Time to ditch the tech bros? Women-led fintechs are better investments, says KPMG

May 6, 2019 · cityam.com

Screen shot 2019 05 06 at 7.57.42 am

The study, which looked at 91 fintech companies across the UK, found those that were founded or co-founded by a female achieved 113 per cent higher returns for investors.

Carried out in collaboration with Clarus Investments, the Fintech Focus report, found that the median internal rate of return (IRR) were notably higher for fintechs with female founders.

Those who opted to invest early on in female-founded fintechs received a median IRR of 112 per cent, while other business of a similar age only received a median IRR of 48 per cent.

"While the number of female founders or co-founders is low, the fact that they typically achieve a higher rate of return is a clear vote for more diversity," said global co-head of KPMG Fintech, Anton Ruddenklau.

The report also revealed that the median amount UK fintechs raised at the first round was £330,000, although 12 firms raised at least £2m.

Read Complete Article

RT @LDNconnectory: We have a special announcement... Our website is live! Read all about our space, find out what's going on and meet our…

The #NationalParkCity Festival is on now. It’s our city’s largest free celebration of the great outdoors, with hund… https://t.co/iF8nFP6u6D

RT @RipItUpTheEvent: London @LDNTechWeek we had a really exciting event, our keynote was given by @VMware by the fabulous @charleywoodwar4…

Kazakhstan government is now intercepting all HTTPS traffic https://t.co/OsraGAfqAF

☑ 💐 ☑ How about Growth with @emma_finance? https://t.co/ibhGGhMM2m #jobs #growth

More in London