Ex-Barclays Wealth duo have launched a new investment app targeting socially responsible investors. 

Tickr, which is currently available by invitation only for iOS users, aims to identify and vet publicly listed businesses in order to offer investment in companies committed to addressing large-scale social and environmental problems. 

The new app claims to have been developed as a result of emerging demand among a new generation of potential investors who are interested in capital with a conscience.

Tickr was co-founded by Tom McGillycuddy and Matt Latham. They both previously worked at Barclays Wealth and Investment Management. Prior to setting up Tickr, McGillycuddy also worked at Wellington Management.   

He said the company saw a growing demand for ‘impact investments’ and increased transparency in people’s portfolios.  

The minimum investment required is £5. 

Users can choose a risk-level of their liking and select to invest in three areas:

1.     Climate change: directing money to companies addressing issues such as clean water and renewable energy.

2.     Social impact: investing in businesses tackling areas such as gender equality and inclusion.

3.     Disruptive technology: investing in businesses developing tech-based solutions to big social problems to make viable benefits for wide sects of the population.

McGillycuddy added: 'We wanted to give people the opportunity to invest in companies that are addressing social problems in some way and to control their investment footprint.  

'This is no charity – we search for businesses that are profitable, growing and making impact in a significant way. Often the two go hand in hand.' 

Last month, the company raised £860,000 in a seed-funding round.