Where Are All the Ladies in FinTech?
February 23, 2015 by Meredith Lepore
Fintech (that’s financial technology) is a new, exciting industry that will make finance a whole lot more transparent. But when it comes to gender equality, it’s not looking good for this sector: Click HERE to read.
A Financial News analysis of Dow Jones Venture Source and Factiva data published last week, revealed that the 20 European fintech companies that received the largest venture capital investments in 2014, none had a female chief executive. Plus only 7.9 percent of the 114 key executives listed for those firms on Factiva’s company database were female. This is supposed to be a new chapter for finance, but the lack of women looks like the same old story. Susanne Chishti, the founder and chief executive of fintech angel investor network Fintech Circle said: “The fintech sector often prides itself with being disruptive and challenging the status quo of established, large financial players. Therefore it should be one of the key focus areas to disrupt the male-dominated banking model and challenge the status quo where female leaders do not reach the top positions they deserve.”
