In a bid to tackle the gender investment gap, Hamsa App has positioned itself as a “no-nonsense” investment tool to bring financial freedom and confidence to women globally.
Hamsa is building a subscription-based investment tool designed with women in mind.
The company will offer one investment product – shares of the Top 500 global companies (ETF).
Hamsa’s app is designed to empower the user to build investing habits over time through regular payments and a supportive community anyone can join.
Although their financial power increases year over year, Hamsa said 70% of women still choose to keep their savings in cash in a male-dominated investing world.
Moreover, the company believes that women have been under-served by the financial industry long enough and deserve to have a tool that allows them to unlock their financial potential.
The company added that it’s a proven fact that when women do invest, they do it more responsibly and long-term and therefore there needs to be a solution fit for female psychology and behaviour.
Oksana Sivokobilska, founder of Hamsa, said, “Working in senior banking positions for over 24 years has given me a deep understanding of the financial challenges women face and the clear gaps in products being offered to them. Most do not invest as high commissions, unclear products and hidden costs create uncertainty, allowing inflation to eat away at their cash savings.”
Earlier this year, CNote, a women-led impact platform on a mission to close the wealth gap, has raised $7.25m in its oversubscribed Series A round.
CNote was co-founded by Catherine Berman and Yuliya Tarasava. Through technology and a community-first framework, CNote enables corporations, institutions and individuals to efficiently invest at scale in fixed-income and time deposit products that advance economic equality, racial justice, gender equality and climate change adaptation.
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