4.4 • 796 Ratings
🗓️ 16 August 2023
⏱️ 17 minutes
🧾️ Download transcript
Ida Tin coined the term Femtech after she founded the period tracking app, Clue, which has since been downloaded more than 100 million times.
We hear how she managed to turn her idea into a business, how she went about funding it over her 10 year stint as CEO and how she sees it evolving as technology becomes more advanced.
Producer/Presenter: Hannah Mullane Photo: Ida Tin Credit: Ida Tin
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| 0:00.0 | Hello and welcome to Business Daily. I'm Hannah Malayne. Today we're speaking to creator and co-founder of one of the first period tracking apps and the woman responsible for coining the phrase Femtech, Eda Tin. |
| 0:23.5 | It's possible you've heard of the app Clue. |
| 0:26.1 | It's been downloaded over 100 million times in 190 countries across the world. |
| 0:31.3 | If not, then let me bring you up to speed. |
| 0:34.4 | Clue was launched shortly after the first iPhone, |
| 0:37.4 | an app where women could track their periods, |
| 0:39.6 | but it's not just that. You can track your health in more than 30 different categories. |
| 0:44.9 | Just last year, it was approved as an official form of contraception by the Food and Drug Administration |
| 0:49.6 | in the US. To date, it's raised almost $50 million in funding. So I had this very big sense of a global |
| 0:57.3 | need. And then along the way, we figured, why don't we start building a peer tracking app so that we |
| 1:02.9 | can start understanding the cycle and start understanding the market and build a user base. |
| 1:09.6 | I wanted to create something that could be the next thing that came in the history of family |
| 1:14.2 | planning after the pill, basically. |
| 1:16.4 | The reaction to the idea was mixed. |
| 1:19.3 | What I met was a sense of, oh, we don't know anything about this world of women's health, |
| 1:25.9 | but kind of curious. |
| 1:28.4 | And then, of course, women I met, they all had a story. Everybody has had something going on with their reproductive |
| 1:33.0 | health system. That's Business Daily from the BBC. |
| 1:40.2 | Ida was born and raised in Copenhagen, and prior to co-founding the app Clue, she ran a motorcycle |
| 1:46.0 | company with her parents. It was then that she noticed a problem that she wanted to fix. |
| 1:51.8 | So this was back just when the first iPhone came out and I thought, what if we could take out |
| 1:58.0 | our phones and it could tell us if this was a day we could get pregnant, |
... |
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