Goodments outshines at WAMTech PitchFest

Tom Culver, chief executive and co-founder of Goodments, was named the winner of the inaugural EY WAMTech PitchFest.

Goodments, which uses environmental, social and governance data to help retail investors screen for stocks based on sustainability factors, impressed judges who noted the ingenuity and originality of the company's solution.

"I would like to congratulate Tom Culver and all of our finalists for their innovative ideas, entrepreneurial spirit and inspiring pitches," EY Oceania wealth and asset management leader, Antoinette Elias said.

"We received some truly outstanding submissions which, while making the judges' decision challenging, just goes to show the incredibly high calibre of fintech ability in Australia."

The winning pitch addressed the challenge of how the wealth asset management industry could simplify the process for financial advice. In his pitch, Culver explained Goodments is a purpose driven business with a mission to create a more sustainable future.

Culver's prize includes tickets to the 2017 EY Strategic Growth Forum in Palm Springs, California in November and six months of mentoring from an EY leader to help grow and develop his business.

The event was supported by the Financial Services Council, with FSC chief executive Sally Loane congratulating Culver and everyone that took part.

"We have heard from so many talented people with innovative approaches to the wealth and asset management industry's most pressing problems. I look forward to following the development of the pitches we've seen into real world solutions of the future," Loane said.

Other finalists for the award were:

  • Chris Ridd, myprosperity
  • Paul Feeney, Map My Plan
  • Colin Weir, Moroku
  • Eric Frost and Neil Smith, Simple KYC
The winner was announced via a drone which delivered the winning envelope.

Read more: EYGoodmentsTom CulverWAMTechPitchFestSally LoaneFinancial Services CouncilMap My PlanMorokuFSC
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