No. We are a Social Enterprise. As a social enterprise, we reinvest a majority of our profits to achieve sustainability, grow our reach, and ensure the fulfillment of our mission. You can learn more on our Blog.

To accomplish our mission, we’re revealing the true economic value of plastic to make plastic too valuable to haphazardly throw away. In doing so, we’ve created a system for plastic exchange, similar to any other currency exchange. In addition, our IBM-powered mobile app platform uses world-class banking and transaction technology to empower our Collectors to open a functioning digital bank account—sometimes, the first they’ve ever had. For those reasons, we call ourselves Plastic Bank. (But don’t ask us for a loan.)

The countries we choose to expand to are ones that have extremely high rates of plastic pollution and poverty. These are countries where the lack of disposal infrastructure and greater dependency on single-use packaging results in a disproportionate amount of pollution.

We currently have operations in Haiti, Brazil, Indonesia, the Philippines, and, most recently, Egypt.