Sweden is the famous home to several infamous tech giants and unicorns such as iZettle, Bambora and Spotify. It is also very well known for ranking very highly when it comes to gender equality. Yet, for some reason, there is a mismatch between these two facts and in fields such as FinTech women are still greatly under-represented. A 2018 FinTech report by Stockholm School of Economics found only 38% of employees in the FinTech sector in Stockholm are women.For women working in tech, this gender imbalance could mean you hear stories from friends feeling over-explained to or underestimated. However, if you are unlucky, it could mean that you have experienced the gender imbalance yourself. There is still a long way to go. Gender bias and inequality is something we have all felt at some point, through a comment about the way we dress or when we look around at some of our teams and see an over-representation of either gender.
This is why Instantor is powering Women In FinTech – an initiative with a mission to make a real and lasting impact on equal gender representation in FinTech. Women In FinTech intends to tackle international problems encountered by women in the sector.
On a Mission to Promote a More Inclusive and Supportive FinTech Environment
Women In FinTech is born under the leadership of Raiha Buchanan and Helene S. Westerlund, CMO and CTO at Instantor respectively; two inspirational women with a sound record in the industry, locally and internationally.
“Women have made tremendous progress in breaking through the glass ceiling. However, within tech, and especially in FinTech, there is still considerable room for us to continue to improve. At the same time, FinTech is playing a pivotal role in shaping the financial industry landscape, but the growth of this industry will remain unfulfilled unless diversity is prioritised,” comments Raiha Buchanan, CMO at Instantor and Co-Founder of Women In FinTech.
Women In FinTech welcomes women from all levels of seniority, countries, sectors and disciplines interested in finance. The initiative had its first lunch meeting earlier in March, but aspires to go beyond mere inspiration and aims to support women to achieve their ambitions within FinTech – in Sweden and internationally.
Women in FinTech will host bi-monthly meet-ups to provide a platform to connect women in FinTech. The platform will facilitate women sharing tips on becoming even more successful in a male-dominated industry, collaborating across companies and provide women with perspectives outside of their own company.
We look forward to seeing you there!