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The Wrap 11 September – Our Weekly Round-up of Funding News

by DIANA DORAHY|11 September 2020

Female Founding News

Hi and welcome to The Wrap a quick look at the week that was, I’m Diana Dorahy.

If you missed last week’s French Tech panel on tackling gender bias in the corporate and investment workplace, don’t worry, we did a live Q&A with Nicole this week who was one of the panelists.

We talked about how the deal flow process impacts female funding, how creating role models can reduce gender bias and the top five ways to get investors and corporates to join this discussion. I’ll put the link to the transcript in our newsroom and you can check out the video on social.

 

In funding news this week…

U.S. residential real estate platform, Orchard has announced a $69 million Series C funding round.

Curio, a curated audio platform for journalism has closed a $9 million Series A round.

And Indian food delivery start-up, Zomato says it’s now planning to IPO next year. That comes on the back of a $100 million raise it announced last week from Tiger Global.

 

My story of the week goes to….

A piece about why there are so few women in fintech. We all know that women have been underrepresented in STEM subjects at school and at university.

Add to that the fact that a lot of people come from the Financial Services sector. Many at senior levels have employed people in Fintech they’ve worked with in the past and then it becomes a cumulative effect. Plus, building relationships out of hours, it’s often not very family friendly.

But unless you have a woman at the top in management pushing for change then you’re not going to see women further down the chain – especially not in senior roles.

And that’s important – whether it’s Fintech or any other industry. You need thought diversity to understand consumer needs. Without you may struggle with that part of the market.

 

My tip of the week….

Come from Brenda Freeman, CEO of art supply giant, Arteza in an article about mind, body, and spirit tips from some the U.S.’s leading female founders and executives.

She says, “Invest in customer research, have a board or panel representing your customer, and most importantly, create a ‘muse’ to put a real face and flesh on the customer for the entire organization to be deeply knowledgeable about not only the hard-core demographic information, but the emotional motivators that are important to them and what role your products play in their lives.” Yes!

 

A second tip for you this week…

Women NSW in Australia has released a free financial toolkit aimed at women.

They’ve included a stack of resources for budgeting, investing in your financial future and help with unexpected issues.

It’s easy to navigate and includes things like a superannuation and retirement village calculator as well as planning strategies when you lose your job, return to work after having a baby and/or suffer from serious illness or injury.

 

Coming up next week…. 

On Next Chapter Raise, our Investor-in-Residence, Dennis Plomp is ready to answer your funding questions.That’s on the 17th from 1pm Hong Kong time.

Plus, don’t forget to register for our fireside chat with Ada Lam, the division head, Innovative business and ecosystem partnership at HSBC.

She’s going to be talking about the different financing options for founders and will cover the importance of financial transparency, understanding the different payment and financing solutions on offer including receivable financing. Register now via our website. It’s on September 24.

Until then, have a great weekend and see you next time on The Wrap.

 

https://www.nextchapterraise.com/highlights-of-the-la-french-tech-panel-on-gender-bias-in-the-investment-and-corporate-world/

https://thefintechtimes.com/women-in-fintech/

https://www.inc.com/inc5000/2020/anna-meyer/female-founders-secrets-of-success.html

https://www.women.nsw.gov.au/resources/womens-financial-toolkit