By Emily Nicolle on Monday 19 February 2018
ShareIn and Triodos are looking ahead, as the investech saw revenues triple last year.
Edinburgh-based tech solution for online investment ShareIn has announced a partnership with Triodos for its new platform Triodos Crowdfunding, the first crowdfunding platform to be launched by a UK bank.
The platform will offer eligible investors the opportunity to invest in both equity and bonds issued by established charities and businesses in the ethical finance sector, funding projects which deliver positive social and environmental impacts. The minimum investment starts at £500, and launches with three bond offers with interest rates ranging from 5 to 7 per cent. Investments can also be attached to any of Triodos three ISA wrappers, including Cash, Stocks and Shares, and an Innovative Finance ISA.
ShareIn will be supporting the effort alongside its other partnerships based within impact crowdfunding, including Lendahand Ethex who have raised over £2m for solar projects in Africa, and Mongoose Crowd who fund community renewable energy projects.
Andrew Pickett, Co-founder of ShareIn said: “Working with Triodos, who are very well respected in the ethical finance sector and have raised more than £130 million to fund over 50 impact projects in the past 15 years, is a fantastic win for ShareIn.”
Founded in 2011, ShareIn are founding members of the UK Crowdfunding association. The platform has also announced 2017 as a significant period of growth, after seeing its year-end revenue triple to land in the region of £700k. ShareIn hopes to use its profitability to further expand its staffing team.
ShareIn CEO Jude Cook added: “Andrew and I are really proud of the brilliant team that we’ve been able to build. It’s quite unusual in a tech business to have more women in the company than men. We always hire the best person for the job but we’re lucky that great women keep applying, [as] 12 of the 17 team members are women.”
Last week saw UK MP Nicky Morgan call out several firms in fintech for having not signed up to the Women in Finance charter, which caused a stir among some senior executives in the sector.