In Europe, men have 24% more wealth than women on average and the US women only own 0.32 cents for every dollar that men own. The financial gender gap is real. There’s a significant gap in not only the wealth and pay gaps but also in the investment gap eventually leading to a significant gap in pensions. At the current rate of progress, it is estimated that, it will take 169 years to reach full financial gender parity.

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Research from the EIB shows the potential of gender lens investing. Women-led enterprises often exhibit lower risk profiles, higher repayment rates, and greater customer loyalty. Investing in women lays the foundation for more inclusive economic growth and stronger, more stable communities. Finally, women drive climate action and contribute to better governance. Companies with at least 30% of women on boards earn higher environmental, social and governance scores. Investing in the financial, economic and entrepreneurial growth and resilience of women will reap immense benefits. 

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Cognisant of the financial gender gap and the potential of investing towards the growth of women, Rubio Impact Ventures has invested in Female-invest. 

 

Female Invest is on a mission to close the gender wealth gap with their financial platform and community. They want to improve financial literacy of women, ensuring that they become more independent and reduce vulnerabiity. Female Invest itself is a female founded company founded in Denmark and all founders become the first women from Nordics to join Ycombinator. 

 

This investment from Rubio is part of their PeoplePower theme aligning with SDG 4. Alongside fellow investors, they plan to scale Female Invest into the UK and US. 

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Read more about gender-lens investing here.

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Watch a webinar on investing in gender and climate by the UK NAB here.