Female Founders Lose Out on Capital Piling Into Fintechs (1)

As a record amount of venture capital flows into the fintech industry, female entrepreneurs are lagging behind their male counterparts in attracting funding.

Firms with only female founders accounted for 3.8% of fintechs that attracted capital this year through October in the U.S., but drew proportionately less funding -- just 0.9% of the total money raised by such companies, according to Crunchbase Inc., which provides data, tools and research on private companies.

With financial-technology firms raising a record $16.9 billion in the first three quarters of 2020 -- up 20% from a year earlier, according to Crunchbase -- companies ...