GITNUXREPORT 2025

Diversity, Equity, And Inclusion In The Fintech Industry Statistics

Fintech industry struggles with diversity but shows notable DEI progress.

Jannik Linder

Co-Founder of Gitnux, specialized in content and tech since 2016.

First published: April 29, 2025

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Companies with higher diversity scores are 35% more likely to outperform less diverse competitors

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60% of fintechs express a desire to improve diversity within their organizations

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40% of fintech firms have no formal diversity, equity, and inclusion (DEI) programs

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82% of fintech employees believe their workplace is becoming more diverse

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35% of fintech employers have implemented unconscious bias training

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Women are 3 times more likely than men to leave fintech organizations due to lack of advancement opportunities

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47% of fintech employees report that their companies lack diverse hiring practices

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The average age of fintech employees from diverse backgrounds is 29, indicating a young demographic

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38% of fintech firms have diversity targets that are not publicly disclosed

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Initiatives like mentorship programs have increased the retention of women in fintech by 20%

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The number of fintech firms with dedicated DEI officers increased by 42% between 2020 and 2023

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65% of fintech employees believe improved DEI policies lead to better innovation

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50% of fintech companies report that their diversity efforts are hampered by limited resources

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42% of fintech employees think their leadership needs to be more representative of their workforce

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85% of minority employees in fintech feel their workplace could do more to support diversity

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39% of financial institutions have publicly disclosed DEI goals, compared to 12% in 2018

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78% of fintech companies report that diversity is a key component of their corporate strategy

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The gender pay gap in fintech is estimated at 17%, which is slightly higher than the overall financial services sector

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22% of fintech startups have conducted formal DEI audits in the past year

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41% of fintechs provide diversity and inclusion training to all employees

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48% of minority fintech employees report a lack of mentorship opportunities

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23% of fintech firms have a dedicated diversity department or team

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61% of fintech executives believe DEI initiatives are critical to long-term growth

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69% of fintech employees say that leadership diversity influences company innovation

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80% of surveyed fintech companies have set specific DEI-related KPIs

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52% of fintech organizations have experienced backlash or challenges when implementing DEI initiatives

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The use of AI and data analytics to monitor bias in hiring increased by 30% in fintech from 2021 to 2023

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37% of fintech firms have partnerships with organizations focused on promoting diversity in tech

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Financial literacy programs targeted at underrepresented groups in fintech increased by 20% from 2020 to 2023

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65% of fintech companies offer flexible work arrangements to promote inclusion

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Less than 15% of venture capital funding in fintech is allocated to women-led startups

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There has been a 25% increase in fintech investments targeting underrepresented entrepreneurs from 2020 to 2023

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Less than 10% of fintech venture capital funding is dedicated explicitly to DEI-focused startups

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Only 22% of fintech products are designed with diverse user groups in mind

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The percentage of fintech products that incorporate accessibility features has risen to 35%, up from 20% in 2020

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88% of fintech firms recognize the importance of inclusive product design

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54% of fintech startups report that customer feedback from diverse groups has influenced product development

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Women make up approximately 25% of fintech leadership roles worldwide

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45% of fintech companies reported having no women in executive positions

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Minority representation in fintech executive roles is below 10%

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Only 28% of fintech employees are from underrepresented ethnic backgrounds

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Women of color hold less than 5% of leadership positions in fintech

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The percentage of fintech startups founded by women increased by 15% from 2020 to 2023

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African Americans and Latin Americans are underrepresented in fintech leadership, accounting for less than 8% combined

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Minority women are 2.5 times less likely to be promoted in fintech compared to majority group men

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Minority-led fintech startups received 12% of total funding in 2023, an increase from 8% in 2020

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Women’s participation in fintech pitch competitions increased by 15% between 2020 and 2023

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70% of women in fintech report experiencing gender bias at work

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54% of fintech employees believe they have been passed over for promotions due to bias

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55% of fintech employees from marginalized groups feel their workplace is actively inclusive

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The average tenure of minority employees in fintech is 3.2 years, indicating high turnover

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Key Highlights

Women make up approximately 25% of fintech leadership roles worldwide
45% of fintech companies reported having no women in executive positions
Minority representation in fintech executive roles is below 10%
Only 28% of fintech employees are from underrepresented ethnic backgrounds
60% of fintechs express a desire to improve diversity within their organizations
70% of women in fintech report experiencing gender bias at work
Women of color hold less than 5% of leadership positions in fintech
40% of fintech firms have no formal diversity, equity, and inclusion (DEI) programs
The percentage of fintech startups founded by women increased by 15% from 2020 to 2023
82% of fintech employees believe their workplace is becoming more diverse
African Americans and Latin Americans are underrepresented in fintech leadership, accounting for less than 8% combined
Only 22% of fintech products are designed with diverse user groups in mind
54% of fintech employees believe they have been passed over for promotions due to bias

Despite significant strides in recognizing the importance of Diversity, Equity, and Inclusion, women and minorities remain severely underrepresented in fintech leadership and innovative decision-making roles, with only a fraction of funding and initiatives translating into impactful change in the industry.

Diversity

Companies with higher diversity scores are 35% more likely to outperform less diverse competitors

Diversity Interpretation

Diversity isn't just a moral imperative in fintech; it's a 35% performance booster—proof that embracing all voices can unlock greater innovation and success.

Diversity, Equity, and Inclusion Initiatives

60% of fintechs express a desire to improve diversity within their organizations
40% of fintech firms have no formal diversity, equity, and inclusion (DEI) programs
82% of fintech employees believe their workplace is becoming more diverse
35% of fintech employers have implemented unconscious bias training
Women are 3 times more likely than men to leave fintech organizations due to lack of advancement opportunities
47% of fintech employees report that their companies lack diverse hiring practices
The average age of fintech employees from diverse backgrounds is 29, indicating a young demographic
38% of fintech firms have diversity targets that are not publicly disclosed
Initiatives like mentorship programs have increased the retention of women in fintech by 20%
The number of fintech firms with dedicated DEI officers increased by 42% between 2020 and 2023
65% of fintech employees believe improved DEI policies lead to better innovation
50% of fintech companies report that their diversity efforts are hampered by limited resources
42% of fintech employees think their leadership needs to be more representative of their workforce
85% of minority employees in fintech feel their workplace could do more to support diversity
39% of financial institutions have publicly disclosed DEI goals, compared to 12% in 2018
78% of fintech companies report that diversity is a key component of their corporate strategy
The gender pay gap in fintech is estimated at 17%, which is slightly higher than the overall financial services sector
22% of fintech startups have conducted formal DEI audits in the past year
41% of fintechs provide diversity and inclusion training to all employees
48% of minority fintech employees report a lack of mentorship opportunities
23% of fintech firms have a dedicated diversity department or team
61% of fintech executives believe DEI initiatives are critical to long-term growth
69% of fintech employees say that leadership diversity influences company innovation
80% of surveyed fintech companies have set specific DEI-related KPIs
52% of fintech organizations have experienced backlash or challenges when implementing DEI initiatives
The use of AI and data analytics to monitor bias in hiring increased by 30% in fintech from 2021 to 2023
37% of fintech firms have partnerships with organizations focused on promoting diversity in tech
Financial literacy programs targeted at underrepresented groups in fintech increased by 20% from 2020 to 2023
65% of fintech companies offer flexible work arrangements to promote inclusion

Diversity, Equity, and Inclusion Initiatives Interpretation

Despite a growing acknowledgment that diversity fuels innovation—evidenced by 82% of fintech employees perceiving increasing inclusion—the industry’s persistent gaps, such as only 35% adopting unconscious bias training and women being thrice more likely to leave due to lack of advancement, reveal that fintech’s journey toward meaningful equity remains an ongoing challenge requiring better resource allocation and transparent accountability.

Funding and Investment Trends in Fintech

Less than 15% of venture capital funding in fintech is allocated to women-led startups
There has been a 25% increase in fintech investments targeting underrepresented entrepreneurs from 2020 to 2023
Less than 10% of fintech venture capital funding is dedicated explicitly to DEI-focused startups

Funding and Investment Trends in Fintech Interpretation

Despite a notable 25% surge in fintech investments supporting underrepresented entrepreneurs from 2020 to 2023, the persistent under-15% funding for women-led startups and sub-10% dedicated explicitly to DEI-focused ventures reveal that the industry’s journey toward true inclusivity still has significant ground to cover.

Product Development and Customer Inclusion

Only 22% of fintech products are designed with diverse user groups in mind
The percentage of fintech products that incorporate accessibility features has risen to 35%, up from 20% in 2020
88% of fintech firms recognize the importance of inclusive product design
54% of fintech startups report that customer feedback from diverse groups has influenced product development

Product Development and Customer Inclusion Interpretation

Despite growing acknowledgment—88% of fintech firms recognizing inclusive design's importance and over half integrating diverse feedback—the fact that only 22% of products are tailored for diverse users highlights a digital diversity gap still waiting to be bridged.

Representation and Leadership in Fintech

Women make up approximately 25% of fintech leadership roles worldwide
45% of fintech companies reported having no women in executive positions
Minority representation in fintech executive roles is below 10%
Only 28% of fintech employees are from underrepresented ethnic backgrounds
Women of color hold less than 5% of leadership positions in fintech
The percentage of fintech startups founded by women increased by 15% from 2020 to 2023
African Americans and Latin Americans are underrepresented in fintech leadership, accounting for less than 8% combined
Minority women are 2.5 times less likely to be promoted in fintech compared to majority group men
Minority-led fintech startups received 12% of total funding in 2023, an increase from 8% in 2020
Women’s participation in fintech pitch competitions increased by 15% between 2020 and 2023

Representation and Leadership in Fintech Interpretation

Despite a noticeable uptick in women-led fintech startups and participation in pitch competitions, the industry's persistent underrepresentation of women—especially women of color and minorities—underscores that diversity, equity, and inclusion remain unfinished business in the financial technology landscape.

Workplace Culture and Employee Experience

70% of women in fintech report experiencing gender bias at work
54% of fintech employees believe they have been passed over for promotions due to bias
55% of fintech employees from marginalized groups feel their workplace is actively inclusive
The average tenure of minority employees in fintech is 3.2 years, indicating high turnover

Workplace Culture and Employee Experience Interpretation

These statistics reveal that despite the fintech industry's progressive rhetoric, entrenched gender biases and exclusionary practices are fueling high turnover among minorities and women, underscoring the urgent need for genuine workplace inclusivity rather than symbolic policies.