Industrial Thought invests £100k in Integrum ESG to provide transparent sustainability data for wealth managers.
"We’re delighted to partner with Industrial Thought and its group company Financial Software Ltd. to serve the private wealth management industry better. Wealth managers are now facing regulatory pressures to consider their clients’ sustainability preferences, as well as demand from clients to receive a sustainability assessment within their regular investment reports. The ESG ratings used by many wealth managers are completely opaque, creating a risk of greenwashing claims. We look forward to working with the team to broaden access to our one-stop, easy-to-understand, affordable ESG solution."
The funding was provided by angel investors including Lord Stanley Fink.
"We are excited to bring wholesale travel and premium unique lifestyle benefits to our users, while with every booking we give back to a charity of their choice."
March Capital led the Series B round with backing from National Grid Partners and Slaughter and May to fund expansion in the United States.
"This latest round of funding will help us to bring our technology to new markets, strengthen our foothold in the United States where Luminance now generates over one third of its revenue, and solidify our position as the clear market leader in this space."
