Swell Launches Social Impact Investing Platform

Newport Beach-based Swell, a new fintech startup, said on Tuesday that it has launched a new online platform which lets consumers invest in specific portfolios focused on social impact. Swell said it lets users invest as little as $500 into such themed investments in the areas of green technology, renewable energy, zero waste, clean water, healthy living, and disease eradication. The startup, led by CEO Dave Fanger, said it is looking to deliver both profit and help support companies addressing today's global challenges. Swell said it was incubated by Pacific Life, with creative help from IDEO, and software development from Carbon Five.