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5 Ethical Financing Apps You Should Check Out This 2022

Soleil Alarie
5 Ethical Financing Apps You Should Check Out This 2022

Ethics are becoming increasingly important in our daily lives, and socially responsible investing (SRI) is growing in popularity nowadays. As the world becomes more digitally connected, it becomes easier to see our money’s impact, positive or negative.

Ready to invest with your values? Here are five ethical finance apps to check out this 2022.

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1. Wealthsimple

Wealthsimple is a prominent UK financial app praised for its socially responsible investment portfolio. It is a Canadian robo-adviser that specializes in low-cost ETFs and automatic rebalancing. The program will automatically buy/sell assets to preserve your portfolio allocations as market conditions change. Wealthsimple’s SRI portfolio is based on basic principles and selection criteria.

2. tickr

tickr is all about socially responsible investing. Their investment options include companies involved in green development in developing countries and renewable energy sources. tickr offers four investment “themes” based on socially responsible business goals, climate change, disruptive technology, equality, and mix portfolios are currently available themes. Each fund holds stock in global companies managed by tickr’s expert investors and managers.

3. Algbra

Algbra is a rising financing app that will enable you to feel good finance that empower your community. Social impact isn’t an afterthought — it’s the core of our mission. If your values align with transparent, accessible, interest-free products and environmental, community-focused financing, you should consider investing in algbra.

4. Nutmeg

Nutmeg is an online robo adviser that offers a socially responsible investment portfolio. Its ESG-compliant portfolios are designed to avoid controversial activities. Nutmeg looks at each company’s carbon footprint, employee conditions, and the number of independent directors on the board, among other issues.

5. Wealthify

Wealthify offers a variety of ethical investment portfolios with rebalancing with the classic robo adviser rebalancing functionality. Wealthify allows you to invest in funds that are PRI signatories and actively manage to maximize positive impact. Many other ethical investment platforms like Wealthify exclude industries like tobacco, deforestation, and companies with a history of unfair labor practices.

Soleil Alarie
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