Last week I testified in front of the House Financial Services Committee (that’s the one led by Congresswoman Maxine Waters — someone pinch me). Their Task Force on Financial Technology held a hearing on “Combatting Tech Bro Culture: Understanding Obstacles to Investments in Diverse-Owned Fintechs” (their title, not mine). And about how you can literally count on your fingers the number of women CEOs who have raised more than $100 million in fintech venture funding. Literally.

This matters because:

1) Fintech can be capital intensive — it’s not really something you can crowdfund on Kickstarter or finance out of pocket. So without the ability to raise venture capital, there are fewer financial apps focused on women. (Case in point: Just one “wealth tech” app has seen a majority of its downloads come from women — and that’s Ellevest.)

And 2) With fewer financial offerings centered on women, women’s needs aren’t being met. And so women have less money.

It’s as simple and powerful as that.

Money is power. Power to direct our lives. Power to build our futures. Power to make our voice heard. Power to make change.

So it matters.

Here’s my full testimony for the committee. And here’s hoping it helps move the needle.