Tumelo’s mission is to give transparency and influence to people who want their money to have a positive impact. Tuemlo believes that impact investing has the power to contribute to the well-being of people and the planet. They are looking for introductions to any pension provider firms or retail investors.
Our interview with Georgia, Co-founder of Tumelo
Describe your mission in a sentence or two:
Tumelo’s mission is to give transparency and influence to people who want to have impact with their money.
How much funding have you raised to date:
We’ve raised £1,200,000 investment from angels to date.
What does impact mean to you as a profit driven company:
For us impact is about creating change. Our aim is to facilitate our users to use their own money for impact, while it grows. Our users are shareholders, meaning they own small parts of big companies which could be BP or British American Tobacco, through their pension, or companies likes Tesla and Vestas Wind through Tumelo’s portfolios. Together, we can use those shares to force positive change in these companies, such as improving women’s rights and working conditions; evolving products or increasing climate disclosures!
What does 2030 look like in your mind?
In 2030, people will be aware of what companies they own through their savings and pensions – because great tech made it accessible and satisfying to be part of that journey. They’ll be actively involved in shaping those companies into successful organisations of the future: reaping the rewards as shareholders when those companies do well, but also as citizens because society and ecosystems will be healthy. Purpose and profit will be inextricable: only companies working for the good of people and planet will be relevant in a 2030 world.
What other UK impactful start-up do you love and why?
I’m a big fan of any start up working with insects as a future protein source. Farm animals are a significant producer of CO2, so we need to reduce or shift our protein consumption. However, I also love the sea; and it’s currently being destroyed by our insatiable hunger for fish. Insects are such a versatile food source that they can improve the efficiency and margins of in-land fish farming; decrease wild catch; and hopefully change human behaviour. But these start-ups all share Tumelo’s challenge when it comes to selling: it’s not just about building an incredible product; you also need to create the awareness, education and behavioural changes that go with it. A tall order for small teams on little cash!
How can the SeedTribe community be involved in helping you scale your impact?
We would love to be introtuced to any pension provider firms or retail investors.
Want to work for Tumelo? Check out their job opportunties here.
To contact Georgia, send us an email and we will put you in touch.