FinTech profile: tickr is the ethical investment platform
This week over at FinTech we take a closer look at investment company, tickr.
The impact investing app
tickr is an app designed to better enable the investment of global companies. It also serves to combat environmental problems. Designed with the goal of "making investing easy for everyone", the app has a minimum investment price of £5, yet has a positive social impact by only allowing investments in companies with positive social impacts around climate change, disruptive technology, equality.
For example, tickr lists companies around the world that help make water cleaner and safer globally. It lists the locations around the world where these companies operate from. For clean water, the USA comprises 47% of the companies listed, including companies such as American Water, Xylen, Gerberit AG, Idex Corp and Danaher Corp.
In research carried out by the investment firm, the results back the growing desire for corporations with social responsibilities, particularly amongst millennial customers.
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Tickr was co-founded in by Matt Latham and Tom McGillycuddy in 2019.
[Image: Matt Latham and Tom McGillycuddy]
In an interview with MoneyWeek, McGillycuddy shared that his greatest achievement is the team he has built. “Our young and motivated team is bound together by what we stand for as a business. We started in January 2019 from scratch. We’ve now raised £2.5m in external funding and have grown from being just three of us to becoming a team of 14, with offices in London and Liverpool.” He goes on: “When my co-founder Matt Latham and I started working on the idea in 2016, we had to do it on the sides of jobs in investment management, which involved 60- to 70-hour weeks. I used to work on the idea in the morning before work, Matt would pick up in the evening and we would get together at the weekend.”
Did you know? In a seed-funding round led in April 2019, tickr made over 200% of its initial goal of £500,000.
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