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May 1, 2023   ESG, Financial Inclusion, Sustainable Finance, FinTech and Alternative Finance, Fintech International, Fintech Services, Fundraising, Investing, Trading, Innovation and Resources, Venture Funding and Building   No comments

Largest Early-Stage Fintech Fund for Women-led Companies: Anthemis’ Female Innovators Lab

Anthemis | Apr 27, 2023

Anthemis website - Largest Early-Stage Fintech Fund for Women-led Companies: Anthemis' Female Innovators Lab

Visa and BMO join Barclays and Aviva as Investors in FIL

  • Anthemis, a specialist asset manager that creates value from driving financial systems change, today announced additional investments from institutions including  Visa and BMO for its Female Innovators Lab (FIL) Fund.
    • Anchored by Barclays, with investment from Aviva, the fund now totals $50 million, making it the largest early-stage fintech fund focused on female founders. With this latest raise, the Fund will invest in additional early-stage companies and continue its focus on designing, sourcing, and scaling female-founded embedded finance startups.
  • Launched in 2019 and led by Anthemis’ Global Head of Venture Studio, Katie Palencsar, the FIL Fund actively invests in women-led startups across North America, UK and Europe.
  • One of the earliest asset managers to establish a diversity and inclusion mandate, Anthemis is uniquely suited to lead FIL.
    • Women account for 69% of the people across investments
    • 48% of portfolio company founders are women or people of color
    • 58% of all employees at Anthemis are women

See: 

Venture Capitalists Dislike Women More Than They Like Profit

Work Trends: Employees Feel the Opposite but the ‘Data doesn’t lie’ | Women Leaving Companies at Highest Rate Ever

Andrew Harrison, Head of U.S. Partnerships at BMO:

BMO’s investment in Anthemis’ Female Innovators Lab Fund is aligned with our Zero Barriers to Inclusion strategy, which includes creating economic progress and removing barriers to the inclusion of women and women-owned businesses everywhere.

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NCFA Jan 2018 resize - Largest Early-Stage Fintech Fund for Women-led Companies: Anthemis' Female Innovators LabThe National Crowdfunding & Fintech Association (NCFA Canada) is a financial innovation ecosystem that provides education, market intelligence, industry stewardship, networking and funding opportunities and services to thousands of community members and works closely with industry, government, partners and affiliates to create a vibrant and innovative fintech and funding industry in Canada. Decentralized and distributed, NCFA is engaged with global stakeholders and helps incubate projects and investment in fintech, alternative finance, crowdfunding, peer-to-peer finance, payments, digital assets and tokens, blockchain, cryptocurrency, regtech, and insurtech sectors. Join Canada's Fintech & Funding Community today FREE! Or become a contributing member and get perks. For more information, please visit: www.ncfacanada.org

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