This interview is part of a series of interviews featuring female Fintech leaders globally. LATTICE80, in partnership with Miss Kaya, recently published our Top 100 Women in Fintech 2019 list.The effort reflects our efforts in women empowerment and support in a field where women continue to be underrepresented. Check out the full list for 2018 here as well.
Miss Kaya is a lifestyle driven financial platform for the modern woman that aims to empower them to carve their own financial freedom through technologically-empowered financial tools. The mission is to provide the modern women globally with the support, resources, and community they need to live the lifestyle that they want.
Disclaimer: The interviews are published on a rolling basis and the order by which they are published by no means representative of any rankings.
This article features an interview with Dr Louise Beaumont, Chair, Advisor, and Investor, and one of our Top 100 Women in Fintech 2019.
1.Tell us more about what you do and how did you move into Fintech?
I work with legislators and regulators to create much needed disruption in Financial Services; I work with corporates to help them cope with this disruption; and I found, invest in, and take executive, board and advisory positions with the start-ups I believe will exploit this disruption. As such, I have something of a 360 degree view!
I started in FinTech as an entrepreneur co-founding a platform to facilitate lending to small and medium sized businesses, then I was poached by the institutional investor that invested in and then bought the business outright, to help grow the 20 FinTechs in their portfolio. Latterly, I’ve invested in and advised FinTechs, and throughout I’ve worked with legislators and regulators to create a more conducive environment for innovation.
2. What does being a woman in Fintech mean to you?
I’ve never been anything other than a woman – I can’t divorce my gender from my experience!
3. What challenges do you think women face in Fintech?
Women in FinTech face the same challenges as they face in any environment where they are under-represented. I’d particularly call out the issue of accessing venture capital; less than 1p in every £pound goes to women founded businesses, and only a further 10p goes to mixed founding teams. The lion’s share – 89p in every single £pound – goes to businesses with male founders. This is a systemic failure in the investment community, with consequences not just for founders, but for the communities those investors live in; consumers, businesses, corporates and governments. In short, everyone.
4. What advice would you give to other women starting out and growing their careers in Fintech?
Choose to invest your time and energy in a company that will allow you to thrive, and give you not just equal opportunity but equal pay. NB, if there’s a dearth of people who look like you distributed throughout the company, then why would you choose to sacrifice yourself on the alter of warm words?
5. What are 3 keywords to describe Fintech for 2019?
Opportunity: reality dawns.