Payments

Karma Wallet appoints former Visa exec as advisor

June 21, 2024

Karma Wallet, a fintech company, appointed Douglas Sabo as a strategic advisor. He previously served as chief sustainability officer for Visa, according to a press release.

Karma Wallet provides a prepaid reloaded debit card which offers cashback rewards and charitable donations. It also supports more than 140 sustainable and ethical brands through the Karma Collective Community. The community also offers environmental ratings for more than 18,000 companies.

"We are thrilled to welcome Doug to our team," Kedar Karkare, co-founder of Karma Wallet, said in the release. "His leadership in the sustainable living movement combined with his experience at Visa align perfectly with our vision of a future where financial empowerment and sustainable living are one and the same. With his guidance, we will help individuals use their everyday purchasing to drive positive social and environmental change through informed and conscious spending decisions.