This female fintech CEO just raised $18m — and others look set to follow suit

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This female fintech CEO just raised $18m — and others look set to follow suit
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Congrats SamSeatonMH!

“Underfunding is without a doubt an issue [for women]. Equally a lack of role models compounds the issue…I’m quite determined to do my bit,” Seaton told Sifted in an interview.

“I’ve never personally felt at a disadvantage, but you can’t ignore the data that tells you you’re at a disadvantage,” she added. The new funding comes from the investment vehicle of Sir Peter Wood, the founder of insurance giant Direct Line, and from existing investors including Nationwide Ventures.According to Dealroom, only 15 out of the 200+ UK fintech rounds have involved a female cofounder so far this year.In 2020, investment for female founders in UK fintech grew to $720m — representing 17% of total investment and an increase from 11% in 2019, according to Innovate Finance.

While still small, it marks some progress, and is at least proportionate to the ratio of female founders, which also stood at

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