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The female economy is large, fast-growing and underserved — and fintechs are well-positioned to tap into it, as showcased in seminal research into fintechs and the female economy. To help fintechs embrace this win-win opportunity, the Financial Alliance for Women launched in 2021, a new dedicated peer learning activity called “Fintech Fridays.”
Fintech Fridays are quarterly meetups between fintechs, financial service providers (FSPs), big techs, investors and other key stakeholders in the fintech ecosystem working to drive the female economy.
Fintech Fridays will convene industry leaders to tackle how to supply and elevate women’s financial experiences and accelerate their economic empowerment. It will also be a platform for fintechs to showcase their businesses and connect with the Alliance global network of FSPs and investors.
Fintech Fridays are a meet-up between fintechs, FSPs, big tech, unicorns and investors working to drive the female economy and unlock its full potential.
The Alliance’s fintech research highlighted the need for capacity building and networking to better understand the female economy and how to serve it. It also highlighted fintechs’ need to connect with FIs, big tech and unicorns.
Fintech Fridays answer two main needs identified by fintechs: Capacity Building & Meet-Ups allowing fintechs, FSPs and investors to build connections and open new market opportunities.
Checkout our upcoming events below:
For more info: info@financialallianceforwomen.org
We held our first Fintech Fridays session of 2023 on March 17 with the theme “Gender-Intelligent Sales Funnel”. 3 amazing female fintech founders: Sairee Chahal of Sheroes and Mahila Money, Ifeoma Udder of Shecluded and Halima Iqbal of Oraan, shared the various gender-differentiated efforts they have undertaken to address the barriers women face at each phase of the sales funnel.
In case you missed it, catch the session here:
Alliance research in 2021 showed that Fintechs are leaving money on the table by not being gender-intelligent. In fact, the gender gap in fintech usage is 27.6%! 3X greater than the gap in access to a formal account. Yet, fintechs with gender initiatives face harsher obstacles with nearly two-thirds of the women-focused fintechs reporting that fundraising and investor bias were their biggest business challenges.
With this in mind the Financial Alliance for Women organized an Investor Forum, as part of its 2022 Fintech Fridays series, which brought together top investors with fintechs eager to get funding.
Alliance member fintechs hailing from Africa, Asia, Europe as well as Latin America were invited to pitch. Fintechs made a 4-minute pitch followed by a 6-minute Q&A from investors.
