Kaccelerator announces investment in UK fintech startup Tickr.
MADRID, April 15, 2020 – Kaccelerator Innovation & Impact Fund is pleased to announce a capital investment in Tickr, a UK-based fintech startup behind the world’s first impact investing app that lets users back portfolios ETFs of globally-listed companies from just £5.
Described as “mission-driven investing for millennials” by co-founders Tom McGillycuddy and Matt Latham, Tickr was launched at the beginning of 2019 and began making noise almost immediately after securing £1 million between equity crowdfunding platform Seedr and private placements. A little later, the company was selected as one of the year’s Tech Nation Rising Stars.
Prior to starting Tickr, the pair worked at Barclays Wealth and Investment Management where they began noticing a growing demand for impact investments and increased transparency in people’s portfolios. It wasn’t after joining Wellington in 2014 that McGillycuddy became convinced that if they could somehow channel all of their knowledge and resources into companies and people who are trying to have a positive impact on the planet, they could earn money and help change the world in the process. Two years later, in 2016, he teamed up with Matt Latham and began working on the idea that would eventually become Tickr.
Tickr describes itself as an impact investment app that gives people the opportunity to invest in themes they care about and companies committed to addressing large-scale social and environmental problems.
One year and two successful funding rounds later, the company has grown to tens of thousands of users in the UK and is gearing up for a third-round that McGillycuddy says will allow them to focus on products and expand their users into the hundreds of thousands.
For Sebastian Plubins, the founder and CEO of Kaccelerator, the decision to back Latham and McGillycuddy was easy. “When I first met Matt and Tom I instantly knew that Tickr’s vision was totally aligned with where I believe the future of investing is going ”, says Plubins, who launched Kaccelerator in 2018 and now manages a diverse portfolio of companies focused on investment themes ranging from Green Tech, AI, Fintech and Mobility among many others.
“We are not only looking for new and exciting companies, we are also looking for like-minded people with great ideas, who share our values and principles and who, like us, are convinced that the sustainability revolution is history's biggest investment opportunity'' he said.
On this subject McGillycuddy adds, "This is no charity – we search for businesses that are profitable, growing and making an impact in a significant way. Often the two go hand in hand".
Before setting up Kaccelerator, Plubins was a senior executive at Ria Money Transfer, one of the world’s leading payment providers whose success is credited to a low-cost remittance model Plubins and his team advocated for and implemented throughout Europe and subsequently, the world.
“What we did at Ria is very similar to what Tickr and Kaccelerator are trying to do today which is breaking down the barriers for people to access products and services at reasonable prices”, says Plubins before adding that, “Humanity is transitioning from the industrial revolution’s economic order towards a newer, greener and more transparent economic and political model and we want to help accelerate this process through impact investing.”
With Tickr, users can choose a risk-level of their liking and invest in three areas: Climate Change, Social Impact, and Disruptive Technology. The minimum investment is as little as £5 with a 0,7% management fee.
“From as little as £5 per month anyone can invest in the ETFs that we have built; portfolios that are designed with the future in mind, investing in companies ranging from those promoting a more sustainable future to robotics and automation, equality and changing demographics. We believe everyone should be able to manage their finances this way, and it’s our mission to make this happen”, says McGillycuddy who is hoping that this next fundraising round will help him and his team continue their growth and establish Tickr as the only consumer offering that is focused purely on impact investing which, by the way, is the fastest-growing segment of the investment industry.
Tickr is an impact investment app built for the next generation of investors. We are on a mission to prove that you can earn money and have a positive impact at the same time.
For more information please contact email@example.com
Kaccelerator is a next-generation impact investment fund focused on disruptive innovations that are changing the world for the better and that have long-term growth potential. We believe in the transformative power of allocating capital into mission-driven businesses that can deliver positive change and alpha.