Why the Female Founders Fund is Focusing on Fintech
*By Conor White*
With $27 million in new seed money, the Female Founders Fund announced it plans to invest with women who are developing financial technology that will keep pace with new trends in online banking.
"The way millennials are considering their relationship with traditional banks is fundamentally changing," said Anu Duggal, a founding partner of the Female Founders Fund. "I think they want a different experience, they want transparency, they expect the same kind of technological experience that they're getting from all of the other consumer-facing apps or businesses that they interact with."
The fund's new initiative is backed by some of the most influential women in the world, including Melinda Gates, the Rent The Runway co-founder Jenny Fleiss, and the founder and CEO of Stitch Fix, Katrina Lake.
Female Founders Fund invests exclusively in companies founded by women, something Duggal said is more important than ever.
"When you look at the current landscape, whether it's the Amazons, Googles, Facebooks, Yahoos of the world, you have this group of women who've helped these companies scale and understand the skill set that is required to build a business from the ground up," said Duggal. "And so I think that we're at a really pivotal time in terms of, these women are ready, there's an opportunity from a consumer standpoint, and they're really taking advantage of it."
For the full interview, [click here](https://cheddar.com/videos/female-founders-fund-celebrates-27-million-seed-fund).
Prince Harry has reached an out-of-court settlement with a tabloid newspaper publisher that invaded his privacy with phone hacking and other illegal snooping. Attorney David Sherborne said that Mirror Group Newspapers had agreed to pay Harry’ “substantial” costs and damages.
An attorney representing passengers of an Alaska Airlines flight that lost a door plug in midair says a “whistling sound” was heard on a previous flight of the same Boeing 737 Max 9.
What do Arnold Schwarzenegger, Aubrey Plaza, and Tom Brady all have in common? You'll see them on Super Bowl Sunday, but not on the field. If you only watch the Super Bowl for the ads, here's a sneak peek.
The Federal Communications Commission knows (to loosely quote Drake) "when that [AI robocall] hotline bling, that can only mean one thing" — deception. The agency says bad actors have been using these voices to misinform voters.
David Stryzewski, CEO of Sound Planning Group, breaks down Disney’s latest results, from adding Taylor Swift to building out ESPN, and why Bob Iger’s leadership is crucial.
Kevin Cohee, CEO and chairman of OneUnited Bank, discusses the power of financial literacy and how education and technology can help bridge the racial wealth gap.
Alex McGrath, Chief Investment Officer at NorthEnd Private Wealth, discusses why the A.I. hype can’t power the market forever and how to position investments in the current market.
