Aviva invests $10m in Feminine Innovators Lab Fund

Insurer Aviva has as of late (27 September 2022) introduced an funding of $10m (£8.6m) into the Anthemis Feminine Innovators Lab Fund.

This fund was once based in September 2019 and backs feminine marketers within the fintech business throughout the United Kingdom, Europe, Canada and america.

The insurer’s funding will in particular strengthen UK based totally fintech corporations which might be based by way of ladies.

Ben Luckett, leader innovation officer at Aviva, stated: “Feminine entrepeneurs lately lead simply 4% of UK tech startups and this wishes to switch.

“Running with the fund way greater than only a monetary contribution – we can have alternatives to spouse with, be told from and make investments at once in start-ups the place they could gain advantage Aviva and our consumers.

“We’re very excited to paintings along Anthemis and Barclays to lend a hand cut back gender inequality in monetary services and products.

The Feminine Innovators Fund is a technique we will be able to strengthen this untapped ability.”

Supporting ladies in generation

Aviva will transform a strategic spouse to the fund, which is the biggest feminine centered fintech fund of its kind. 

The fund may be anchored and co-founded by way of Barclays.

The fund deploys capital at once into cutting edge feminine led corporations inside the finance business and offers feminine entrepeneurs with get entry to to monetary and highbrow assets thru its community of advisors and professionals.

Aviva performs a number one position supporting feminine management and gender equality inside the monetary services and products sector.

As an example, Amanda Blanc, Aviva’s crew leader govt, is the Treasury’s Ladies in Finance Constitution Champion – chargeable for spearheading efforts to spice up gender range throughout UK Monetary Services and products.

Aviva additionally helps the United Kingdom Executive’s Making an investment in Ladies Code, which advances feminine marketers in the UK by way of bettering get entry to to equipment, assets and finance from the monetary services and products sector.

• Insurance coverage Instances has transformed greenback quantities into kilos the usage of an alternate charge of £1 = €1.16 which was once proper as of one August 2022.