back Back

findexable tackles gender diversity in FinTech with a new report

By Joy Dumasia

November 10, 2021

  • Berlin
  • Europe
  • Findexable

New research by the global FinTech think tank findexable shows that 1.5% (16) of 1,032 best-funded private FinTech firms globally are founded solely by women and receive just 1% of total FinTech venture funding. The Fintech Diversity Radar research reveals women make up 11% of all board members and 19% of company executives. 

Europe, home to some of the most FinTech focused ecosystems, joined-up financial markets and progressive regulatory authorities, performs average on the diversity scales with London, Paris and Berlin, providing positive results in certain areas. 

Hubs for women founders, executives and board members are globally distributed: 

● Asia has the highest proportion of female founders at 7.7%, followed closely by Africa at 7.4% – this compares to Europe at 6.5% and North America at 4.8%

● Africa has the highest proportion of female board members at nearly 15%

● Africa and the Middle East are the leading regions for the proportion of female CEOs

● North America has the highest proportion of executive team members

● Female CEOs are more likely to call Dubai, London, São Paulo, Buenos Aires or Lagos home. 

● Only eight female-founded companies have more than 1,000 employees, with five in Asia, two in Europe and one in Latin America.

The inaugural Diversity for Growth Report forms part of the Fintech Diversity Radar, the first global big data initiative tracking diversity in FinTech by findexable in partnership with FinTech firms Chargebacks911 and Global Processing Services (GPS) and a global alliance of supporting organisations, women founders and FinTech industry champions. 

The report examines the role that women play or, rather, don’t play in global FinTech and how the industry can build more balanced, inclusive, and representative businesses that are fit for the future. The research comprises data from just over one thousand of the world’s best-funded privately owned FinTech firms, 36 in-depth interviews with women founders and senior executives from large financial service providers. Insights are also drawn from a survey of 250 employees working across the financial services landscape. 

Simon Hardie, CEO and Co-Founder of findexable, said: “Global prosperity is more evenly distributed than at any point in history, yet our data shows the massive imbalance between men and women in innovative financial services firms. Fintech is a key enabler in the digital economy and the sector playing an outsize role in reducing economic exclusion and powering digital transformation.”

Previous Article

November 10, 2021

Ripple previews Liquidity Hub to allow customers to buy, sell and hold crypto assets

Read More
Next Article

November 10, 2021

MyState Bank selects Temenos for its digital banking expansion in Australia

Read More

IBSi Daily News Analysis


July 19, 2024


SMEs leverage cloud to gain competitive edge, study shows

Read More

IBSi FinTech Journal

  • Most trusted FinTech journal since 1991
  • Digital monthly issue
  • 60+ pages of research, analysis, interviews, opinions, and rankings
  • Global coverage
Subscribe Now

Other Related News


GCC banks pursue international expansion in Turkiye, Egypt, and India

Read More

July 23, 2024

UAE SMEs identified accepting contactless payments as a critical investment area to meet consumer expectations, study shows

Read More

July 22, 2024

Mobile banking popularity set to soar in the US, with 79% adoption predicted by 2029

Read More

Related Reports

Sales League Table Report 2024
Know More
Global Digital Banking Vendor & Landscape Report Q2 2024
Know More
NextGen WealthTech: The Trends To Shape The Future Q4 2023
Know More
IBSi Spectrum Report: Supply Chain Finance Platforms Q4 2023
Know More
Treasury & Capital Markets Systems Report Q1 2024
Know More

IBSi Sales League Table

The industry acknowledged barometer of global banking technology vendor performance!
Get your copy now!
Get your copy now! IBSi Sales League Table 2024