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Tickr founder Tom McGillycuddy says targeting ethical and sustainable investments generated growth.
by Rebecca Burn-Callander
The coronavirus pandemic has forced us all to think more carefully about our health and wealth. We’ve learned the hard way that you need to plan for your financial future, and that it’s impossible to predict what’s around the corner. This has prompted thousands of British consumers to flock to Tickr, the impact investment app.
Tickr differs from other investment apps in that it only funnels users’ capital into stocks that have a positive impact, from tackling climate change and reducing global inequality to inventing new technologies that disrupt wasteful industries.
Tickr: We don’t want to be a socks and sandals, preachy investment platform
Impact investment platform Tickr has grown its customer base through the pandemic as millennials save more cash through the pandemic.
Everyone has something to say about ESG or “impact” investing these days. It has become the go-to buzzword for corporate firms and investment platforms.
But unlike platforms that have added socially responsible features, London-based Tickr launched with a sole purpose of “impact investing”.
Founded in 2018, Tickr aims to demystify sustainable investing and only offers investments in funds that make a positive impact on the planet.
Co-founder Tom McGillycuddy speaks to
Tickr, which allows retail investors to back impact companies, secures $3.4M from Ada Ventures
Tickr, an app that allows U.K. consumers to make financial investments based on their impact on society and the environment, has secured £2.5 million ($3.4 million) in funding lead by Ada Ventures, a VC which focuses on “impact” startups. The cash will be used for product development, expanding the user base, and eventually taking Tickr into other European countries from its current U.K. base.
As well as investing, the platform allows customers to spend their cash via partnerships with impact-oriented compares, and offset their carbon footprint through a subscription. The core business model is £1 p/m per customer, plus 0.30% on assets above £3,000. Additional products, like carbon offsets, for example, are charged as a separate additional subscription depending on the tier selected.