London-based Female Invest, a Y Combinator-backed fintech startup, announced on Monday that it has secured $11.2M (approximately €10.3M) in a fresh funding round led by Educapital and Rubio Impact Ventures.
Out of the total, the company raised $1M (approximately €923K) in a crowdfunding campaign.
“We raised $1M in 4 minutes, breaking 4 world records (and the crowdfunding platform ) in the process,” says the company in a LinkedIn post.
The company will use the funds to accelerate the US expansion and integrate investment services with its platform.
Female Invest: Closing the financial gender gap
Founded in 2019 by Anna-Sophie Harvitgsen, Emma Due Bitz, and Camilla Falkenberg Marie Hald, Female Invest was born as a response to the inability of women to find accessible and inclusive financial literature.
The UK company is on a mission to close the financial gender gap.
The company operates a subscription-based platform that provides articles, videos, and seminars on trading and investing for $13 per month.
Additionally, the company offers practical worksheets to help users gain a comprehensive overview of their finances, savings, and investment portfolio.
Their online Community allows members to seek advice from experts, connect with other empowered women, and share knowledge.
Members also have the opportunity to participate in live Q&A sessions with experts at Female Invest, as well as receive invitations to physical events and access member benefits such as discounts on selected events and Money Coach sessions.
Since its first fundraiser in late 2020, the company has grown 12x and claims to have around 73,000+ paying members across 123 countries.
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