Insurance giant Aviva has invested $10mn into a female FinTech fund.
In Brief:
The Anthemis Female Innovators Lab Fund supports female entrepreneurs in FinTech.
It offers investment as well as more hands-on support across Europe, Canada and the US.
Aviva’s investment will focus on UK based FinTech firms founded by women.
What does this mean?
Aviva says that the current figure of 4% of UK FinTechs being led by women is not acceptable. “Working with the Fund means more than just a financial contribution, we will have opportunities to partner with, learn from and invest directly in startups where they may benefit Aviva and our customers,” says Chief Innovation Officer Ben Luckett.
