastic cards are produced annually?
- What is a biodegradable payment card?
- How does the TIMBERCARD wooden card work?
- What is sustainable card manufacturing?
- How to reduce plastic waste in banking cards?
- What are the challenges of wooden payment cards?
- How is wood densified for payment cards?
- What is the future of sustainable payment cards?
- How to make eco-friendly banking cards?
- What are the alternatives to plastic payment cards?
- How do wooden cards meet payment industry standards?
- What is the carbon footprint of payment cards?
- How to create environmentally friendly FinTech products?
- What materials can replace plastic in cards?
- How does regional wood sourcing work for cards?
- What are the certification requirements for wooden cards?
- How to balance profit and sustainability in business?
- What is the innovation process for sustainable products?
- How to build partnerships for green FinTech solutions?
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Production and marketing by Monica Millares. For inquiries about coaching, collabs, sponsoring the podcast or creating or editing your podcast email Monica at fintechwithmoni@gmail.com
Disclaimer: This episode does not constitute professional nor financial advice and does not represent the opinion nor views of my current, past or future employers. The guest has agreed to record and release our conversation for the use of this podcast and promotion in social media.