UK fintech start-up Tumelo raises $19m Series A

UK fintech Tumelo has raised $19 million in a Series A funding round as it looks to expand its footprint across the country and globally.

The round was led by US fintech venture fund Treasury and saw participation from new investors Legal & General, Fidelity International Strategic Ventures, Nucleus Adventure Capital, former HIS Markit CEO Lance Uggla and ETF.com founder Jim Wiandt, among others.

Returning investors include Jeremy Coller, CIO of Coller Capital and founder of the FAIRR Initiative, a collaborative investor network.

Tumelo helps investment platforms, robo-advisors and pension providers engage investors with shareholder voting.

The fintech’s white-label software and APIs reveal to retail investors which companies their money is going to and provides the opportunity for feedback on environmental, social and governance (ESG) issues such as CEO pay, gender equality, climate change and board diversity.

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Source: UK fintech start-up Tumelo raises $19m Series A