tickr, an app that lets individuals invest in companies making a positive impact, has secured £2.5 million from Ada Ventures, the London-based venture capital fund investing in overlooked founders and markets.
Founded by Matt Latham, and Tom McGillycuddy in 2018, tickr allows people to put their money into specific companies across the themes — People, Planet, or a mix of the two.
Making investing possible for everyone
Tom purposely built the platform at the age of 29 – after stints at Oxford University, Barclay’s, and Wellington Management – to make investing as easy as possible for everyone.
The team only offers investments in companies that generate social and environmental solutions.
Launched carbon offset subscription service.
Right now, the platform is expanding service beyond just investing, with the recent launch of a carbon offset subscription service. Notably, the London-based company became twice carbon neutral through offsetting double the amount of its carbon output, earlier this year.
As per the company’s claims, tickr’s monthly revenue increased 10 times during the pandemic, demonstrating the growing trend of impact investing.
Matt Penneycard, the founding partner of Ada Ventures, said: “tickr is capturing something powerful and ethereal – a modern investing mindset that wants more say in the second and third-degree effects of what happens with our money.
“tickr’s customers (which 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. tickr is democratising access to the same thinking for any individual investor.
“When we first spoke to Tom and Matt in early 2020, this was an interesting idea. A year later, tickr customers have proven their point, which is reflected in the extraordinary growth of the company.”
Planting tree for every referral
On the other hand, the company partnered with OneTreePlanted.org to plant a tree for every referral tickr receives from a user.
McGillycuddy added: “We want to be the most convenient way for anyone to have a positive impact on the world. The tickr app as you see it today – aligning your investments with companies addressing big problems – is just the beginning. Finances should be stacked in favour of the user, whilst benefiting the planet, and that’s what we are setting out to prove.”
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