Female Fintech Founders Outperform UK Average, but Sector’s Losses Reach £1.5bn

A study by KPMG found that women-led fintechs are buttressed with a longer cash runway than is typical across the fintech industry in the UK. The standard pace calls for about 18 months between fundraising rounds. According to KPMG’s Fintech Focus, released today, approximately 78% of women-led fintechs in the UK entered the Covid-19 crisis with 18 months (or more) of cash on the balance sheets, whereas 50% of all UK fintechs found themselves at the start of the crisis with less than 18 months of cash on the books. Returns on women-led businesses, as measured by paper IRRs, also appear to be materially higher than average. AltFi

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