ABSTRACT This study examines the difference between the FinTechs that received private equity and venture capital funds and those that did not. We test this with a sample of 2,524 companies across 76 countries over 2008–2018. We show a positive relationship between having received an angel and a seed round with follow-on financing, and a negative relationship with having a single founder. The impact of the seed financing and the single founder is weaker in an emerging market. Furthermore, companies in financing and payments categories are more likely to receive funding.

中文翻译：

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天使投资者，种子期投资者和创始人对金融科技资金的影响：新兴市场环境

摘要本研究调查了接受私募股权和风险投资基金的金融科技与未接受私募股权和风险投资基金的金融科技之间的区别。我们在2008-2018年期间对76个国家/地区的2,524家公司进行了抽样测试。我们展示了在获得天使资金和后续融资的种子轮之间存在正向关系，而与只有一位创始人之间存在负向关系。在新兴市场中，种子融资和单一创始人的影响较弱。此外，融资和支付类别的公司更有可能获得资金。