Samuel N. Kirshner

Jan 14, 2024 | onlinelibrary.wiley.com | Oliver Browne |Douglas Cumming |Mark Hutchinson |Samuel N. Kirshner

Introduction Equity investment in FinTech has expanded rapidly over the past decade – amounting to over $1 trillion in more than 35,000 deals from 2010 to 2021 – and has been described as a FinTech boom (Cumming and Schwienbacher, 2018). This expansion far outpaces the growth of non-FinTech investment, with capital raised by FinTech companies reaching 5% of the value of global equity deals in 2020, up from less than 1% in 2010 (Cornelli et al., 2021).