@misc{10481/73246,
year = {2022},
month = {2},
url = {http://hdl.handle.net/10481/73246},
abstract = {Notwithstanding the emergence of FinTech startups in the financial services industry,
most of these companies face significant difficulties in breaking even and surviving.
This study examines the main managerial, institutional, and financial drivers of FinTech
profitability and the time it takes for these firms to break even. The database includes
relevant qualitative factors, such as foundational characteristics, the technological
profile of the startup, and its funding structure. Using the full population of FinTech
startups operating in Spain from 2005 to 2017, we observe that most of these firms are
unprofitable within three years of their inception. Combining panel data and survival
analyses, we empirically find that large and solvent FinTech firms founded by single
entrepreneurs in an incubator or accelerator program are more likely to be profitable
and prevail. FinTech firms reach their break-even points faster if they receive funding
through seed capital.},
organization = {FUNCAS Foundation	PGC2018 -099415 -B -100 MICINN/FEDER/UE},
organization = {Junta de Andalucia	P18-RT-3571},
publisher = {Springer},
keywords = {FinTech},
keywords = {Profitability},
keywords = {Entrepreneurship},
keywords = {Technology},
keywords = {Financial strategies},
keywords = {Startups},
title = {Entrepreneurial, institutional and financial strategies for FinTech profitability},
doi = {10.1186/s40854-021-00325-2},
author = {Carbó Valverde, Santiago and Rodríguez Fernández, Francisco},
}