In the UK, fintech companies with female founders have seen turnover growth of over 30%. This is despite the fact that only 16% of these companies, which are considered to be in the growth phase, have female founders, but this is still 30%. In addition, the presence of multiple founders has also had a positive impact on revenue growth rates, with more than half of the fintech companies surveyed in the UK having more than one founder.

A new report entitled 'Expanding FinTech in the UK Region' highlights these findings. The report, published by Innovate Finance, Streets Consulting and Whitecap Consulting, highlights the growth trajectory of 250 UK fintech companies outside of London.

The impact of gender diversity

The report reveals a significant relationship between gender diversity in leadership and financial performance. In addition, the study demonstrates the importance of fundraising for fintech companies. Notably, 9 out of 10 companies participating in gas pedals. Gas pedals or startup gas pedals are defined as regular programs designed to facilitate investment, connections, sales and education to ignite program growth. Startup gas pedals are often associated with Silicon Valley, the global center for investment and fintech. Gas pedals or startup gas pedals of this investment nature are defined as regular programs designed to facilitate investment, connections, sales and education to ignite program growth. Startup gas pedals are often associated with Silicon Valley, the global center for investment and fintech. Investments of this nature he read this issue have been successful in raising capital.

“The data on diversity in this report is bittersweet. Once again we see the benefits of diversity and inclusion, as fintech companies founded by women are significantly better than those founded by men; but we also see once again the severity of the challenge, as less than one in five fintech companies are founded by women.” Julia Streets, CEO of Streets Consulting, mentioned.

Additionally, the report delved into the marketing strategies of fintech startups, which showed that 87% of them incorporated B2B elements in their marketing approach. However, B2C companies that received funding grew their revenue and employees twice as fast as B2B companies. Notably, sectors such as payments, wealth tech and prop tech stood out in terms of growth and successful funding.

Pilot the field of financial technology

Based on the analysis, the report offers actionable recommendations for entrepreneurs, investors, policymakers and the broader fintech industry. These recommendations include promoting diversity in leadership, encouraging participation in gas pedals, and supporting the growth of the FinTech industry outside of London from a national perspective.

Julian Wells, Director and Fintech Leader at Whitecap Consulting, added: “It's no surprise to see so many regional fintech innovators succeeding outside of London. We have an extremely vibrant ecosystem of fintech innovators in all corners of the country. This data and insight is just the thing to help the UK in its efforts to maintain its position as a true leader in the global fintech space.”

Meanwhile, the world of finance is undergoing a transformation with the rise of the female investor, according to a recent report by Finance Magnates.Data released by XTB on International Women's Day reveals that women are breaking down barriers, challenging stereotypes, and making strides in the investment world. The proportion of female investors is on the rise, with countries such as Romania and the Middle East leading the way with more than 20% female investors.