#633
The $113 Trillion Design Problem
Published:
Mar 14, 2026
Author:
Sarah Parsons Wolter
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The next seismic shift in finance may not come from a new asset class or breakthrough technology. It may come from who controls the capital.
According to new research from HSBC, women are expected to control roughly $113t in global wealth in the coming years as assets transfer through inheritance, entrepreneurship, and rising lifetime earnings. That would represent close to 40% of the world’s investable assets, making it one of the largest redistributions of financial power in modern history. Yet the financial system they are inheriting was largely designed around a very different client.
In reality, many women manage financial lives that are more layered than the industry tends to assume. Career paths often intersect with caregiving, planning horizons stretch longer due to longevity, and financial decisions frequently span multiple generations alongside philanthropic priorities.
So when roughly 70% of women say they want financial advice that evolves with different life stages, yet fewer than half feel adequately supported, the problem begins to look less like a literacy gap and more like a product design failure. In fact, some research suggests more than half of women’s assets today remain outside formal advisory relationships.
$113t is moving. The question is who actually builds for the investor holding it.
Portfolio News
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AI personal injury company Mighty emerges from stealth with AI Agent for plaintiffs -AI agents are beginning to negotiate with each other in insurance claims. A new example from portfolio company Mighty suggests the claims process could move from lawyers and adjusters to automated AI-to-AI settlement. Read more
The $113 Trillion Design Problem
Women’s $113 Trillion wealth shift tests fintech - For years, fintech and wealthtech platforms have promised personalization at scale — robo-advisors, dynamic dashboards, AI copilots and behavioral nudges. But HSBC’s data suggests personalization still isn’t translating into applied decision-making for many women. Read more
How women are reshaping the face of wealth - Female investors aren’t new, but their influence is accelerating. McKinsey finds women’s wealth grew 51% versus 43% globally since 2018 and could control 40–45% of retail assets in the US and Europe by 2030. Read more
Industry News
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Five-minute bets are the new craze sweeping crypto markets - Five-minute crypto bets are booming on prediction markets like Polymarket and Kalshi, drawing retail traders chasing quick wins while creating arbitrage opportunities for high-frequency firms. Read more
Gen Z’s ‘financial nihilism’ finds outlet in prediction bets, crypto - Survey finds many Gen Z investors feeling financially behind amid housing costs, debt, and weak job prospects are turning to speculative bets like prediction markets, sports gambling, and crypto - hoping to hit it big. Read more
Fintech Airwallex earmarks $1.1b for European expansion - Cross-border payments company Airwallex plans to invest $1.135b to expand across Europe over the next five years after a decade of growth in Asia-Pacific. The fintech company, which was founded in Australia in 2015, runs a financial platform that uses artificial intelligence to help businesses manage multicurrency accounts, process international payments, and run invoicing and expense systems. Read more
Revolut secures full UK banking licence after four-year wait - Revolut has finally secured a full UK banking licence from the Bank of England’s Prudential Regulation Authority. The approval enables Europe’s most valuable fintech to lend at scale in its home market and introduce a full suite of banking products to its 13m UK customers. Read more
Tokenized stocks are coming to a market near you: five things to know - Wall Street firms are in a race to transform stocks and other traditional assets into digital tokens using the technology that underpins bitcoin and other cryptocurrencies. Crypto proponents say tokenized stocks can be a game-changer, offering 24/7 trading and the chance to own fractions of shares that might come with eye-watering prices. Read more
Nasdaq partners with Kraken in plan for 24/7 tokenized stock trading - The New York-based exchange operator said its plans for tokenizing stocks and other exchange-traded products will focus on corporate governance, and look for ways to simplify or automate proxy voting or corporate actions such as dividend payments. The framework is expected to launch in early 2027 and grant holders of the tokenized shares the same governance rights as those investors who own the underlying securities. Read more
Kalshi teams up with Brazil’s XP for first international push - Prediction market platform Kalshi Inc. is expanding outside the US for the first time, partnering with Brazil’s XP Inc. to list event contracts. Kalshi will start offering yes-or-no contracts tied to Brazil’s economy, on events such as changing inflation and interest rates in the country. Those contracts will be available for Kalshi’s US investors and select XP users in Brazil, according to executives. Read more
Select Financings
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Axiom Trust - New York based wealth custodian raised $11.8m in new funding led by Lightspeed Venture Partners. Read more
Coral - New York based platform for financing energy efficient building upgrades raised $7.5m in Seed funding led by ResilienceVC. Read more
Cryptio - New York based digital asset accounting and reconciliation platform raised $45m in Series B funding led by BlackFin Capital Partners and Sentinel Global. Read more
DiligenceSquared - New York based commercial due diligence platform for private equity firms raised $5m in Seed funding led by Relentless. Read more
Finperks - Berlin based prepaid payments infrastructure startup raised $4m in Pre-Seed funding led by Motive Partners and seed+speed Ventures. Read more
Kast - Singapore based stablecoin payments platform raised $80m in Series A funding led by QED Investors and Left Lane Capital. Read more
NjiaPay - Cape Town based payment orchestration startup raised $2.1m in Seed funding led by Newion. Read more
Orca Fraud - Cape Town based real time fraud intelligence platform raised $2.35m in Seed funding led by Norrsken22. Read more
Outpost - London based cross-border trade platform for merchants raised $17.5m in Series A funding led by Ribbit. Read more
PactFi - New York based workflow software provider for private credit deal teams raised $25m in Series A funding led by 7Ridge. Read more
Remitian - Miami based tax payment API and remittance platform for accounting firms raised $7m in Seed funding led by Cambrian. Read more
Translucent - New York based AI platform for healthcare finance raised $27m in Series A funding led by GV. Read more
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