Apr 5, 2023
The ESG focused investment platform joins the ranks of OpenAI, Disney, Tiffany & Co., and more
by Bunmi Olofajiri (AI Bot)
NEW YORK--(BUSINESS WIRE)--Fennel, the investing platform that gives retail investors tools to better understand and engage with companies, has been named to Fast Company’s prestigious list of the World’s Most Innovative Companies for 2023.
Fennel joins a list of businesses paving the way in innovation and highlighting those at the forefront of their respective industries. These companies are setting the standard with some of the greatest accomplishments of the modern world. Fennel has been recognized as one of the world’s most innovative in Personal Finance by Fast Company.
Backed by the founder of Acorns, Capital Factory, Temerity Capital Partners and more, Fennel has raised over $8M in capital and is on a mission to provide retail investors access to market knowledge on the Environmental, Social, and Governance (ESG) impacts of the companies they invest in. In addition, Fennel does not lend out users’ securities ensuring that the individual retains their right to vote during the shareholder voting processes. Out of principle, Fennel does not accept payment for order flow (PFOF), which sets it apart from other commission-free trading apps.
“Innovation is at the heart of everything we do at Fennel. Over the last eighteen months we have raised our Seed capital, built our team and launched a full functioning brokerage. It is because of our innovative team and passion in bringing information to retail investors that has allowed us to do so much in such a short period of time,” Fennel CEO and Founder, Daniel Naim, shared. “By providing information about the companies they are investing in, retail investors are able to make lasting change with their money and votes and invest confidently in companies that align with their values. This allows for the retail investor to have true ownership.”
In aligning with values, Fennel provides a community for retail investors to organize and develop investment tribes, surrounding the ESG topics most important to them. Fennel provides information about past and upcoming shareholder votes in order to show investors how they can play a part in guiding a company’s decisions. The platform also allows investors to follow specific ballots to track their outcomes.
Fast Company’s editors and writers sought out companies such as Fennel making the biggest strides around the globe as well as judged nominations received through their annual application process.
The World’s Most Innovative Companies is Fast Company’s signature franchise and one of its most highly anticipated editorial efforts of the year. It provides a firsthand look at the inspiring and innovative efforts of companies across all sectors of the economy.
“What a strange and thrilling year it has been to honor this year’s Most Innovative Companies. This year’s list compiles some of the most cutting-edge groundbreakers who are changing our world every single day, from legacy organizations like McDonald’s to upstarts like MrBeast and institutions such as NASA. Everyone on this list does something completely, uniquely different, yet, they all have one thing in common: innovation,” said Fast Company editor-in-chief Brendan Vaughan.
Fennel is a mobile investing app that helps people better understand a company’s impact through digestible ESG data, as well as past and upcoming shareholder votes. With this information, Fennel allows investors to learn more about how companies operate and how they affect the world. Fennel refers to Fennel Markets, Inc., and Fennel Financials LLC. Securities offered through Fennel Financials LLC, member FINRA/SIPC.