Neobank Science Card Powers Up for Scientific Progress

“Create the future you want, one transaction at a time. Enable life-changing science with our financial super app.”

It is rocket science. London-based challenger bank Science Card has fired up with ambitions to provide banking services and fuel scientific progress.

Science Card sees itself as a bank for science, education and technology – and is currently offering early access to customers.

It is the creation of Daniel Baeriswyl, PhD, whose background is an erudite mix of biomedical engineering at UCL, investment banking at UBS and founding a trade engine. The latter, called Magic Carpet AI, was acquired in November 2021 by Blockchain.com.

Baeriswyl will now try to bring his discipline and technique to this new fintech venture.

Science Card explains: “Create the future you want, one transaction at a time. Enable life-changing science with our financial super app.”

In practice, this means customers can trade stocks and ETFs, and access the world of digital assets.

But as the bank’s name indicates, the angle is all about helping science research. Users can choose a field to support, define their contribution and track how that research progresses.

For example, customers could select such options as quantum computers, cancer, energy, pollution or climate change.

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With the UK having a lot of neobanks, Science Card’s approach might help it stand out. It makes a profit, and users feel good about themselves.

The startup has been making progress. It has got £100,000 in funding, according to Crunchbase.

The leadership team has been assembled – with a Head of Investment, Head of Partnerships & Growth, Head of Engineering and a General Counsel. Their experience includes the University of Oxford, UCL and Durham Business School. Science Card is all about academia and business working together.

Science Card also has some notable advisors on its Board. Ricky Knox is the former CEO and Founder of Tandem Bank, while Miles Parry is the Founder of Genesis Custody.

For the B2C crowd, individual accounts are free and premium ones aren’t. Business accounts are coming next year.

Science Card is no laggard and is working hard to get action with researchers and universities.

According to its site, researchers can apply for funding using a grant application. They can then access metrics, market insights & evaluation criteria, strategies and targeted networking.

It also wants to work with universities by offering help for technology transfer offices and IP-related business decisions.

Antony Peyton
Antony Peyton
Antony Peyton is the Editor of eWeek UK. He has 18 years' journalism and writing experience. His career has taken him to China, Japan and the UK - covering tech, fintech and business. Follow on Twitter @TonyFintech.
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