Does Fundraising Have Meaningful Sequential Patterns? The Case of Fintech Startups

Document Type: Research Paper

Authors

Department of Information Technology Management, Faculty of Management, Kharazmi University, Tehran, Iran

Abstract

Nowadays, fundraising is one of the most important issues for both Fintech investors and startups. The pattern of fundraising in terms of “number and type of rounds and stages needed” are important. The diverse features and factors that could stem from Fintech business models which can influence success are of the key issues in shaping these patterns. This study applied the top 100 KPMG Fintech startups’ data to extract clusters and fundraising pattern using sequential pattern discovery for each cluster. This led to the extraction of seven distinct clusters using 3 different clustering algorithms from 3 to 7 different rounds of investment for each cluster. The proposed frequent patterns can assist both investors and Fintech startups to show the future fundraising pattern based on their new or current startup cluster type and the ongoing stages of development.

Keywords

Main Subjects


Article Title [Persian]

آیا جذب سرمایه الگوهای معناداری در شرکت های نوپا دارد؟ بررسی شرکت های فناوری مالی

Authors [Persian]

  • هومن خواجه پور
  • سید مهدی سادات رسول
  • رضا یوسفی
گروه مدیریت فناوری اطلاعات، دانشکده مدیریت، دانشگاه خوارزمی، تهران، ایران
Abstract [Persian]

ما در این پژوهش به دنبال کشف الگوهای موفق جذب سرمایه در گروه بندی های مختلف شرکت های برتر فناوری مالی هستیم. برای انجام این هدف ابتدا داده ها را بر اساس مولفه های ویژگی موثر بر موفقیت و مشخصات شرکت ها خوشه بندی کردیم. به استناد به پژوهش های قبلی طبقه بندی از عوامل موثر بر مدل های کسب و کارشرکت های فناوری مالی کشف شد که در واقع می توانند نقش بسزایی در موفقیت این شرکت ها داشته باشند ، این عوامل مانند اجزای اصلی فناوری، ارزش پیشنهادی ، کانال های انتقالی، مشتریان، جریان درآمدی محصولات و خدمات ، هدف تامین کنندگی و نوآوری به عنوان بخشی از مولفه های موثر موفقیت شرکت ها در نظر گرفته شدند.برای انجام خوشه بندی از 3 روش استفاده کردیم و برای انتخاب بهترین خوشه ها،‌به روش ترکیبی از شاخص های میانگین سیلهوت و روش آرنج استفاده کردیم تا در نهایت با بررسی های مختلف و اندازه گیری شاخص ها، به روش کامیانگین و با ورود و پردازش داده های رتبه بندی شده، خوشه بندی با 7 گروه مختلف انتخاب شد. در قدم بعدی برای تکمیل هدف با استفاده از خوشه بندی انجام شده و گروه های به دست آمده اقدام به کشف الگوهای متوالی جذب سرمایه این شرکت ها بر اساس هر گروه کردیم. نتایج ارایه شده برای هر مرحله از جذب سرمایه می تواند به عنوان مبنایی برای بررسی جذب سرمایه به کار گرفته شود.

Keywords [Persian]

  • جذب سرمایه
  • فناوری مالی
  • سرمایه گذاری جسورانه
  • خوشه بندی
  • کشف الگوهای پیوسته
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