An ex-Barclays Wealth pair have launched a new investment app targeting socially responsible investors, raising £860,000 in a seed round.
The new social investment app, Tickr enables people to back globally listed businesses that are committed to making positive social change.
Tickr was co-founded by Tom McGillycuddy and Matt Latham. They both previously worked at Barclays Wealth and Investment Management. Prior to setting up Tickr, McGillycuddy also worked at Wellington Management.
Tickr is currently available by invitation only for iOS users. Companies are grouped into themes, making the app easy to use for first time investors.
It facilitates a growing demand amongst a new generation of investors for greater transparency, alongside a rising interest in businesses having a positive impact on the environment and society.
“Our success raising £860k 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,” McGillycuddy said.
“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,” he added.
The minimum investment required is £5.
