New social impact investment app raises £860k seed funding
A NEW social impact investing platform that lets users back portfolios of globally-listed companies from just £5 has received £860,000 of seed funding ahead of launch.
Tickr, which is set to go live with a beta app this week, focuses on firms involved in areas such as climate change, social impact and disruptive technology.
The minimum investment is £5 and funds can be held in an ISA. There is also a 0.7 per cent management fee.
The company – which has also separately secured funding from SLJ Investment Partners B.V – is regulated as an appointed representative of Met Facilities LLP, which allows it to provide Financial Services Compensation Scheme protection should the platform collapse.
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“Our success raising £860,000 investment at the seed stage is indicative of the wider changes sweeping the investment management industry, and we’re responding to a real appetite for socially conscious investing from the next generation of investors,” Tom McGillyCuddy, co-founder of Tickr, said.
“Our success raising £860,000 investment at the seed stage is indicative of the wider changes sweeping the investment management industry, and we’re responding to a real appetite for socially conscious investing from the next generation of investors.
“We’re confident in the power of our platform to generate tangible, positive social change across the globe, and it’s a real indicator of the strength of our proposition to have received the trust of key figures from the industry as we approach our launch.”
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