Barclays Partners With Anthemis to Found Female-led FinTech Businesses in the US
20 September 2019 - 1:02AM
Business Wire
Female Innovators Lab
a new Fin Tech studio to drive greater diversity and
inclusion
Barclays and leading global FinTech investor, Anthemis have
today announced a partnership to co-launch a New York City-based
studio targeting female entrepreneurs to establish sustainable,
valuable FinTech businesses.
Despite female-founded startups outperforming their male
counterparts in terms of revenue1 according to research by
Pitchbook2, in 2017, just over 2% of venture capital funding went
to all-female startup teams. As two leaders in the FinTech
community, Barclays and Anthemis have joined forces to launch the
Female Innovators Lab, which is aimed at bridging this gap. The
partnership will drive greater diversity and inclusion in
FinTech.
The Female Innovators Lab by Barclays and Anthemis is a hands-on
program targeting budding founders at the earliest stage of their
journey. Barclays and Anthemis will work with female entrepreneurs
and their founding teams to shape and execute a vision, from
concept development through to business launch and seed
investment.
Once established, the startups will move into Barclays’ newly
expanded Rise building in New York’s Silicon Alley, where they will
have unparalleled access to mentoring and networking opportunities
from the world-class FinTech hub.
To learn more about the Female Innovators Lab or to apply,
please visit
https://home.barclays/who-we-are/innovation/female-innovators-lab-/
Mariquit Corcoran, Managing Director, Group Innovation, at
Barclays said:
“By supporting female entrepreneurs at the earliest stage in
their journey, I am hopeful that we can significantly improve
diversity in the wider FinTech investment ecosystem. In addition to
the close alignment with Barclays’ wider strategy on diversity and
inclusion across the bank, our partnership with Anthemis will
continue to drive innovation and open up opportunities for Barclays
and our colleagues, clients and customers.”
Amy Nauiokas, CEO and Founder at Anthemis, said:
“A commitment to diversity has been a core part of Anthemis’ DNA
since our inception. Even so, we’ve seen a disappointing number of
venture-backable companies led by women come through our pipeline.
15% of the startups in our current portfolio have female founders.
While that is well over the industry average, it’s not enough. We
are thrilled to work with a partner who shares our mission to close
the entrepreneurship gender gap in FinTech, making sure that
women’s ideas get the encouragement, mentorship, and, ultimately,
funding they deserve.”
Notes to Editors
-
https://fortune.com/2018/06/07/female-founded-startups-revenue-funding/
-
https://fortune.com/2018/01/31/female-founders-venture-capital-2017/
About Barclays
Barclays is a transatlantic consumer and wholesale bank offering
products and services across personal, corporate and investment
banking, credit cards and wealth management, with a strong presence
in our two home markets of the UK and the US.
With over 325 years of history and expertise in banking,
Barclays operates in over 40 countries and employs approximately
83,500 people. Barclays moves, lends, invests and protects money
for customers and clients worldwide.
For further information about Barclays, please visit our website
home.barclays
About Rise, created by Barclays
Rise, created by Barclays exists to create the ultimate
conditions for innovation and growth in financial services. Since
2015, Rise has focused on building a global community of the best
minds in FinTech to disrupt, challenge and confront the way things
are done in our industry. Today, we have over 150 FinTech companies
who call Rise home, and a virtual community of over 7,500
members.
About Anthemis
Anthemis is a leading global venture investment firm focused on
fintech with $380m+ in assets under management. We invest in and
build early stage fintech companies we believe will transform the
financial services industry for the Information Age. Since 2010,
Anthemis has made more than 90 investments and we bring 150+ years
of partner domain expertise. We offer strategic benefits for LPs in
addition to generating compelling risk adjusted returns. Learn more
at www.anthemis.com.
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Barclays Media Relations
Pia-Louise Stephenson +44 (0) 20 7116 0587
Anthemis Charity Mhende
charity@anthemis.com
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