Company News

7. Jun 2021

Giesecke+Devrient: Australian fintech WLTH and Parley for the Oceans announce partnership to drive eco-innovation into lending and payment industry

WLTH and Parley re-imagine the future of lending with a sustainable suite of products and services to empower customers to actively protect the oceans. For this purpose, WLTH will introduce payment cards made of Parley Ocean Plastic® developed with Giesecke+Devrient and created from intercepted and upcycled marine plastic waste.

Munich, 7 June 2021 – Digital lending and payment provider WLTH and Parley for the Oceans, a new form of environmental organization, announce a five-year partnership to empower customers with an innovative lending solution that offers an everyday way to protect the oceans and support the movement to end marine plastic pollution across Australia. 

WLTH is collaborating with Parley to develop and deliver simple mechanics to its customers to aid in the protection of Australia’s treasured reefs and coastlines from the threats of plastic pollution.

Aimed at a new generation of banking customers who are driven by authentic, impactful commitments to environmental responsibility, WLTH and Parley will deliver an eco-innovative suite of products and services over the next five years.

Scheduled for release in autumn 2021, WLTH will introduce the Convego® Parley Ocean Card developed with Giesecke+Devrient (G+D). The innovative new payment card, made of Parley Ocean Plastic created from intercepted and upcycled marine plastic waste, will empower cardholders with an everyday tool to take action for the oceans.

The dynamic partnership with WLTH gives Parley a new platform to scale its global mission to intercept plastic from beaches and coastlines while educating communities throughout Australia. Together, WLTH and Parley are re-imagining the future of lending and its social impact, creating a practical solution for customers to actively address today’s major ocean threats.

„To end plastic pollution and the environmental crises behind it, we need to align our economic system with the ecosystem we all depend on: the oceans,“ explains Cyrill Gutsch, Founder and CEO, Parley for the Oceans. „Everyone has the power to demand change and take action to help create it, but it’s on industry leaders to own the responsibility of bringing new and better options into reality. The keys are collaboration and eco-innovation. This Convego® Parley Ocean Card and the alliance behind it represent the future we have the opportunity to create, and the role leaders of financial technology can play in shaping it.“

„With sustainability in our core DNA, we have partnered with G+D and Parley to launch the first recycled ocean plastic cards in Australia,“ adds Drew Haupt, Co-Founder of WLTH. „Not only is it an honor to be one of the first fintechs doing so, but it’s also a goal we’ve been aspiring to achieve since the planning phase of building WLTH. As a business, we want to make a difference to the environment and the world around us, and through this partnership, we will be fighting against the growing threat of marine plastic pollution, as well as protecting the oceans and waterways, that are such a huge part of the Australian lifestyle.“

„Consumers are looking for new ways to a more sustainable lifestyle,“ says Dr. Carsten Wengel, Global Head of Sales & Distribution at G+D. „That’s why we offer banks our eco-innovative payment cards. They remind consumers every day of their own and their bank’s environmental commitment to protecting the planet.“

Out of the gate, WLTH will contribute proceeds to Parley for the Oceans with every new user who activates a WLTH Pay account. WLTH will include additional mechanics such as round-up features, plastic off-setting options, and will host events and customer expeditions with Parley for the Oceans throughout the year to raise awareness for the beauty and fragility of the oceans.

WLTH’s commitment to support Parley for the Oceans includes allocating contributions for every home loan towards Parley for the Oceans’ Australian Clean-up Efforts to support intercepting plastic from beaches and coastlines from around the country.

About Parley for the Oceans

Parley for the Oceans is a new form of environmental organization that brings together creators, thinkers, and leaders across brands, governments, creative communities and environmental groups to raise awareness for the beauty and fragility of the oceans and collaborate on projects that can end their destruction. What started as a collaboration space has fast become an award-winning global movement and network with its multidisciplinary approach and Parley AIR Strategy (Avoid, Intercept, Redesign), Parley works to accelerate solutions to marine plastic pollution, climate change and overfishing. Parley understands current plastic is a design failure, sees the long-term solution in a Material Revolution. To catalyze awareness and fund initiatives focused on direct impact, education, material science and eco-innovation. Parley introduced Ocean Plastic, a catalyst material made from intercepted marine plastic waste to replace virgin plastic while raising awareness and funds that empower leaders in the sports, fashion and luxury industries to transform products into symbols of change.

Parley has formed alliances with major partners including adidas, Anheuser Busch InBev (Corona), Giesecke+Devrient, American Express; the Republic of the Maldives, the United Nations, World Bank, British Fashion Council, and collaborates spanning the worlds of science, art, fashion, design, entertainment, sports, space and ocean exploration. Learn more and join the movement at www.parley.tv

About WLTH

Founded in Brisbane in 2019 by serial entrepreneurs Brodie Haupt, Drew Haupt, Darren Hodgkin and John Kerr, WLTH is a digital lending and payment provider designed to supply Australians with a reimagined approach to flexible residential, SMSF, and commercial lending solutions through a simple five-step, low-rate, hassle-free digital application process.

With a focus on technology, loyalty, and sustainability, WLTH will bring to market a suite of tech-centric products, including feature-laden transactional accounts, a powerful payments app, a high-value loyalty system and a pipeline, including a myriad of further fintech solutions. WLTH currently has offices in Brisbane and Sydney, with rapid national expansion plans. https://www.wlth.com

About Giesecke+Devrient

Giesecke+Devrient (G+D) is a global security technology group headquartered in Munich. As partner to organizations with highest demands, G+D engineers trust and secures essential values with its solutions. The company’s innovative technology protects physical and digital payments, the connectivity of people and machines, the identity of people and objects, as well as digital infrastructures and confidential data.

G+D was founded in 1852. In the fiscal year 2020, the company generated a turnover of 2.31 billion euros with around 11,500 employees. G+D is represented by 74 subsidiaries and joint ventures in 32 countries. Further information: www.gi-de.com

Contact

Parley for the Oceans
Sara Jaurequi
Email: sara@parley.tv

WLTH
Ben Crow
Email: b.crow@wlth.com

Christoph Lang
Giesecke+Devrient
Spokesman
Corporate Communication
Tel: +49 89 4119-2164
Email: christoph.lang@gi-de.com

PR-COM
Andrea Alton
Senior Account Manager
Tel: +49 89 59997-705
Email: andrea.alton@pr-com.de

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