Factors Attracting Banking Investment Into Fintech Start-Ups: Russian Context

Semerikova, Ekaterina

doi:10.20472/iac.2017.031.045

Cited by 2 publications

(1 citation statement)

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“…In fact, the lack of credit history and credible reputation distinguishes start-ups from established firms, creating a disadvantage for the former when it comes to the issue of funding [34]. In addition, [35] found that banks only consider financing start-ups that are at least five years old and those that can offer working prototypes.…”

Section: It Is Generally Difficult For These Firms To Obtain Financinmentioning

confidence: 99%

FinTech Start-Ups Financing in Islamic Banks in Oman: Qualitative Evidence

Echchabi¹,

Omar²,

Ayedh³

et al. 2021

Proceedings of the 4th International Conference on Sustainable Innovation 2020-Accounting and Management (ICoSIAMS 2020)

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The objective of the study was mainly to shed light on the current state and future prospects of FinTech in Oman, with particular focus on its potential contribution to the Islamic finance industry. The study used qualitative methods in forms of in-depth interviews with eight Islamic banks' managers in Oman. The findings revealed that the FinTech industry in Oman is still operating under-potential. This might be due to the general lack of interest in this area by the Omani startup businesses. This situation might also be due to the lack of financing opportunities by local financial institutions, including both Islamic and conventional financial institutions. The findings also showed that the start-ups in Oman prefer long term financial schemes, while the Islamic financial institutions (IFIs) generally prefer short term financing on Musharakah and Ijarah contracts. Finally, the findings showed that the IFIs are optimistic regarding the prospects of growth and success of FinTech in Oman. It is noteworthy that this is one of the early studies that address the FinTech startups financing from an Islamic perspective, and hence lays the ground for the future studies to be conducted in this area.

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Section: It Is Generally Difficult For These Firms To Obtain Financinmentioning

confidence: 99%

FinTech Start-Ups Financing in Islamic Banks in Oman: Qualitative Evidence

Echchabi¹,

Omar²,

Ayedh³

et al. 2021

Proceedings of the 4th International Conference on Sustainable Innovation 2020-Accounting and Management (ICoSIAMS 2020)

View full text Add to dashboard Cite

show abstract

Islamic banks financing of FinTech start-ups in Oman: An exploratory study

Echchabi

Omar

Ayedh

et al. 2021

JMIFR

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This study mainly aims to explore the current practice and prospects of FinTech start-ups financing in Oman, particularly the IFIs (Islamic Financial Institutions) financing practices and the challenges faced by these start-ups in obtaining it. The study applies qualitative methods in procedures of in-depth interviews with eight Islamic banks’ managers in Oman. The findings revealed that the financing of the FinTech start-ups in Oman still in the infant stage and below its potential. This might be due to the general lack of interest in this area by the Omani start-up businesses. This situation might be due to the lack of clear strategic vision of Omani financial institutions, including both Islamic and conventional financial institutions with regards the Fintech start-ups. The findings also showed that the start-ups in Oman prefer long term financial schemes, while the Islamic financial institutions (IFIs) generally prefer to offer short term financing on Musharakah and Ijarah contracts. Lastly, the findings showed that the IFIs are positive regarding the prospects of growth and success of FinTech in Oman. It is noteworthy that this is one of the early studies that addresses the FinTech start-ups financing from an Islamic perspective, and hence places the ground for the future studies to be conducted in this area.

show abstract

Factors Attracting Banking Investment Into Fintech Start-Ups: Russian Context

Cited by 2 publications

References 0 publications

FinTech Start-Ups Financing in Islamic Banks in Oman: Qualitative Evidence

FinTech Start-Ups Financing in Islamic Banks in Oman: Qualitative Evidence

Islamic banks financing of FinTech start-ups in Oman: An exploratory study

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