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Plastic Bank logo — Gathering to end poverty.

Plastic Bank

Gathering to end poverty.

Founded 2013 Canada Canada 172 employees Private Equity Manufacturing, Sustainability +1

General Information

Company Name Plastic Bank
Founded Year 2013
Location Canada Canada
Employees 172
Industries Manufacturing, Sustainability, Waste Solution
Funding Stage Private Equity
Social

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About Plastic Bank

Plastic Bank, with the slogan "Gathering to end poverty," is a social fintech startup that operates a global bottle deposit program aimed at reducing poverty and combating plastic pollution. The company's model involves members of the community exchanging plastic for money and social benefits through a blockchain-secured platform, ensuring traceable collection, secured income, and verified reporting. Additionally, Plastic Bank offers an impact subscription that allows individuals and businesses to support communities and reduce their environmental footprint. Moreover, subscribers gain access to tools to share impact, invite customers to participate, and facilitate growth. The collected bottles are then returned as recycled feedstock to the circular economy. Founded in 2013, Plastic Bank is headquartered in Canada and operates in several countries, including the Philippines, Indonesia, Brazil, Egypt, Thailand, and Cameroon. The company's trademarks include PlasticBank® and Social Plastic®. Notably, Plastic Bank secured a Private Equity Round investment at 08 June 2023 from Ethos Asset Management, indicating continued investor interest in the company's innovative approach to addressing social and environmental challenges. To learn more about Plastic Bank, visit plasticbank.com.

Business keywords: plastic recycling, ocean plastic, poverty alleviation, blockchain technology, waste management, environmental conservation, income generation, community empowerment, traceability, reusable products, packaging solutions, innovation, sustainable development

Funding Rounds & Investors (1)

View All
Funding Stage Amount Investors Lead Investors Date
Private Equity Round Undisclosed 1
Ethos Asset Management
08 Jun 2023

Plastic Bank Alternatives & Competitors

View All Alternatives
Plastic Bank vs
#tide®
#tide® Switzerland

A Swiss impact company giving waste a value and turning 100% ocean-bound plastic into safe, useful p...

Venture round
12 employees
Manufacturing, Sustainability
Compare Plastic Bank vs #tide®
Plastic Bank vs
Seven Clean Seas
Seven Clean Seas Singapore

An ocean without plastic. Picture it!

76 employees
Energy, Sustainability
Compare Plastic Bank vs Seven Clean Seas
Plastic Bank vs
Greenback Recycling Technologies
Greenback Recycling Technologies United Kingdom

Advanced plastic recycling

38 employees
Industrial, Sustainability
View all alternatives

FAQ About Plastic Bank

Gathering to end poverty.
Plastic Bank was founded in 2013.
Plastic Bank is headquartered in Canada.
Plastic Bank operates in Manufacturing, Sustainability and Waste Solution. Its work centres on plastic recycling, ocean plastic, poverty alleviation and blockchain technology.
Plastic Bank has approximately 172 employees.
Plastic Bank has completed 1 funding round. The latest funding stage is Private Equity.
Top alternatives and competitors to Plastic Bank include #tide®, Seven Clean Seas, Greenback Recycling Technologies, New Earth Solutions, GPT Circular. These companies operate in related industries and serve comparable markets. You can compare them side by side on Bounce Watch.
Plastic Bank and #tide® are both companies in similar industries. Compare their funding, team size, growth signals, and market position on Bounce Watch to see which one fits your needs.

Source: BounceWatch company record for Plastic Bank, https://bouncewatch.com/company/plastic-bank, updated 30 December 2024. When citing, please name BounceWatch and link this page.

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