Fintech Unicorns

Broadstock, David C.; Cheng, Louis T. W.; Poon, Jack S. C.

doi:10.1007/978-3-030-66433-6_6

Cited by 1 publication

(1 citation statement)

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“…The most prominent category of Unicorns is the fintech industry (21%), comprising approximately one in five units (CB Insights, 2023). Recent high-profile successes and problems have made an investigation in this sector especially relevant by studying a comprehensive set of drivers (or, on the flip side, inhibitors) for their long-term growth (Broadstock et al, 2021). For example (Fintech) Unicorn start-ups often require significant capital to grow quickly, which makes significant investment paramount.…”

Section: Introductionmentioning

confidence: 99%

A life cycle view on unicorn start-ups: drivers of long-term high-growth

Kabbara

Hagen

2023

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PurposeThe purpose of this study is to explore the exogenous and endogenous drivers of the high-growth of Unicorn start-ups along their life cycle, with a particular focus on Unicorns in the fintech industry.Design/methodology/approachThe study employs an explorative longitudinal analysis with a matched-pair of two cases of Unicorns start-ups with similar antecedent features to understand holistically drivers over the longer term.FindingsHigh-growth patterns over the longer term are the result of a combined industry- and company-life cycle perspective. Drivers and growth patterns vary significantly according to the time of entry in the industry and its development status. The findings are systematised within a set of propositions to be tested in future research.Research limitations/implicationsThe limitations lie in empirical evidence, as the analysis is limited to one-matched-pair. The revealed Unicorns' drivers for long-term growth might encourage future research to further investigate these drivers on a larger scale.Practical implicationsThe study offers practical recommendations for start-ups with high-growth ambitions and advice to policy makers regarding the development of tailor-made support programs.Originality/valueThe study significantly extends extant work on growth and high-growth by examining endogenous and exogenous triggers over time and by linking the Unicorn-life cycle to the industry life cycle, an approach which has, to the best of the authors’ knowledge, not yet been applied.

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Section: Introductionmentioning

confidence: 99%