Presentation at the ENTFIN Conference 2024 in Munich

Matthias Mattusch presented a new working paper co-authored with Lars Hornuf on FinTech startups in Germany at the Entrepreneurial Finance Association 2024 Annual Meeting at the Technical University of Munich (TUM). The paper explores the promise of fintechs to revolutionize the financial world. Hornuf and Mattusch first document firm failure, funding success, and innovation capacity in the opaque fintech startup market. Using a hand-collected dataset of 892 German fintechs founded between 2000 and 2021, which includes detailed founder and company information, they find that founders with a business degree and entrepreneurial experience have a better chance of obtaining funding, while founder teams with science, technology, engineering, or mathematics backgrounds file more patents. Early third-party endorsements and foreign partnerships substantially increases firm survival. Moreover, they obtain the following stylized facts: Fintechs focusing on business-to-business models and which position themselves as technical providers have proven more effective. Fintechs competing in segments traditionally attributed to banks are generally less successful and less innovative. 

 You can access the working paper on SSRN: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=4620025