Nigeria FinTech Landscape - Impact Assessment

Impact of FinTech - gender inclusion Low female participation in FinTech is driven by under-representation in finance and tech and lack of diversity in VC industry There are 5 key drivers to increase female participation in FinTech 1 Increase STEM pipeline 2 Introduce regulatory policies to drive gender diversity 3 Increase funding for female driven FinTech 4 Drive sponsorship and mentorship among women in FinTech 5 Increase role modeling and share success stories SOURCE: Company websites, team analysis Educating and encouraging young women to pursue careers in STEM by breaking down social barriers and stereotypes Initiatives include scholarships, conferences to raise awareness, STEM funds/grants, Workplace sponsorship Increasing diversity through regulatory policies (government or self-imposed) will enable companies make conscious decisions to drive gender equality in the workplace Create more female focused VC funds to drive adoption Allocate more donor funds/grants to female-run FinTech to drive adoption Organize conferences and structured networking events to connect women in FinTech with successful players in the industry Develop online series, webinars etc. where women in FinTech share success stories with up and coming entrepreneurs Develop partnerships with women enabled businesses to foster collaborate and role modeling Examples 米 ■ Tech Women mentorship program for women in collaboration with the U.S. Department of State's Bureau of Educational and Cultural Affairs Mastercard Girls4tech program Exxon Mobil's Women interest network, Edufun Technik STEM Hub etc. CBN mandated commercial banks to appoint 30% women to their boards The Female Founders Fund, a ~ $30m fund focuses on investing in early stage female led startups Janngo Capital - is a female-led venture capital fund focused on African women founders Alitheia Capital - launched a gender fund targeting female entrepreneurs Women in FinTech Global initiative promotes collaboration between female FinTech leaders and create an unrivalled environment for mentorship Africa Women in FinTech conference aims to connect female African entrepreneurs across the continent to foster collaboration and innovation Innovate finance's Talent and Skills program spotlights the in tech industry and inspires young women to pursue careers in FinTech She leads Africa connects women entrepreneurs with market leaders to drive innovation in women-owned businesses EFINA 163

View entire presentation