There’s still work to be done when it comes to gender equality in fintech
- Women in fintech still have to work harder to get the same opportunities men get.
- Organizations like Women of Fintech and NYC Fintech Women are working to change this.
Hear some of the top women in financial services and fintech present at Tearsheet’s Acquire Conference, which brings together top banks, fintechs, and payment companies to discuss the attributes of successful branding, marketing, product, and customer service in today’s market.
While fintech may be the emblem of progress when it comes to the way we pay for stuff, lack of diversity continues to be a problem in the industry.
Women often fall behind men in leadership roles. Only seven percent of fintech founders are women, according to a study by Deloittle. On top of that, in the last five years, fintechs with founders who are women have received on average 50 percent less capital in their funding rounds than fintechs founded by men.
“Both the finance and technology industries have historically been very male focused, so fintech, in combining the two, is naturally very male heavy,” said Gemma Young, founder of Women of Fintech, a UK-based nonprofit organization fighting inequality in the fintech industry.
Women of Fintech strives to solve gender imbalance in the industry by hosting events featuring powerful women in fintech, including Anne Boden, CEO and founder of Starling Bank.
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