Revolut

• Even if you haven’t heard of fintech, you’re probably using it for payments, banking or investments.
• Women account for just 4% of CEOs, only 18% of executive committee members, and a mere 7.7% of entrepreneurs within fintech.
• Gender inequalities in each of these combine to form what we call a “triple glass ceiling” in the fintech industry.
• The longstanding male dominance, continued privileging of masculinity, and rigid gender stereotypes in each of these sectors hinder meaningful progress and change in fintech.

So, where are all the women?

• Several interviewees noted that women typically work harder and push more to gain the same result as their male peers.
• However, ideas that get dismissed when suggested by a woman commonly gain credence when offered by a man.
• Women.

• Only 1.5% of chief technology officers or chief information officers are women – a reflection of the technology glass ceiling.
• Since people are more likely to relate to and fund entrepreneurs similar to themselves, male-led ventures are more successful.
• Successful entrepreneurs have traditionally been male, leading to a male stereotype of entrepreneurship and entrepreneurial success.

What does this mean for you?

• If people build and develop products based on their own frustrations and day-to-day living, innovation can only truly be driven by diverse people with different backgrounds and experiences.
• If made aware of the gender inequalities in the industry, fintech users can be a voice for change.
• Shattering the triple glass ceiling represents an immense challenge, but we cannot be allowed to fail.

Chloe Fox-Robertson receives funding from the Economic and Social Research Council (ESRC). While working on this project Dariusz Wojcik received funding from the European Research Council under the European Union's Horizon 2020 research and innovation program (grant no. 681337). Authors bear all responsibility for the content.

• SINGAPORE, March 28, 2024 /PRNewswire/ -- Alchemy Pay, the leading global Web3 payment solution provider, has revealed its investment in LaPay UK Ltd, a UK-based fintech dedicated to facilitating international business growth for companies.
• Significantly, LaPay holds an Authorised Payment Institution (API) License in the UK with reference number 914920 and is regulated by the UK Financial Conduct Authority (FCA).
• Gibbs Lvy, Co-Founder of Alchemy Pay, reflected on the significance of this investment, stating, "LaPay is a fintech company regulated by the FCA, and this investment marks a crucial milestone in our global payment licensing strategy.
• He emphasized, "Innovative fintech firms like LaPay are reshaping the dynamics between traditional banking, finance, payments, and Web3.

• Mintos, fully regulated under MiFID in the European Union, serves over 500,000 investors in the EU with assets under administration exceeding €600 million.
• Mintos has partnered with Crowdcube, the leading European crowdfunding platform for investment into private companies, who have worked with some of Europe's largest fintechs including Revolut, Qonto, and Monzo.
• The plan is to also introduce new products, providing more options for diversification and long-term growth to investors across Europe.
• Investors interested in joining Mintos' crowdfunding campaign can pre-register to secure early access, with the campaign scheduled to go live to the general public on April 10th.

• Molten Ventures plc (LSE: GROW, Euronext Dublin: GRW), a leading venture capital firm investing in and developing high growth digital technology businesses, is pleased to announce the acquisition of a secondary position in Seedcamp Fund III.
• The Group has acquired approximately 19% of the Fund for €8.5m.
• The acquisition is in line with the Group’s previously communicated strategy to access exceptional secondary investments at attractive valuations.
• Molten Ventures has previously acquired secondary positions in Seedcamp Funds I & II, Earlybird DWES Funds IV and Earlybird Digital East Fund I. Molten’s secondary strategy leverages its network in the venture capital market to provide liquidity to later life funds, with a focus on acquiring portfolios of high quality assets with nearer term visibility on realisation opportunities.