Ayesha ofori, former wealth adviser at Goldman Sachs is making significant efforts to close the gender gap in investment, currently estimated at £759 billion (£567 billion).
She unveiled on Wednesday Propelle, a new app-based platform that empowers women by empowering them to build wealth and invest.
Ofori wants to help close the gender gap in investing, with men owning over PS1 trillion and women only PS450 billion.
Propelle will revolutionize the way women invest by providing access to a variety of options including funds offered by reputable institutions such as HSBC Vanguard and BlackRock.
So far, PS1.2 Million has been funded
Ofori’s startup has received funding of approximately $100,000, including PS1.2 million from Google.
Stefan Bollinger is the Chief Executive Officer of Julius Baer and Lucy Demery is a Managing director at Barclays.
Ofori was promoted as executive director at Goldman Sachs after earning the trust of his clients, who invested over PS500,000,000 of their own money.
The situation was going well. “I hit the half-billion-dollar threshold, which is what they say you should aim for. She told CNBC that she had passed the threshold.
Ofori, who was successful, chose to leave her financial firm, saying that it had grown monotonous for her and she felt her purpose diminished.
Women’s challenges to wealth building
Ofori highlights that the gender gap in investment is just one part of a larger issue.
Women invest significantly less than men, despite the fact that they tend to live on average longer.
Digital platforms also fail to offer investments that are appealing to or easily accessible by women.
Boring Money is a UK-based firm that conducts financial research. According to Boring Money’s findings, the gap between men and women in terms of investment grew another PS54 billion over the twelve months prior to January 2024.
In addition, statistics on the pay and pension gaps between men and women are alarming in Great Britain.
According to a report by the British Union Prospect, the pay gap between men and women was 14.9%. The gender pension gap in 2022 would be even greater at 37.9%.
Propelle also discovered that there were 3.3 million fewer female investors in the UK than men. This is because many women confuse investing with leaving their money in a Individual Savings Account.
Ayesha ofori was motivated by these troubling statistics to quit her high-profile role with Goldman Sachs to empower women towards financial independence.
She stated, “I would like to see women achieve financial freedom,” on CNBC Make It. This demonstrates her dedication to closing the gender gap in investment and changing the financial landscape of women in Britain.
As new information becomes available, this post may change.
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