City Of London
Funding Disparity Widens for UK Female Fintech Founders in 2022
- Startups founded by women made up just 4% of total investment
- Weak economy disproportionately bad news for female founders
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Funding for UK female-driven fintechs dropped by two-thirds in the first half of this year compared with the same period last year, widening the gender investment gap in the male-dominated industry.
About $400 million was invested into fintechs founded or co-founded by women across 20 deals through June, according to an analysis compiled by Innovate Finance. That compares with $1.1 billion invested across 32 deals in the first half of 2021. The amount invested into UK fintechs founded by men rose 40% in the first six months of this year.