No Winner in Limiting Space for Women in Fintech – First Lady

Financial technology, commonly known as fintech, is regarded as one of the most forward-looking industries of the last decade. The industry has created a new paradigm for jobs and is expected to be worth $1.5 trillion by 2030.

However, the persistent gender gap in the FinTech sector remains concerning.

In Africa, only 3.2 percent of FinTech firms are owned by women, and globally, the figure is even lower, at 1.5 percent.

First Lady Jeannette Kagame said: “By limiting the space for women in finance and technology, we are not just failing women, but everyone.”

She made the remarks at the inaugural FinTech Forum during a session on, “Business Case for women in FinTech,” on June 21.

The session aimed at shading light on the importance of gender diversity and inclusion in the rapidly growing field of financial technology, unlocking innovation, driving economic growth, and promoting a more equitable society.

“For all the rapid progress we have, experiences and new knowledge we have acquired, an old problem has made its way on the train with us.”

For many women, she noted, occupying space in emerging markets is an uphill battle.

By Edwin Musoni | The New Times Kigali

https://allafrica.com/stories/202306220051.html#:~:text=First%20Lady%20Jeannette%20Kagame%20said,FinTech%2C%22%20on%20June%2021.