01 February 2023 |
S4 Ep6: The Fintech Entrepreneur Empowering Women Against Bro Culture
Michelle Tran is building a community, meeting fintech bro culture head on. Find out why she will no longer be talked over.
Michelle Tran is the Head of Enterprise Sales and SVP at Vestwell, a platform working to close the savings gap. She’s also the Founder of NYC Fintech Women and Dreamers // Doers, a collaboration and mentorship community.
Nicole and Michelle get into her inspiring family story of immigration in tough circumstances, why she’s determined to keep on giving back, and the aha moment when she found herself talked over at a pitch meeting, triggering her mission to create a supportive community and mentoring other women in fintech.
And if you love listening to Humans of Fintech, please leave me a 5-star review on Rate My Podcast: https://ratethispodcast.com/humansoffintech
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You can keep up-to-date with everything Humans of Fintech at https://workweek.com/brand/wtfintech/
02:29 The Quest For A Better Life
07:00 The Art Of Giving Back
11:21 Checking Those Family Boxes
14:02 That Aha Moment
17:29 Power To All The People
20:18 Looking At The End Game
22:28 Finding Your Fintech People
26:18 All About Visibility
36:14 What Is The Change You Want To Be?
Why Fintech Needs More Female Mentors
As a financial services professional in the fintech industry, it is important to recognize the need for female mentors. Fintech is a rapidly evolving industry that is still predominantly male-dominated, and having female mentors is crucial for fostering diversity, inclusivity, and growth. In this blog, we’ll explore why female mentors are important in fintech and how they can help shape the future of the industry.
Encouraging Gender Diversity
- One of the primary reasons why female mentors are important in fintech is that they help encourage gender diversity. According to a study by PwC, women only make up 19% of the fintech workforce. This gender imbalance can create a homogenous culture that can stifle innovation and limit opportunities for women. Female mentors can help break down these barriers by providing guidance, support, and role models for other women in the industry.
Providing Support and Guidance
- Female mentors can also provide much-needed support and guidance for women in fintech. They can offer advice on navigating the unique challenges that women face in a male-dominated industry, such as overcoming imposter syndrome, managing work-life balance, and negotiating salaries. Female mentors can also offer insight into their own experiences and share strategies for success that have worked for them.
- Another benefit of female mentors is that they can help foster a more inclusive culture within the fintech industry. Inclusive cultures are more innovative and productive because they encourage collaboration and diverse perspectives. Female mentors can help create a culture where everyone feels valued and included, regardless of their gender, race, or background.
Inspiring Future Leaders
- Finally, female mentors can inspire the next generation of female leaders in fintech. When women see other women in leadership roles, they are more likely to aspire to those positions themselves. Female mentors can serve as role models and help inspire young women to pursue careers in fintech, which can help increase gender diversity and drive innovation in the industry.
In conclusion, female mentors are critical to the success of the fintech industry. They help encourage gender diversity, provide support and guidance, foster inclusivity, and inspire future leaders. As a financial services professional, it’s important to seek out female mentors and serve as a mentor to other women in the industry. By working together, we can create a more diverse, inclusive, and innovative fintech industry.
And if you’ve enjoyed Humans of Fintech why not try: Chicks of FinTwit, Tech Unlocked, Breaking Banks or Fintech Insider