London-based, market-leading FinTech Female Invest, which provides community, easily accessible subscription-based education, and financial news to empower women, has announced the completion of its Series A investment round, which raised €10.3 million in total.
The website helps women realize their financial potential and start investing, boasting over 73,000 paying members in 123 countries and a vibrant online community with over 512,000 social media followers.
Venture capital funds Educapital and Rubio led the €9.4 million round of funding that Female Invest obtained in July 2024. The business also started a Seedrs crowdfunding campaign just for its members, which brought in an additional €900k.
This campaign smashed multiple global records: it was the fastest to raise $1 million (€900k) in about 4 minutes, had the highest percentage of female investors in any crowdfunding campaign (94%), and had the biggest number of pre-registrants (12,000+). Since businesses founded by women receive less than 2% of the investment, this achievement stands out significantly. Female Invest is a trailblazer in several fields.
Camilla Falkenberg, co-founder of Female Invest, stated:
“We can’t believe our community raised $1 million in under four minutes, especially because we limited the amount each member could contribute. We knew there was a need because our members had been asking for crowdfunding campaigns for years, but we still thought it would take a few days to fill the round.”
Female Invest was founded with the motivation of their observations of the conspicuous lack of female attendance at personal finance events. They established a platform to close the gender gap in savings and investing.
The co-founders co-wrote the Sunday Times Best Seller “Girls Just Wanna Have Funds,” took part in the esteemed Silicon Valley accelerator Y Combinator in 2021, and are all listed in Forbes’ 30 Under 30 list for finance. Prominent individuals such as Emma Watson and Hillary Clinton endorsing the startup have added to its excitement.
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Attracting customers from 120 countries, Female Invest has had amazing growth with a Compound Annual Growth Rate (CAGR) of 240%. At the moment, 40% of its users are British. Moreover, the company intends to use the additional funding to carry out its operational scaling, broaden its trading products, and do an official US launch.
Female Invest seeks to reduce the gender investment gap at a time when male investors hold 70% of stocks and female employees leave with almost two-thirds less in their pensions than male employees (Nest poll – Oct 2020). The platform equips women with the knowledge and abilities needed to take charge of their money and become financially independent. Research from Warwick Business School shows that women investors usually achieve better investment returns than men, highlighting the need for a financial platform focused on women.
The platform’s co-founder, Anna-Sophie Hartvigsen, added:
“Women are falling behind financially in every single country. With the money they do have, they invest, save, and earn less. At Female Invest, our mission is to bridge this gap as soon as we can.”
Camilla Falkenberg emphasized the need to rethink financial advice for young women, She stated:
“Most financial advice for women concentrates on saving money on going out, clothes, food, and cosmetics. But there’s a big lack of resources for women who want to invest their money and make it grow. The Female Invest bridges this gap.”
Emma Due Bitz, a stockbroker said:
“The financial industry has traditionally been dominated by men, reflected in its communication style, corporate culture, and product offerings. Even though it’s not done on purpose, women are frequently left out of this. The goal of Female Invest is to alter that.”
