Karma Wallet, a Raleigh, NC-based sustainable consumer spending company, acquired DoneGood, a marketplace for sustainable shopping.
The amount of the deal was not disclosed.
The acquisition combines Karma Wallet’s data platform, brand insights, and financial products with DoneGood’s marketplace, which has over 100 sustainable and ethical brands and a diverse range of products. The acquisition allows Karma Wallet to give members a comprehensive ecosystem for ethical spending, from brand ratings to cashback.
Led by CEO Cullen Schwarz, DoneGood is an e-commerce marketplace where users can buy products from over 100 brands which are good for people and the planet.
Led by CEO Jayant Khadilkar, Karma Wallet provides a financial platform that leverages a data system to give consumers tools to be sustainable. The company evaluates companies on their social and environmental impact — using the united nations sustainable development goals (SDGs) as a framework. It enables consumers to get personalized data around their carbon footprint, insights into their shopping habits, cash back, and sustainable rewards.
FinSMEs
15/04/2024