#SustainableFinance / Russian neobank Tinkoff launches charity cashback tool

“Cashback to Give Back”, aims to encourage more Russian consumers to donate to some of the countries’ largest causes…. The charity partners include WWF Russia, the foundation created by actor Konstantin Khabensky for early diagnostics of brain disease, and cancer charity Gift of Life.

Users can make donations of up to RUB 9,000 ($122.62) each month to more than 300 of the bank’s partner charities.

[Tickoff’s chairman:] “The first step saw us give our clients the opportunity to make donations directly via our ‘super app… As a result, the number of contributions Tinkoff customers made to charity doubled over the course of one year.”

Last month, it launched a micro-investing service called ‘Investment Box’. The tool automatically invests small savings on everyday purchases into a portfolio… Last August, the bank also launched a free social network for investors called Pulse. It allows users to meet traders, follow investors and share trading ideas.