Ethical financial services app set for expansion with £2.5m investment

A London fintech company has announced that it has received £2.5m of investment to accelerate its growth.

Tickr, a double carbon neutral financial services app, has raised £2.5m from London venture capital fund Ada Ventures.

The funding will be used to accelerate the app’s growth as it aims to “empower customers to positively impact the world through their finances”.

The team only offers investments in companies that generate social and environmental solutions, and the platform is expanding to include more services, with the recent launch of a carbon offset subscription service.

Tom McGillycuddy, co-founder of tickr, commented: “We believe that within the next 5 - 10 years ‘impact investing’ will just be called ‘investing’.

“It’s the only way our generation wants to invest, and because of that they’re driving industry-wide structural change.

“We think this change has only just started, and within the next few years it will completely transform financial services and how people think about their money.

“For us, investing is just the beginning. What we truly care about is building a product offering that generates positive impact for our customers and the wider world.

“We think the structural change in attitudes will extend to all areas of financial services, and investing will be seen as one of the key ways our generation can collectively improve the world.

“We’re incredibly grateful to Ada for believing in our purpose and vision for 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.

“I’m so proud of everything we’ve achieved at tickr, despite all the obstacles 2020 threw our way. It really is a testament to the team we’re building here that are bound together by our mission and what we stand for as a business.”