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Female Founders Lose Out on Capital Piling Into Fintechs

  • Firms started by women got just 0.9% of total funds raised
  • A record $16.9 billion has been plowed into fintechs this year
Updated on

As a record amount of venture capital flows into the fintech industry, female entrepreneurs are lagging behind their male counterparts in attracting funding.

Firms with only female founders accounted for 3.8% of fintechs that attracted capital this year through October in the U.S., but drew proportionately less funding -- just 0.9% of the total money raised by such companies, according to Crunchbase Inc., which provides data, tools and research on private companies.