This Australian startup which gives robo advice on ethical investments is one to watch

Picture: Getty Images

Tom Culver, CEO and co-founder of Goodments, an app which gives robo advice on whether potential investments will do good for the world, has been named as winner of the inaugural EY WAMTech PitchFest.

Goodments is a business with a mission to create a more sustainable future. His fintech solution simplifies the process for financial advice within the wealth and asset management (WAM) industry.

“Right now, it all feels like we’re going backwards on the sustainability and environmental front,” says Culver.

“Bad leadership, regressive policies and all sorts of other madness. It’s easy to feel powerless.

“Focusing on millennials and those with a more ethical mindset, we are making it easy to invest to make money and do good.”

Here’s a video clip he used as part of the pitch:

The Goodments app matches investors to shares rated for their environmental, social and ethical values. They can then buy the shares and manage their portfolio.

“We believe it’s corporations, not governments, that can truly drive global change,” says Culver.

“Corporations are powerful and borderless — 51% of the world’s largest economies are corporations and the average multinational operates in over 40 countries.”

Goodments, backed by H2 Ventures, has a campaign on Pozible to raise $20,000 to developp the app further.

As the WAMTech PitchFest winner, Culver will attend the 2017 EY Strategic Growth Forum in Palm Springs, California, in November. He will also receive six months of mentoring from an EY leader to help grow and develop his business.

Other fintech entrepreneurs short-listed at the EY WAMTech PitchFest:

    Chris Ridd, myprosperity
    Paul Feeney, Map My Plan
    Colin Weir, Moroku
    Eric Frost and Neil Smith, Simple KYC

All finalists will be considered for inclusion in the next EY Accelerating Entrepreneurs program.