Fintech
London Fintech Startup Female Invest Raises €10.3M
Female Invest, a London-based fintech startup backed by Y Combinator, announced on Monday that it has raised $11.2 million (about €10.3 million) in a new funding round led by Educational capital and Rubio Impact Ventures.
Of these, the company raised $1 million (about €923,000) through a crowdfunding campaign.
“We raised $1 million in 4 minutes, breaking 4 world records (and the crowdfunding platform) in the process,” the company says in a LinkedIn post send.
The company will use the funds to accelerate its expansion into the United States and integrate investment services with its platform.
Female Invest: Bridging the Gender Financial Gap
Founded in 2019 by Anna-Sophie Harvitgsen, Emma Due Bitz and Camilla Falkenberg Marie Hald, Women’s Investment was born as a response to women’s inability to find accessible and inclusive financial literature.
The British company aims to close the gender finance gap.
– A message from our partner –
The company operates a subscription platform that provides articles, videos, and seminars on trading and investing for $13 per month.
Additionally, the company offers handy worksheets to help users get a comprehensive overview of their finances, savings, and investment portfolio.
Their online community allows members to seek advice from experts, connect with other strong women, and share knowledge.
Members also have the opportunity to participate in live Q&A sessions with Female Invest experts, as well as receive invitations to physical events and access to member-only benefits, such as discounts on select events and Money Coach sessions.
Since its first fundraise in late 2020, the company has grown 12-fold and says it has about 73,000 paying members in 123 countries.