Karafan Journal

Karafan Journal

Designing a Model of Fintech Startups' Survival

Document Type : Original Article

Authors
1 Assistant Professor, Department of Technological Entrepreneurship, Faculty of Entrepreneurship, University of Tehran, Tehran, Iran.
2 Associate Professor, Department of Corporate Entrepreneurship, Faculty of Entrepreneurship, University of Tehran, Tehran, Iran.
3 PhD Student, Department of Technological Entrepreneurship, Faculty of Entrepreneurship, University of Tehran, Tehran, Iran.
Abstract
A serious threat to the economy of countries is the high failure rate of technology-based financial services startups (fintechs), and newcomers and owners of fintech startups need to discover a path that will prevent their startups from failing and lead to their sustainability. To clarify the model that fintechs should implement for the survival of their startups, this study used a qualitative research method to study multiple cases in Iran, in 2022. Primary data was collected using in-depth interviews with senior managers of successful fintechs, who have been active for more than 42 months. This data collection process with 18 senior managers continued until reaching theoretical saturation and repetition of answers. By manually coding the data to determine the key constructs of the model and extracting propositions from the experiences of experts, a conceptual model was designed to achieve the survival of fintechs. The scientific accuracy of this conceptual model of survival was also validated using four criteria: credibility, dependability, confirmability and transferability. This model can be used as a guide for fintech activists and researchers to conduct future studies on the survival of fintechs.
Keywords
Subjects

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Volume 21, Special Issue
Humanities
Winter 2025
Pages 177-210

  • Receive Date 09 January 2023
  • Revise Date 15 May 2023
  • Accept Date 11 June 2023