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Tumelo aims to make changes to the investor voting system that will enable shareholders to have a voice on the issues they care about – a critical factor in achieving true shareholder democracy.
Tumelo's APIs and white-label software shows investors which companies their money is being invested in, and gives them a voice on the issues that matter most to them - from CEO pay to board diversity and climate change. Vote preferences collected from investors are sent to fund managers, who control the power to create change through voting at company AGMs.
For investment platforms and pension providers, Tumelo says its technology strengthens investor loyalty, drives increased AUM and retention, and can win large workplace pension accounts where financial wellbeing is paramount.
By harnessing the prominence of well-known brands and real-life ESG issues, Tumelo’s platform is reforming how customers engage with their investments. Investing is a very powerful, yet underappreciated, way for most individuals to have a positive impact on their future. By re-connecting individuals with their savings and working closely with the experts who steward these funds, Tumelo is aiming to improve individual financial outcomes and build a more value-backed investment industry.
The company has already established relationships with 17 leading investment platforms and 75 fund managers in the UK. Recent funding will be used to build more partnerships and to expand into the US and Australia.
Kirsty
Company Specialist at Welcome to the Jungle
May 2022
$19m
SERIES A
Sep 2019
$1.3m
SEED
Georgia Stewart
(CEO)Bachelors in Natural Sciences (Climate Change and Ecology) from the University of Cambridge and has worked at multiple green finance asset management houses and NGOs. She is a Member of IGC at Aviva.
Will Goodwin
(Head of Product)Bachelors in Physics from the University of Cambridge and experience working on the Ecology fund at Jupiter Asset Management.
Benjamin King
(CTO)Bachelors in Natural Sciences (Physical) from the University of Cambridge and experience in software engineering at DuPont and SES Satellites.