Women and Investing: How to Start a Business

Investors’ Chronicle
Investors’ ChronicleMay 26, 2026

Why It Matters

Understanding these financing pathways and bias dynamics equips women founders with practical tools to launch regulated fintech firms, while prompting investors to reassess risk assumptions that limit capital allocation to female‑led ventures.

Key Takeaways

  • Identify funding routes: bootstrapping, debt, venture capital for fintech startups.
  • Women face subtle bias in VC questioning, focusing on risk mitigation.
  • Balancing business demands with personal responsibilities requires 24/7 commitment.
  • Structured limited company protects personal assets during fundraising and operations.
  • Building a network in the founder‑VC community accelerates fundraising success.

Summary

The Investors Chronicle podcast “Women and Wealth” hosts Felicia Herman, head of investment at challenger bank Monument, to discuss her transition from a senior role at Bailey Gifford to founding an investment platform aimed at democratising access to financial information for individual investors.

Herman outlines three primary financing routes for a regulated fintech venture: bootstrapping with personal savings or early revenue, debt financing (difficult before cash flow), and venture‑capital funding, which she pursued to raise the multi‑million pounds needed for regulatory compliance and product development. She also highlights the steep operational hurdles of building a secure, FCA‑approved platform.

She describes the experience as “the hardest thing I’ve ever done, but also the best,” noting the constant learning curve and the emotional high of helping a client finally understand a fund. Herman observes that female founders often receive more downside‑focused questions from investors, reflecting subconscious bias, while women VCs sometimes pose the most critical scrutiny.

The conversation underscores that structural choices—such as forming a limited company—shield personal wealth, and that a strong founder‑VC network can mitigate funding obstacles. For women entrepreneurs, confronting implicit risk‑aversion stereotypes and securing appropriate capital remain pivotal to scaling fintech solutions and narrowing the gender gap in investment leadership.

Original Description

Leaving the stability of a full-time job to become self-employed is a truly daunting decision. Gone is the safety net of a monthly pay cheque, and if you want to start your own company, the pressure can feel monumental. In this episode of Women and Wealth, funds editor Val Cipriani sits down with Felicia Hjertman, head of investments at Monument Bank and former founder of an investment platform, to dive into entrepreneurship and investing.
Felicia walks through everything from starting a business, the challenges of raising money as a woman, and the emotional and financial realities of managing, and then eventually closing, a company. The pair also discuss why many women can feel excluded from the world of investing, and offer solutions on how to navigate any apprehensions.
If you have any questions you’d like Val to answer, email womenandwealth@ft.com
Timestamps
00:00 Introduction
00:57 Starting a business
16:24 Fundraising
27:00 The gender investment gap
Women and Wealth is the monthly podcast series from Investors’ Chronicle. You can listen and watch the episodes, alongside our other podcasts, Acast, Apple, Spotify or YouTube.
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Investors' Chronicle has supported private investors in the UK for over 160 years by highlighting rewarding investment opportunities. Our award-winning expert writers research hundreds of companies and funds suitable for all risk appetites, to provide clear, independent recommendations for individual investors who want to make their money grow and outline how to make the most of different types of investment vehicles at all stages of your life.
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