5 Financial Apps supporting women-led businesses in the UK

By Gloria Methri

Women entrepreneurs have made significant strides in the business world, and financial technology is helping level the playing field. According to a report from the Rose Review of Female Entrepreneurship (2020), women entrepreneurs in the UK are contributing £130 billion to the economy. Yet, they continue to face challenges in accessing funding and financial tools tailored to their needs.

In this environment, financial apps designed to streamline processes, enhance financial literacy, and provide accessible capital are becoming crucial. These apps are not only promoting financial inclusion but are empowering women-led businesses to scale and thrive.

Here are five financial apps that are supporting women entrepreneurs across the UK.

• Coconut

Coconut is a digital banking app designed specifically for self-employed individuals, including women entrepreneurs. It simplifies expense tracking, invoicing, and tax management, which can often be a burden for small business owners. By offering a comprehensive solution that automates the accounting process, Coconut allows women-led businesses to save time and reduce administrative overhead. It also helps entrepreneurs stay on top of their tax obligations, ensuring compliance and improving financial confidence.

• Curve

Curve is a financial app that consolidates all your bank cards and accounts into one, offering a simplified approach to cash flow management. For women entrepreneurs who juggle multiple business and personal accounts, Curve provides a streamlined solution to track spending, control budgets, and manage finances all in one place. Its ability to link credit, debit, and even prepaid cards from various banks allows for easier monitoring of business expenses, and the app also offers real-time spending insights, which help business owners make more informed financial decisions.

• Monzo Business

Monzo Business is a business banking app that offers a range of financial management tools designed for entrepreneurs. One of its standout features is real-time notifications, allowing women entrepreneurs to keep track of incoming and outgoing transactions. Additionally, Monzo integrates seamlessly with accounting software such as Xero and QuickBooks, making it easier for business owners to manage invoices, receipts, and taxes.

• Seedrs

Seedrs is an equity crowdfunding platform that enables women entrepreneurs to raise capital by connecting them with investors interested in supporting innovative business ideas. It’s an excellent platform for those looking to scale their businesses, especially in industries where venture capital is scarce. Seedrs makes it easy for female-led startups to reach a wide network of investors and provides the necessary resources to prepare for fundraising campaigns.

• Starling Bank

Starling Bank is a digital bank that offers business accounts, payment solutions, and a robust marketplace for small businesses, with a strong focus on supporting women-led enterprises. The app includes features such as automatic categorisation of transactions, detailed spending analytics, and the ability to set financial goals. Women entrepreneurs can also integrate their accounts with various third-party tools, such as accounting and tax management software, to streamline their business operations.