Early concept · seeking feedback

Monthly contributions.
Invested in women
building NZ.

A digital investment platform where any NZ woman can contribute a slice of her monthly income — build real wealth — direct capital into female-led businesses that struggle to access it elsewhere — and join a community that shops, tests, and advocates for the businesses they own.

Wealth creation for women Capital for female-led businesses Community & commerce Digital-first · low minimums NZ regulated
Platform Splendid
Market New Zealand
Model Monthly contributions · equity returns
Here for Honest feedback
01 / 12
02 Two Problems

Two broken systems. One fix.

The Capital Gap — SMEs & Startups

Female-led businesses are starved of growth capital

NZ's SMEs and startups face a wall when trying to raise. Traditional investors pattern-match to founders who look like them. Banks require collateral women are less likely to hold. The capital gap isn't a pipeline problem — it's bias built into the system.

2.9%
of all NZ investment capital reached female-only teams in 2024
$32B
in economic growth NZ is leaving on the table by underinvesting in women
The Wealth Gap — Women as Investors

Women aren't building wealth through investing — and it's not their fault

Lower average incomes, career breaks for caregiving, and a financial system that assumes you need a lump sum to start mean most women never access equity investment. Confidence and exposure matter just as much as income. Investing has historically felt like someone else's world.

34%
less in retirement savings women hold compared to men on average
77%
of unpaid caregiving in NZ falls to women — interrupting income and investment momentum
02 / 12
03 The Insight

These aren't two problems.
They're one flywheel
running in reverse.

When capital flows away from female-led businesses, those businesses can't scale, can't create wealth for their founders and teams, and can't produce the successful women who become the next generation of investors. The cycle compounds — in the wrong direction.

Flip the flywheel: women invest → female-led businesses get capital → businesses grow → wealth created for founders and investors → more women invest. And now add a third loop: women test and buy the products of the businesses they own, giving feedback that makes those businesses stronger — and discounts that reward their loyalty.

Evidence

Research shows female investors back female founders at nearly twice the rate of male investors. Changing who invests changes where capital flows — automatically.

The flywheel 01 Women invest Monthly contributions, any income level 02 Businesses get capital Female-led SMEs & startups that struggled to raise 03 Businesses grow Wealth created for founders, teams & investors 04 More women invest Capital & confidence grows — the cycle compounds
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04 The Idea
The proposition

Regular contributions. Real equity.
Directed by women, for women.

A Splendid monthly contribution builds equity in a curated portfolio of female-founded and female-led NZ businesses. Simple, transparent, built for her life.

Step 01

Set a contribution

Choose a monthly amount that works right now. Pause or adjust anytime — no penalty, no shame.

Step 02

Capital pools & deploys

Pooled and invested into a curated portfolio of female-led NZ businesses — startups and SMEs.

Step 03

Your stake grows

You hold equity. As portfolio businesses grow, so does your investment. See what you own and why.

Step 04

Returns & impact

Financial returns when businesses exit or distribute. Plus measurable impact: businesses funded, wealth built.

Think of it as KiwiSaver meets Sharesies meets a gender lens — your money works directly inside NZ businesses led by women who struggle to access capital from traditional sources.
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05 Business Model

Three models considered.
One clear preference.

We explored three structural approaches. Each solves part of the problem. Only one stays true to the mission of making wealth creation genuinely accessible to women.

Considered

Listed Investment Company

List Splendid on NZX. Public buy shares. Splendid deploys capital into private female-led companies.

  • Shares trade on exchange — liquid for investors
  • Accessible to anyone with a brokerage account
  • Clean, simple public story
  • Loses the monthly contribution model entirely
  • Listing costs $500K–$1M+; ongoing $200K–$400K/yr
  • LICs typically trade at a discount to their underlying value
  • Requires $10M–$20M raised before listing
Considered

Listed Stocks First

Start by investing in NZX/ASX-listed companies with female leadership. Move to private companies later.

  • Lower regulatory complexity to start
  • Underlying assets are liquid
  • Familiar product for investors
  • Replicates Sharesies with a gender filter — not differentiated
  • Doesn't direct capital to businesses that need it most
  • Abandons the core mission at the point it matters most
Our preference

Monthly Contribution Fund

Women invest a regular monthly amount into a managed portfolio of private female-led NZ startups and SMEs.

  • Solves the wealth gap — works for any income level
  • Set-and-forget compounding over 5–10 years
  • Directs capital to businesses that can't access it elsewhere
  • The only model that does all three things at once
  • Underlying assets are illiquid — managed through portfolio staging, a liquid sleeve, and honest lock-up framing
This is Splendid.
+ Third dimension
Whichever model we choose, Splendid adds a layer no investment platform has: a community and commerce loop where members test portfolio products, give feedback that helps those businesses improve, and receive discount codes to share with their networks. Women drive 70–80% of household purchasing decisions. Splendid turns that into a competitive advantage for the businesses we invest in.
05 / 12
06 Investment Stages

Where Splendid fits in a company's journey.

Every business goes through funding stages as it grows. Understanding where Splendid invests — and why — is essential to understanding our risk profile, return timeline, and portfolio construction.

Too early
Pre-Seed
Idea stage. No product, no revenue. Friends, family, founder savings.
NZ cheque $20K–$150K
Instrument SAFE / note
Splendid — startups
Seed
Early product, first customers, proven founding team. Capital to build properly and reach real traction.
NZ cheque $250K–$1.5M
Valuation $1.5M–$5M
Instrument Preference shares
Who else Angel networks, NZGCP
Splendid — SMEs
Growth SME
Profitable, established business wanting to scale. Lower risk, shorter timeline, may pay distributions.
Splendid cheque $200K–$800K
Revenue $500K–$3M+
Stake 10–25% equity
Returns Earlier, more stable
Selective follow-on
Series A
Proven, scaling business. Real revenue, repeatable growth. First institutional VC round.
NZ cheque $2M–$8M
Valuation $5M–$20M
Who Icehouse, Movac, GD1
Beyond Splendid
Series B+
Scaling hard, often internationally. Requires offshore capital — NZ funds are too small.
Cheque $8M–$30M+
NZ reality The Series B gap
Who Offshore VC, PE
Portfolio logic
A blend of seed-stage startups and growth-stage SMEs is the right construction for Splendid. SMEs anchor the portfolio with lower risk and earlier returns. Startups provide the upside that justifies the illiquidity premium for retail investors.
06 / 12
07 How It Works

Three ways to be invested.

Splendid is built around three interlocking roles: investor, community member, and customer. Each reinforces the other — and each makes the businesses you back more likely to succeed.

01 — Invest

Set it. Stay connected. Adjust freely.

Monthly direct debit into a curated portfolio of female-led NZ businesses. No minimum term. Pause when life demands it. A simple dashboard shows your portfolio value and the businesses you own a stake in.

02 — Portfolio

Curated, vetted, female-led.

Businesses must meet clear gender criteria — female-founded, female-led, or female-majority owned. Due diligence is handled by Splendid. Investors don't pick individual companies.

03 — Community

Try it. Rate it. Get rewarded.

Splendid members get early access to products from the businesses they own. Test them, give honest feedback that helps those businesses improve — and receive exclusive discount codes to share with your wider community. Women make 70–80% of household purchasing decisions. That's not a footnote. That's a superpower.

04 — Access

Access first. Jargon never.

No financial literacy test to invest. Plain language throughout. Splendid explains equity, risk, and exits in context — not in a tutorial you have to complete before you're allowed in the door.

Example
Aroha is a 34-year-old teacher with two kids. She contributes monthly with Splendid and owns a stake in 12 female-led businesses. Last month Splendid gave her early access to a new skincare range from one of the portfolio companies — she tried it, left feedback through the app, and got a 30% discount code she shared with her mum's group. She's an investor, a product tester, and an advocate — all at once.
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08 Landscape

Nothing anywhere does all of this.

Platforms exist that solve one side of the problem — in the UK, Europe, and ANZ. None combine all four in a single regulated platform.

Platform Regular contributions Real equity returns Female-led only ★ Market
KiwiSaver NZ
Sharesies NZ
Coralus / SheEO 0% loans NZ · AU · UK · CA
Arc Angels HNW only NZ
Angel Academe £10K min UK
We Are Jane institutional Belgium
Joanna Invests ~ €2.5K min Netherlands
Splendid NZ — first of its kind
08 / 12
09 Why Now

The moment is right.

1

NZ has already proven the habit

Sharesies built a platform with 600,000+ users, many first-time investors. NZ women are ready to invest digitally — they just haven't had a product built for their specific situation and values.

2

The data on the gap is public and damning

Jenny Rudd and Dame Theresa Gattung's Gender Investment Gap research has put hard numbers on the problem. The conversation has moved from anecdote to evidence. Momentum is building.

3

Global models show it's possible

Joanna Invests (NL), Angel Academe's EIS Fund (UK), and We Are Jane (Belgium) have proven regulated, women-focused investment platforms work. ANZ has no equivalent.

4

NZ regulatory pathways exist

The Financial Markets Conduct Act provides clear licensing pathways for exactly this kind of platform. The FMA has shown willingness to engage with innovative models.

09 / 12
10 Open Questions

Where I need your thinking.

This is an early concept and I'm not pretending to have all the answers. These are the live questions — and where experienced perspectives matter most.

What is the real experience of female founders trying to raise capital in NZ?

The data tells us how little they receive — but I want the texture of why. What are the actual barriers: the room dynamics, the questions asked, the terms offered? And where are the genuine opportunities — investors and moments that have worked?

How do we structure the community and commerce layer without creating conflicts of interest?

Members testing and buying products from businesses they're invested in is powerful — but it raises questions. How do we ensure feedback is honest and not influenced by ownership? How do discount codes work commercially — who funds them? And how do we avoid the community layer feeling extractive to portfolio companies rather than genuinely valuable?

How do we manage liquidity honestly within a monthly contribution model?

Our thinking: a 5–7 year lock-up framed like KiwiSaver, a small liquid sleeve, and portfolio staging so earlier investments are producing exits as newer ones are made. What have you seen work in practice?

What's the right regulatory structure — MIS licence, crowdfunding, or white-label partnership?

An MIS licence lets us serve retail investors but costs $150K–$300K+ and takes 12–24 months. A crowdfunding licence is simpler but changes the model. A white-label partnership is faster. What have you seen work for early-stage platforms?

How do we define and protect the gender criteria over time?

Female-founded, led, or majority-owned — these criteria need to be defensible as leadership changes. What's robust but not so rigid it excludes the right businesses?

What does the right portfolio blend look like — early startups, growth-stage SMEs, or both?

A blend is probably right. Earlier stage offers bigger upside but longer waits. Growth-stage may produce earlier returns. What mix creates the right risk profile for retail investors new to private equity?

"I'm not looking for validation. I'm looking for the questions I haven't thought to ask yet."

Early concept · May 2026
10 / 12
11 What I'm Looking For

Not funding.
Honest feedback.

I'm at the stage where the right conversation is worth more than capital. I want to talk to people who'll poke holes in this — not just tell me it's a great idea.

1

Founders who've raised equity in NZ

Especially those who've navigated term sheets, angel networks, or SPV structures. What do founders actually need from a platform investor — and what would be a dealbreaker?

2

People with FMA / FMCA experience

Financial markets lawyers, compliance leads, or founders who've been through licensing. I want the real cost and timeline, not just the theoretical one.

3

Women who would — or wouldn't — use Splendid

Would you set up a monthly contribution? What would stop you? What would make you trust it? The concept is nothing without honest answers from the people it's built for.

4

Anyone who thinks this is a bad idea

Seriously. What's the killer objection? What have comparable platforms tried and failed at? I'd rather hear it now than in two years.

11 / 12
Thank you

The field is
ours to build.

Women in NZ are ready to invest. Female-led businesses are ready to grow. The gap between them is a structural problem with a structural solution. Splendid is built to be part of that fix — and I'd love to hear what you think.

Founder  Bridget Snelling
Email    besnelling@gmail.com
Mobile   021 414 214
Status   Early concept · seeking feedback · May 2026
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