InvestXD: Putting women’s investment needs at the centre

InvestXD: Putting women’s investment needs at the centre

August 24, 2018    
InvestXD created a digital investment platform for women and youth

Understanding drivers of usage for financial products and services is important for (long-term) savings, as few youth and young adults save, and even fewer do so through formal financial services institutions. There is also a significant gender gap, as is the case with other financial products. The low uptake and usage of formal savings products are largely due to the current offering simply not being attractive, user-friendly and flexible enough to meet young adults’ needs. While many financial products are envisioned to be gender neutral in design, men and women do engage differently with financial products and services, and there is a need for the financial sector to acknowledge this in the design of their products.

InvestXD has developed a platform for long-term savings (in the form of investments) that targets young adults in Ghana. Through a mixed-method approach to analysing their unique collection of client data, they have uncovered specific investment preferences that women have, such as goal-setting. They are meeting these preferences in client-centric ways that deliberately play into the unique ways that women engage with financial services.


Download the case study Size 4MB

 

insight2impact was established by Cenfri and FinMark Trust. For more information, click here

Similar Articles
Exploring insurtech
Insurtech: An insurance ...
ZPOS: The potential of merchant data in improving credit access
DataHack4FI country winner discovering the prospect of using financial manageme...
How are African digital platforms shaping the economic development conversation?
Insights from an expert workshop on the potential of African digital platforms to influence development...