What is it about?

Despite mixed evidence, previous studies show that industry experience of entrepreneurs generally drives outperforming entrepreneurial firms. However, whenever it comes to disruptive digital ventures such as Fintechs, the picture may be different due to the cross industry nature of digital firms. Furthermore, Fintech reports indicate that most Fintech startups fail to get beyond the seed stage, which contains a clear alert for entrepreneurs that pushing ahead before they have enough experience may lead to failure. We gain more detailed insights into the different aspects of founders' human capital as determinants of Fintech performance, and we find that different types of founders' experiences are related to success in the market or with investors, which could help resolve this gap in the literature.

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Why is it important?

Human capital needed to perform new digital companies in financial industry. Is it confirming, or cutting with the existing work in the field given the disruptive nature of Fintech firms? Evidence from Europe.


More studies on European Fintech's drivers of success are needed to put forward its development enablers in order to address the backlog in this industry compared with US and some Asian countries.

Groupe ESC Clermont

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This page is a summary of: On performance drivers of European Fintechs around venture capital: exploring the role of founders’ experience, Review of Accounting and Finance, September 2023, Emerald,
DOI: 10.1108/raf-05-2023-0153.
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