Diversity in Fintech

Both the financial services industry and Silicon Valley have, separately, been accused of a lack of diversity in their respective workforces. But fintech, as a conglomeration of both industries, has a unique opportunity to make great strides in this area. In a Finra summit on diversity, one speaker made the interesting point that because many fintechs are still in their early stages, conversations about diversity should happen “much more than they would have happened at any large financial institution.” While strides are being made, there’s still some work to be done; one study from 2017, for example, found that only two percent of venture capital went to fintech companies founded by women.