September 24, 2018

The More the Merrier: Two-Founder FinTech Startups Are 2X as Likely to Get Funded Against One-Founder FinTech Startups

In the current day and age, the startup ecosystem has brought in a new wave of innovation into the world of business. Across industries, technocrats/businesspeople/domain experts are now working together to explore and solve hundreds of pain points associated with the traditional way of doing business. Financial services industry is no exception as it continues to witness the exponential rise of FinTech startups. Every year, thousands of FinTech startups are founded around the world across 50+ sub-segments, democratizing innovative technology and improving the experience with the financial services industry for billions. Many of these startups are getting significant traction from both consumers and banks/incumbents. However, one of the biggest challenges these startups have to face on their quest towards scale is funding. Funding is one of the most (if not the most) important drivers of a startup’s growth. While there has been a significant democratization of financing with crowdfunding, debt,…

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