Female Invest, a Y Combinator-backed fintech startup, is expanding to the US after raising $11.2 million. Check out its 12-slide pitch deck.

2024-07-29T07:00:02Z

Female Invest founders Anna-Sophie Harvitgsen, Emma Due Bitz, and Camilla Falkenberg

Marie Hald

Female Invest, a fintech startup, has raised $11.2 million in funding to expand operations.
Founded in 2019, the platform offers trading and investing education for women globally.
The company plans a US expansion and will integrate investment services with its platform.

Female Invest, a Y Combinator-backed fintech startup that encourages women to invest, has raised $11.2 million in funding.

Founded in 2019, the subscription-based platform offers articles, videos, and seminars on trading and investing. The company charges $13 monthly to use the platform and claims to have 73,000 paying users in 123 countries.

CEO Anna-Sophie Hartvigsen told Business Insider that there was “there’s a big pull from the market for this product.”

“We target women specifically because they are falling financially behind globally, not just because they earn less but invest less,” she added.

In 2022, the company acquired investment platform Gaia Trading. Hartvigsen said integrating this will allow Female Invest to offer investment services to its users alongside its education platform.

“We’ve grown and scaled the company a lot, integrating a trading license and its tech so that we can go live with trading next year,” Hartvigsen added.

Based in Copenhagen and London, Female Invest is set to expand its operations to the US with the proceeds of its latest fundraise and will begin to explore a soft launch there in early 2025, Hartvigsen added.

Female Invest’s funding comes in the form of a $10.2 million equity funding round, led by Educapital, Europe’s largest education tech-only fund, and social impact investor Rubio.

“We started fundraising in Q1 and expected it would go super fast because we knew our numbers were so good, and we’d kept our burn rate the same for two years,” Hartvigsen said.

“It took longer than we thought as it’s a pretty tough time to raise at the moment and we were also quite picky with who we wanted to take on board,” she added.

The company also secured $1 million through a crowdfunding campaign.

Female Invest will look to double its team of 35 staff over the next year to 18 months, Hartvigsen added.

Check out Female Invest’s 12-slide pitch deck below.