tickr,听an app that empowers customers to positively impact the world through their finances, has raised 拢2.5m from Ada听Ventures, the London-based听venture capital fund investing in overlooked founders and markets.听
A certified BCorp business which has previously received more than 拢2.5m in funding,听tickr听was built by Tom听McGillycuddy听and his co-founder, Matt Latham, after stints at Barclays and Wellington Management.听听
Together they set out to demystify investing, showing听a new generation that they’re able to grow their money and have a positive impact at the same time.听
tickr听allows people to put their money into specific companies across the themes of: People,听Planet, or a mix of the two. The team only offers investments听in companies that generate social and environmental solutions; those at the cutting edge of global change.听听
Now, the platform is expanding to include services that give customers the opportunity to have a positive impact beyond just investing, with the recent听launch of a carbon offset subscription service.听
鈥淲e believe that within the next 5-10 years 鈥榠mpact investing鈥櫶齱ill just be called 鈥榠nvesting鈥�. It鈥檚 the only way our generation wants to invest, and because of that they鈥檙e driving industry-wide structural change,鈥� said听McGillycuddy.听听
鈥淲e think this change has only just started, and within the next few years it will completely transform financial听services and how people think about their money.听
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鈥淔or us, investing is just听the beginning. What we truly care about is building a product offering that generates positive impact for our customers and the wider world.听听
鈥淲e think the structural change in attitudes will extend to all areas of financial services, and investing will be seen听as one of the key ways our generation can collectively improve the world.听
鈥淲e鈥檙e incredibly grateful听to Ada for believing in our purpose and vision for听tickr, and their backing will allow us to strengthen our team, accelerate our product roadmap and double down on customer growth this year and beyond.听
鈥淚鈥檓听so proud of everything we鈥檝e achieved at听tickr, despite all the obstacles 2020 threw our way. It really is a testament to the team we鈥檙e building here that听are bound together by our mission and what we stand for as a business.鈥�听
Inspired by Ada Lovelace,听the nineteenth-century computer science pioneer, Ada Ventures is a $50m seed fund focused on investing in overlooked founders, who are building companies that focus on underserved customer groups.听听
Matt听Penneycard,听founding partner of Ada Ventures, said: 鈥�tickr听is capturing something powerful and ethereal听– a modern investing mindset that wants more say in the听second and third degree听effects of what happens with our money.听听
鈥�迟颈肠办谤鈥檚听customers (which听include both Check and me!) understand the truth that doing the right thing with your money should also be rewarded with the best financial returns. Financial institutions on Wall St and in the City have started to realise this.听tickr听is democratising access听to the same thinking for any individual investor.听听
鈥淲hen we first spoke to Tom听and Matt in early 2020, this was an interesting idea. A year later,听tickr听customers have proven their point, which is reflected in the extraordinary growth of the company.鈥�听
Earlier听this year,听tickr听became twice carbon neutral through offsetting double the amount of its听carbon output, before launching a carbon offsetting subscription for its customers, giving听people the power to wipe their emissions off the planet and take matters into their own hands.听
The听company also works with听OneTreePlanted.org, and together they plant a tree for every referral听tickr听receives from a user.听听
Despite the challenges of 2020,听迟颈肠办谤鈥檚听monthly revenue increased听10 times during the pandemic, demonstrating the growing trend of impact investing.听
McGillycuddy听added:听鈥淲e want to be the most convenient way for anyone to have a positive impact on the world.听The听tickr听app as you see it today 鈥� aligning your investments with companies addressing big problems 鈥� is just the beginning.听听
鈥淔inances should be stacked in favour of the user, whilst benefiting the planet, and that鈥檚 what we are setting out to prove.鈥�听