Impact investment app Tickr hits 200% of its crowdfunding target

The latest example of fintech's crowdfunding appeal.

Last month tickr, the robo-investor app which prioritises impact investing, launched on Seedrs with a £500,000 target to grow its user base and build new features.

Today as the round draws to a close the company has doubled its target, raising over £1m in the latest example of fintech’s crowdfunding appeal.

Unlike a Nutmeg or WealthSimple, Tickr focuses on impact investing, those which generate social and environmental solutions alongside a financial return.

Its investment portfolio includes a dozen ETFs which prioritise themes such as climate change and equality.

Tom McGillycuddy, co-founder of tickr, said in April that millennials are twice as likely to invest in a portfolio that reflects their “values and beliefs”, but that many believe this is at odds with the still widely held view that investing in companies doing good and promoting change is difficult or even impossible.

“Tickr was built to smash this perception by providing a simple and forward-thinking way to invest in truly transformative companies combating social and environmental injustices, while potentially earning strong returns on their cash.”

“We’ve been amazed with the uptake so far and we’re confident this crowdfunding campaign will take us one step further in realising our ambitions.”

The crowdfunding comes after Freetrade took Crowdcube’s website down last month and is preparing for a new crowdfunding round to kick off on Tuesday, and after Nutmeg just last week soared to £2.5m of its £1m Crowdcube round.