The fintech sector globally and in Africa is largely male-dominated, with studies showing that companies are primarily founded and led by men, their employees are mostly male, and their user bases are predominantly male. Research by findexable reveals that just 12% of VC-backed privately-owned fintechs worldwide have women founders, and less than 6% of all fintech CEOs globally are women. Additionally, a 2021 paper from the Bank for International Settlements found a “large gender gap” in the use of fintech products and services across 28 major economies. However, Nigeria’s fintech scene is different, with roughly 20% of VC-backed fintechs in the country having at least one woman co-founder. Some of these, like Klasha, are intentionally building gender-diverse workforces, while others, like Herconomy and HerVest, explicitly focus on serving female customer segments. The article also provides a list of forty-two women founders and co-founders of VC-backed fintechs in Nigeria.
#africatourism #africatravel