Wunderman Thompson launches platform to champion women-owned businesses
Wunderman Thompson has launched a global database of women and non-binary owned businesses to help tackle the gender inequality in the economy
21 July 2021
Called Fund Femme, the initiative is designed to address the fact that despite making up 50 per cent of the population and having 80 per cent of spending power, women represent only 33 per cent of business owners.
Moreover COVID-19 has dealt a further blow to femme-owned business with women-founded start-ups receiving 27 percent less funding.
The Fund Femme platform – at www.fundfemme.com - allows consumers to discover, and shop from, women and non-binary business owners across beauty, fashion, food, homeware, technology, health and wellness, travel, fitness, arts and culture, media and charities. Users can filter based on category, location or through tags that business have added to identify themselves.
A core part of the platform’s mission is to celebrate and promote femme founders, tell their stories and establish support networks for business owners via an editorial hub on the website and designated Instagram @FundFemme.
Oriel Irvine Wells, Co-Founder of Fund Femme and Copywriter at Wunderman Thompson UK said: “Our economy does not represent us, and that needs to change. By giving businesses owned by women and non-binary people a platform, we hope to make people more aware of the many amazing founders out there who are often overlooked. By thinking more about who we support when we spend our money and changing our shopping habits to reflect this, we can create genuine, long-lasting change and bring our economy back into balance.
Rebecca Dallimore, Founder and Owner of skincare brand Scintilla said, “Following my passion for sustainability and skincare to start my own business was one of the scariest but most rewarding things I’ve ever done. Being a female founder of a small business comes with its own challenges but equally feels like a community. Being a part of directories like Fund Femme not only helps promote our businesses but gives us a valuable network of connections that can be a huge source of support and inspiration”.
Pip Hulbert, UK CEO of Wunderman Thompson added, “Only 3 per cent of Venture Capitalist funding currently goes to women owned businesses despite the fact they deliver higher revenue on average. That’s an imbalance that needs to change. We know the reasons why, I could reel off stats all day about the benefits of a balanced, representative economy.
"My hope is that Fund Femme, an initiative born from a group of smart, ambitious and passionate women, can be a part of that change, providing a platform for underrepresented businesses to flourish. I’d urge everyone to think about the businesses you know that can join the movement, and how you use your spending power moving forward. Every pound plays a role in shifting the scale.”