Arrow

Female-led ethical fintech Verve raises $3M for Verve Money

21 July, 2023
Female-led ethical fintech Verve raises $3M for Verve Money | News | Pause Awards
George Hedon, founder and CEO, Pause Fest & Awards
George Hedon
21 July, 2023
Share

Verve, a multi-award-winning, female-focused fintech, just wrapped up a $3M pre-Series A funding round. Empowering women’s finances has never been more promising, especially with Verve’s latest brainchild, Verve Money.

Riding high on a wave of recognition and success, Verve, a multi-year award winner at the Pause Awards, is not hitting pause on its mission to ignite financial power for women. The acclaimed fintech, co-founded by Christina Hobbs, Alex Andrews, and Zoe Lamont, recently scooped up two prestigious awards in 2022: You’ve Got Ethics (Grand Prix) and Going Green. Now, they’re continuing their winning streak with a $3 million pre-Series A funding round that’s set to turbocharge their services.

We had a grand vision and were desperate to bring it to life. It’s incredibly encouraging that impact-focused investors quickly got behind us.

Christina Hobbs, CEO at Verve

Verve has been making waves in the financial world, earning a reputation for its women-centric approach. Just recently, it completed a robust funding round backed by Alberts, an impact-focused family office. The round was anticipated to be a challenging journey, yet, with investors rallying behind the cause, it closed early – a testament to the faith in Verve’s vision.

Christina Hobbs, Verve’s CEO, shared her relief and excitement, stating, “We had a grand vision and were desperate to bring it to life. It’s incredibly encouraging that impact-focused investors quickly got behind us.”

In 2019, Verve embarked on its mission to bridge the gender wealth gap, targeting the superannuation savings disparity between men and women. Flash forward to the present, and Verve is gearing up to broaden its women-focused services. Their latest venture, ‘Verve Money’, is a cutting-edge ethical investment platform specifically designed for women. With a focus on ethically curated portfolios and a minimum 20% investment in climate solutions, it aligns perfectly with their Going Green ethos.

Verve is proud to have attracted close to 9,000 members across its two products, Verve Super and Verve Money, and has built a community of over 25,000 members. The recent $3 million funding will be channelled towards the expansion of the Verve Money platform and growth in membership.

While the majority of its investors are women, Verve is thrilled to see its product resonating with men and non-binary individuals. The company’s goal is to foster a broad community of ethical investors who use the power of their money to effect change in the world.

Verve’s progress shines a light on the path towards financial services innovation, championing women investors in Australia and beyond. In an ever-evolving financial landscape, Verve’s steadfast commitment to economic equality and ethical investment is a powerful reminder of how finance can be harnessed for wealth creation and a better world.

News Entrepreneurs Founders Growth People Venture Capital
Get your ticket to electric Pause Awards Night 2024 & Afterparty
Get tickets
Pause Awards 2023
Ticker news is coming to Pause Awards Night 2024
Learn more
Ticker News
Pause Awards Night: the community of champs
Watch now
Pause Awards Night

Related posts

view more

Pause index

Mr Yum | Pause Awards Winner

Mr Yum

Hammer, Work Sweet Work, Defiant Ones
Grand Prix
Providoor | Pause Awards Winner

Providoor

I Wish I'd Done That
Grand Prix

Great Wrap

Defiant Ones, I Wish I'd Done That, Going Green
Chau Le Group Manager of Strategy and E-Mobility, Origin Energy

Chau Le

Women In Business
Hungry Hungry | Pause Awards Winner

Hungry Hungry

Unexpected Twist
Circle In — Pause Awards 2022

Circle In

Circular Pioneer
ettitude | Pause Awards Winner

ettitude

Going Green
Slyp | Pause Awards Winner

Slyp

I Wish I'd Done That

STEM Punks

Out Of The Garage
Jasmine Batra, Arrow Digital

Jasmine Batra

Future Builder
WeVolt

WeVolt

Culture Champion
Nick Hudson | Pause Awards Winner

Nick Hudson

Super Connector
View all

See who won in 2023

Read more
Drag

Category tracks

The Culture track seeks entries that exemplify the development of an inclusive and collaborative workplace culture, crucial for organisational success and growth. Submissions should illustrate transformative strategies implemented across core business functions, reflecting expertise, leadership, and a clear vision. These strategies should demonstrate a positive impact on the business, its employees, stakeholders, and customers, showcasing how a nurturing culture contributes to overall growth and innovation.

The Excellence track celebrates businesses that have demonstrated remarkable success and impact within their industry, regardless of their size. Entries for this category should illustrate how the business's strategic execution, guided by visionary leadership and exceptional expertise, has significantly influenced the industry. The focus will be on the tangible outcomes of these strategies, highlighting the company's ability to innovate, lead, and leave a lasting impression in its field.

The Good track is focused on recognising companies dedicated to their mission of creating a positive societal impact. Entries should highlight innovative solutions aimed at addressing global challenges such as environmental sustainability, social equity, and community well-being. Successful submissions will demonstrate how their initiatives contribute to significant changes, tackling issues like gender inequality, social imbalance, and injustice, thereby setting a precedent for responsible and impactful business practices.

Awarded to a single entry in a category, Grand Prix is the top accolade in that category. To win the Grand Prix, the entire Judging Board must unanimously agree that the entry deserves the accolade of being the best in that category.

The Growth track is about showcasing how businesses have enhanced productivity and execution to make a significant impact in their market. Entries should highlight innovative strategies that have optimised the customer journey, leading to increased engagement and commercial success. This track is for those who have effectively used their understanding of the market and customer needs to scale their business and achieve notable growth.

The Operators track seeks entries that showcase leadership in fostering innovation within their ecosystems. Ideal submissions will highlight how your initiatives have catalysed the creation of new products or services, bolstered by a culture that uplifts internal teams and the wider community. This track celebrates those who drive progress by empowering voices and forging transformative connections in their industry.

Categories

  • Always Evolving New

    Acknowledges a culture of continuous learning and improvement within a company, encourages employee development, and always looks for ways to optimise and innovate operations.

  • Big & Mighty Culture New

    Recognises companies (51-1000 employees) for their exceptional efforts in cultivating a culture that champions innovation.

  • Diverse Co.

    Celebrates workplaces dedicated to fostering innovation through a vibrant tapestry of diverse talents and perspectives.

  • Small & Mighty Culture New

    Applauds small teams of fewer than 50 employees for their remarkable ability to foster innovation and set new benchmarks in their domain.

  • Work Sweet Work

    Acknowledges companies that have achieved extraordinary employee engagement, satisfaction, and retention, creating an exemplary workplace culture.

  • Company of the Year

    Honours an outstanding company that not only showcases exemplary leadership and resilience but also demonstrates a clear, quantifiable impact over the past year.

  • Customer Obsessed New

    Applauds prioritisation, understanding and meeting the needs and expectations of their customers, including feedback, personalised services and ensuring high satisfaction.

  • Defiant Ones

    Recognises firms that lead technological innovation, setting new standards and defining the future of their industries.

  • Hammer

    Celebrates companies that have not only defined success on their own terms but have also concretely demonstrated their triumphs over the past year.

  • I Wish I'd Done That

    Applauds ingenious, simple solutions in niche markets that spark a universal sentiment of admiration.

  • On the Rise

    Celebrates early-stage startups, under 4 years, that have shown remarkable progress and success in their initial years.

  • Prodigy

    Recognises young visionaries under 30 with outstanding talents and achievements, setting them apart in their fields.

  • Singularity

    Highlights AI-driven companies that are pioneering new services or integrating AI to create innovative products.

  • Women in Business

    Celebrates female entrepreneurs and leaders who are forging paths for future generations by creating more equitable opportunities.

  • B-Good

    Recognises businesses that redefine commercial success by positively transforming our economic system for the benefit of all stakeholders.

  • Circular Pioneer

    Celebrates companies at the forefront of circular economy practices, making substantial and sustainable differences.

  • Ethical Leadership New

    Commends companies exemplifying leadership in environmental and social governance, setting standards in corporate responsibility and ethical practices.

  • Going Green

    Acknowledges companies leading large-scale sustainable initiatives, addressing critical areas like clean energy and environmental justice.

  • Collab New

    Honours strategic partnerships and alliances with other businesses to leverage complementary strengths, access new markets, and share resources for synergistic growth and innovation.

  • Design First

    Celebrates companies where design is the heartbeat of innovation, engaging the whole team in crafting groundbreaking products.

  • Going Global New

    Applauds companies that have expanded their reach globally, showcasing exceptional growth and international success.

  • Great Pivot

    Acknowledges companies that adeptly navigate change, leveraging insights to pivot towards delivering outstanding products.

  • Movement

    Recognises unforgettable event experiences that resonate emotionally, drive social change, or achieve viral status.

  • New Model

    Honours businesses revolutionising markets with elegant and disruptive business models.

  • Next Level New

    Applauds companies which had successful strategic acquisition and integration of another entity, staff or an asset that allowed them to further grow and scale their services.

  • Wildfire

    Celebrates companies that have rapidly and significantly impacted their marketplace, online and offline, setting new standards for success.

  • Angel

    Honours visionary angel investors who've significantly contributed to early-stage startups, guiding them toward success.

  • C-Suite

    Recognises exceptional leadership qualities in high-ranking executives, showcasing their management and interpersonal excellence.

  • Creative Maverick New

    Honours unconventional thinkers with exceptional abilities to execute typically unimaginable initiatives, expertly coordinate teams, secure funding or successfully launch multiple ventures.

  • Ecosystem Star

    Celebrates individuals who energise and nurture their communities, fostering engagement and advocacy.

  • Future Builder

    Recognises the determination and resilience of founders who've embarked on the challenging journey of starting their own ventures.

  • Quiet Achiever New

    Applauds the unsung heroes whose behind-the-scenes efforts have led to flawless project executions and exceeded expectations.

  • Splash Down Under New

    Acknowledges international companies making a noteworthy entrance into the Australian market, enriching the local business ecosystem.

  • TopCoder

    Recognises developers for their outstanding technical skills, clean code, and collaborative spirit.

  • Venture Cap

    Salutes venture capital firms with a track record of backing transformative businesses, contributing significantly to Australia's economic growth.

  • Visionary New

    Recognises effective leadership by setting a clear vision, motivating the team, and making strategic decisions that guide their business towards its goals.

Pause Awards Night & Afterparty is in:
00d : 00h : 00m : 00s
Get tickets