Intellabridge Technology Corporation Officially Launches Karma Card

Rhea-AI Summary

Intellabridge Technology has officially launched its Karma Card, ending its successful beta phase and introducing the 'Cause Cards' program and a 'pay-what-you-wish' subscription model. This launch aligns everyday financial transactions with social and environmental impacts, guided by the UN Sustainable Development Goals (UN SDGs). The 'Cause Cards' cover five key causes: ChangeMaker (all 17 UN SDGs), OceanSaver (ocean protection), EcoWarrior (climate change), LifeSupporter (health initiatives), and HopeGiver (hunger and poverty). Users earn cashback that can be donated to related charities. The cards are made from ocean-bound plastic, supporting sustainability. Karma's subscription model allows users to set their monthly fee, enhancing their cashback benefits and positive impact.

Positive

• Official launch of Karma Card, expanding market reach.
• Introduction of 'Cause Cards' supporting five key social causes.
• Successful completion of beta phase, indicating market readiness.
• Partnership with CPI for sustainable, ocean-bound plastic cards.
• Pay-what-you-wish subscription model offers flexibility and increased user engagement.

Negative

• No specific financial metrics or projections mentioned in the PR.
• Potential risk of low subscription revenues due to 'pay-what-you-wish' model.
• Initial operational and marketing costs for new product launch may impact short-term profitability.

Boulder, Colorado and Vancouver, British Columbia--(Newsfile Corp. - May 29, 2024) - Intellabridge Technology Corporation (CSE: KASH) (OTCQB: KASHF) (FSE: KASH) (the "Company" or "Intellabridge"), a leading fintech company committed to sustainable development and philanthropy, is proud to announce the official launch of Karma, marking the end of its successful beta phase and the introduction of its unique 'Cause Cards' program and "pay-what-you-wish" subscription model. This launch heralds a new era in socially responsible finance, offering consumers a unique way to connect their spending habits with their values through their innovative Karma Cause Cards and the ability to tailor their impact by choosing their own subscription fee.

The Transition from Beta: A New Chapter Begins

Karma's journey began with a vision to align everyday financial transactions with impactful social and environmental change using the United Nations Sustainable Development Goals (UN SDGs) as a roadmap. After a successful beta phase, Karma is now ready to expand its reach, providing a comprehensive platform that seamlessly integrates everyday spending with charitable giving.

John Eagleton, Intellabridge CEO, said, "Today marks a significant milestone for Karma. We're thrilled to move beyond our beta version and bring our full suite of services to a wider audience. Our mission has always been to create a platform where financial decisions and social responsibility go hand in hand. With the official launch, we're turning this vision into a reality."

5 cards, 5 causes: Introducing Karma Cause Cards

The heart of Karma's official launch is the introduction of the 'Cause Cards' program. Each card in the program is dedicated to supporting one of five key causes: ChangeMaker supports all 17 UN SDGs, while OceanSaver, EcoWarrior, LifeSupporter, and HopeGiver support nonprofits working to protect oceans, combat climate change, support health initiatives, and combat hunger and poverty, respectively. These cards allow users to earn cashback on purchases, which can then be donated to a carefully curated and rotating selection of charities aligned with each card's cause.

Katherine McClure, Head of USA at Qenta's payments division, Karma's program management partner, said, "We're excited to be a part of Karma's journey. The 'Karma Cause Cards' are a game-changer in the banking industry, offering customers a unique opportunity to support causes they're passionate about, simply through their everyday spending."

Sustainability at the Core

In line with its commitment to sustainability, Karma has partnered with CPI, renowned for their production of cards made using ocean-bound plastic. These cards are made from plastic waste collected from oceans and waterways, reducing environmental impact and supporting cleaner oceans.

Pay What You Wish for Your Subscriptions

In addition to the Cause Cards, Karma introduces a pay-what-you-wish subscription model. This innovative approach offers users the flexibility to set their own monthly contribution for their Karma cards, starting at $0. Choosing to contribute more not only increases the user's cashback benefits but also amplifies their positive impact on the selected causes.

A Bright Future Ahead

With its official launch and the Karma Cause Cards, Karma is poised to redefine the relationship between personal finance and social impact. As Karma continues to grow and innovate, it remains committed to empowering individuals to make a difference with each transaction.

For more information on Karma, the Karma Cause Cards, and the pay-what-you-wish subscription model, visit getkarmacard.com. We are pleased to announce that our updated investor presentation is now available on our website. This presentation provides comprehensive insights into our recent performance, strategic initiatives, and future outlook. We invite all investors and stakeholders to view the updated presentation by visiting the Company section of our website.

About Intellabridge Technology Corporation

Intellabridge Technology Corporation (CSE: KASH) (OTCQB: KASHF) (FSE: KASH) is a fintech company in the business of impact finance whose product, Karma, has a mission to make every transaction have a positive impact on the world through cashback solutions and automated customizable donations to charitable organizations based on the United Nations Sustainable Development Goals. Karma offers cashback donation debit cards, and Karmify which allows customers to connect any debit or credit card to Karma, earn extra cashback and donate to charitable organizations.

For more information on Intellabridge visit www.intellabridge.com.

For more information on Karma visit www.getkarmacard.com.

ON BEHALF OF THE BOARD of DIRECTORS INTELLABRIDGE TECHNOLOGY CORPORATION

"Maria Eagleton"

Maria Eagleton, COO

To contact Intellabridge:

Website: intellabridge.com

Email: maria@intellabridge.com

About Qenta

Qenta is a fintech company established to digitize all the world's assets and transactions. It elevates the world's citizens and businesses through its frictionless, accessible, secure, and compliant financial ecosystem. Today Qenta operates through three integrated segments: Qenta Digital Assets, offering provenance, custody, and ownership tracking of precious metals; Qenta Payments, with newly launched alternative banking and payment applications; and Qenta Capital & Risk Management, offering specialized hedging products and margin financing for soft commodities and precious metals.

Disclaimers

Karma Card is a product of Karma Card Corporation, which is a technology company, not a bank.

Karma Card is issued by Patriot Bank, N.A., Member FDIC, pursuant to a license from Mastercard International Incorporated. The card may be used everywhere Debit Mastercard is accepted.

The CSE does not accept responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release contains certain forward-looking information and forward-looking statements within the meaning of applicable securities legislation (collectively "forward-looking statements"). The use of any of the words "will", "plan", "on track", "possible", "anticipated" and similar expressions are intended to identify forward-looking statements. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results or events to differ materially from those anticipated in such forward-looking statements. Such forward-looking statements should not be unduly relied upon. Actual results achieved may vary from the information provided herein as a result of numerous known and unknown risks and uncertainties and other factors. The Company believes the expectations reflected in those forward-looking statements are reasonable, but no assurance can be given that these expectations will prove to be correct. The Company does not undertake to update these forward-looking statements, except as required by law.

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/210908

FAQ

What is the Karma Card by Intellabridge Technology ?

The Karma Card is a financial product by Intellabridge that aligns everyday spending with social and environmental causes, offering cashback that can be donated to charities.

What are the causes supported by Karma Cause Cards?

The Karma Cause Cards support five causes: ChangeMaker (UN SDGs), OceanSaver (ocean protection), EcoWarrior (climate change), LifeSupporter (health), and HopeGiver (hunger and poverty).

How does the pay-what-you-wish subscription model work for Karma Cards?

Users can set their own monthly subscription fee starting at $0, with higher contributions enhancing cashback benefits and social impact.

What sustainability initiatives are associated with Karma Cards?

Karma Cards are made from ocean-bound plastic, reducing environmental impact and supporting cleaner oceans.

When did Intellabridge Technology officially launch the Karma Card?

The Karma Card was officially launched on May 29, 2024, following a successful beta phase.