Fintechs founded by women are better investments, KPMG finds

Fintech firms with female founders are better investments.

That’s the conclusion from KPMG, which surveyed 91 financial-technology companies in the U.K., including nine where at least one founder was a woman. The report, published Friday, showed that firms with a female founder have more than double the internal rate of return on average than peers where the initial entrepreneurs were all male.

KPMG acknowledged some limitations to the study, saying one large female-founded firm, London-based Starling Bank Ltd., which has raised 233 million pounds (A$436 million), might skew the results. Still, it said the findings are important.

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Source: Female-Founded Fintechs Outperform All-Male Startups, KPMG Finds – Bloomberg