Female Invest bags £8.7m for women-focused finance platform

Female Invest, a fintech company aiming to empower women through accessible subscription-based finance news and community, has announced the close of its $11.2m (£8.7m) Series A funding round.

Besides being an educational platform, Female Invest also offers practical worksheets to help users gain an overview of their own finances, savings, and investment portfolios.

The platform, which claims to have more than 73,000 paying members across 123 countries, secured $10.2m led by venture capital funds Educapital and Rubio.

The company then went on to launch a crowdfunding campaign exclusively for its members on Seedrs, which raised an additional $1m.

Based in Copenhagen and London, Female Invest will use the funds to accelerate its US expansion and integrate investment services with its platform.

The idea for Female Invest was inspired by the experiences of its founders Emma Due Bitz, Camilla Falkenberg, and Anna-Sophie Hartvigsen. Together, they teamed up to create a platform to address the gender disparity in investments and savings.

Falkenberg said: “We are absolutely astounded that our community invested $1m in just four minutes, especially considering we had a cap on how much each member could invest.

“For years, our members have requested a crowdfunding campaign, so we knew the demand was there, but we anticipated it would take at least a few days to fill the round.”

In 2022, the company acquired investment platform Gaia Trading. The founders have previously said this move will mean Female Invest can offer investment services to its users alongside its education platform.