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2021 | OriginalPaper | Chapter

6. Fintech Unicorns

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

Published in: The Palgrave Handbook of FinTech and Blockchain

Publisher: Springer International Publishing

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Abstract

Fintech has emerged as a disruptor for financial services. Technology maturity in key factors including cloud computing, big -data, artificial intelligence, blockchain and smartphones have culminated in meteoric successes among fintech startups, and the emergence of fintech unicorns —privately -held startups with a valuation exceeding USD $1 billion. The successes among fintech unicorns have sent shockwaves throughout the financial services sector. We discuss the implications of this to the current and future roles of key market players including regulators, incumbent finance, technology and dedicated fintech firms, as well as new entrants. Our insights are underpinned by an analysis of initial public offerings of unicorns in China, as a performance indicator for tech startups, allowing for richer discussion on the components of a successful fintech business model.

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previous chapter The Challenges and Competitiveness of Fintech Companies in Europe, UK and USA: An Overview

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Title: Fintech Unicorns
Authors: David C. Broadstock
Louis T. W. Cheng
Jack S. C. Poon
Publisher: Springer International Publishing
Book: The Palgrave Handbook of FinTech and Blockchain
Print ISBN: 978-3-030-66432-9

Electronic ISBN: 978-3-030-66433-6

Copyright Year: 2021
DOI: https://doi.org/10.1007/978-3-030-66433-6_6