SaaS startups with more female executives result in faster growth, according to research from Capchase.
The ‘SaaS Benchmark Report’ found that companies in the top quartile for annual recurring revenue (ARR) growth had 10% more female executives, compared to those in the bottom quartile.
It also found that the best-in-class companies achieved at least 80% ARR growth % + net margin %, hitting 110% or more at growth stage.
The research was conducted on the performance of SaaS businesses generating between $1m and $15m in ARR.
It also found that the fastest-growing companies are growing at twice the rate of their peers, with top and early growth stage businesses achieving ARR growth between 100% and 160%.
Capchase GM Europe Henrik Grim said, “It is very interesting to note the impact that greater diversity within startup teams can have on performance, with those in the top quartile for Annual Recurring Revenue (ARR) growth having 10% more female executives on average than companies in the bottom quartile.
“Capchase estimates that 15% of its financing to date has been extended to female and minority-led businesses – a significant increase compared to the limited funding these founders typically receive, and a statistic that we continue to look to improve.”
FinTech Global recently spoke to several successful women in senior positions in the FinTech industry about their careers, challenges they’ve encountered, and what can be done to achieve great gender equality. Read the article here.
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