Net Purpose, a global impact data provider for responsible, sustainable and impact investors, has been chosen to take part in the Investment Association’s FinTech hub, IA Engine. The six-month accelerator programme aims to connect innovative FinTech companies with forward-looking investment managers and to spur industry transformation. The programme was established by the Investment Association whose 250 members manage £8.5 trillion of assets.
Founded in 2019, Net Purpose has built a data infrastructure that quantifies the social and environmental outcomes of companies and investment portfolios, enabling investors to effortlessly report on their impact and their contribution to the Sustainable Development Goals. Net Purpose’s clients include global asset managers and wealth managers collectively managing more than $1 trillion in assets.
Net Purpose Founder and CEO Samantha Duncan said: “We are thrilled to be part of the latest IA Engine cohort and to be recognised for our best-in-class technology solution helping investors measure the social and environmental outcomes of their portfolios. Access to the Investment Association’s expertise and networks will enable us to make our data more accessible to investors and accelerate the transition to a more sustainable world.”
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Mark Whitcroft, Founding Partner at Illuminate Financial, an investor in Net Purpose, said: “Net Purpose’s selection by the IA Engine panel reinforces our belief in the firm’s potential to become the global leader in impact data. It is a testament to the deep expertise of the founders, the commitment of the team and the relevance of their solution for asset managers worldwide.”
Gillian Painter, Head of Membership and the Engine at the Investment Association, said: “The IA’s Engine identifies FinTechs who are at the forefront of innovation. Working together, we are facilitating the adoption of emerging technology across investment management. Congratulations to Net Purpose on being selected by the Engine Advisory Panel to join Engine’s accelerator and innovation hub!”
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