Notwithstanding the emergence of FinTech startups in the financial services industry, most of these companies face significant difficulties in breaking even and surviving. This study examines the main managerial, institutional, and financial drivers of FinTech profitability and the time it takes...

This article adds to case studies documenting the collaboration of private and state institutions in the construction of key modern technologies. Specifically, we contribute to the body of literature on the entrepreneurial state by documenting how state intervention in developing economies is...