Women less likely to invest – but make (much) larger investments than men

Women are much less likely to invest in fintech and alternative lending than men, according to a new survey by European P2P platform Robo.cash.

However, when they do invest, their average investments are a massive 42 per cent higher than their male counterparts.

In a recent analysis of its users, Robo.cash found that just eight per cent of its investors are women. Despite this, women hold 12 per cent of the investment volume on the site, and place 42 per cent more than men.

The average investment among men is €1,900 (£1,706) while the average female investor deposits €2,700 at a time.

The platform also found that women start investing later in life – the average age of a first-time female investor is 44, compared with an average age of 37 among men.

Analysts at Robo.cash suggested that the different investment patterns could be explained by the gender gap.

“The reason why women shy away from investments can be explained by lack of money which is available to be invested and exposed to risks, that is partially caused by the gender pay gap and the necessity to manage household finance and lack of knowledge of the finance market,” said the analysts.

“However, as women are growing experienced and aware of the opportunities, they are getting more involved in the financial industry and catching up with male counterparts in their 30s and 40s.”

Also published on Medium.

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Kathryn Gaw

Kathryn Gaw is a financial journalist based in Belfast, Northern Ireland. She has been writing about personal finance and investment trends for more than a decade, and her work has been featured in the Financial Times, City A.M., the Press Association, and The Irish Independent, among many other publications.

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