The evolution of the Fintech entrepreneurial ecosystem in Africa: An exploratory study and model for future development

Molla, Alemayehu; Biru, Ashenafi

doi:10.1016/j.techfore.2022.122123

Cited by 17 publications

(7 citation statements)

References 41 publications

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“…Numerous approaches to performing literature reviews exist, such as a systematic literature review [20], a systematic mapping study [21], snowballing [22], and a multivocal literature review [9]. Among these approaches, researchers in the computer software As noted in the study [15], researchers have experienced an interest in studying entrepreneurial ecosystems across both research database domains, Scopus and WoS.…”

Section: Methodsmentioning

confidence: 99%

“…Numerous approaches to performing literature reviews exist, such as a systematic literature review [20], a systematic mapping study [21], snowballing [22], and a multi-vocal literature review [9]. Among these approaches, researchers in the computer software engineering domain have regularly conducted systematic literature reviews and mapping studies.…”

Section: Methodsmentioning

confidence: 99%

“…This results in developed economies having a greater number of successful digital technology start-ups and their start-up ecosystems ranking higher as well. Many African start-up ecosystems, such as South Africa, appear lower on the global start-up ecosystem rankings [9]. There is a direct correlation between the quality of the start-up ecosystem and its ranking, as that impacts the start-ups being developed in that ecosystem.…”

Section: Introductionmentioning

confidence: 99%

“…There is a direct correlation between the quality of the start-up ecosystem and its ranking, as that impacts the start-ups being developed in that ecosystem. Start-up success results in social and economic benefits such as job creation (SDG 8), advancements in innovation (SDG 11), reduction of brain drain, and the development of an economy (SDG 9), thus making the study of start-up ecosystems essential [9]. South Africa, classified as a developing startup ecosystem according to Startup Blink [10], is currently ranked 53rd globally in the 2023 Startup Blink Global Startup rankings, dropping three places from its 2022 ranking [10].…”

Section: Introductionmentioning

confidence: 99%

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Digital Start-Up Ecosystems: A Systematic Literature Review and Model Development for South Africa

Kayser,

Telukdarie,

Philbin

2023

Sustainability

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Digital start-ups play a crucial role in boosting the economies of many countries through technological innovations. Several studies have been conducted assessing digital start-ups or digital entrepreneurship, mainly from the perspective of the Global North. However, gaps exist in the literature regarding digital ecosystems, especially in the context of developing countries (the Global South), such as South Africa. This study fills this gap by exploring the structure as well as highlighting the hindering factors of the start-up ecosystem in South Africa. In addition, the study explores the influential factors of the digital start-up ecosystem and models that can be used to assess upscaling for the growth of new digital start-up ventures. The study conducted a systematic literature review using the PRISMA framework. The Scopus-indexed database was used to source published peer-reviewed papers on digital ecosystems between 2017 and 2023. Key findings of the study pertaining to South Africa’s start-up ecosystem revealed that the country is producing thriving digital start-ups. The current study also identified several challenges that affect the development of digital start-ups in South Africa. Some of the challenges include regulatory barriers, skills shortages, a lack of funding, and a digital infrastructure gap, among others. Furthermore, work is being conducted by ecosystem stakeholders to address these challenges, with a greater collective and cohesive effort needed to effectively address the hindering factors. The study advocates for intervention as well as policy and practitioner implications that could be utilised by ecosystem stakeholders, particularly entrepreneurs in the digital market. The research findings pertain to the South African start-up ecosystem but have greater appeal and relevancy for many developing start-up ecosystems globally, especially in the Global South.

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Section: Methodsmentioning

confidence: 99%

Section: Methodsmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

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Digital Start-Up Ecosystems: A Systematic Literature Review and Model Development for South Africa

Kayser,

Telukdarie,

Philbin

2023

Sustainability

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“…In this article, attention is focused on break-even projects, since only they fully comply with ESG principles (Patel et al, 2022). The international experience of the humanization of FinTech is described in the works by Hudaefi et al (2023), Joia and Proença (2022), Lisha et al (2023), Molla and Biru (2023), Nugraha et al (2022), Wang et al (2022) and Wang et al (2023).…”

Section: Literature Reviewmentioning

confidence: 99%

Economic and legal approaches to the humanization of FinTech in the economy of artificial intelligence through the integration of blockchain into ESG Finance

Kazachenok

Stankevich

Chubaeva

et al. 2023

Humanit Soc Sci Commun

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The purpose of the article is to study the current experience and prospects of the humanization of FinTech in the economy of artificial intelligence. The research methodology is based on the use of the method of structural equation modeling (SEM). The study analyzes statistics for 2021–2022 (annual indicators). The sample included 118 countries. As a result, the modern international experience of FinTech humanization in the economy of artificial intelligence has been studied and the causal relationships of FinTech humanization in the economy of artificial intelligence through the integration of blockchain into ESG finance have been identified. The article proposes an economic and legal approach to the humanization of FinTech in the economy of artificial intelligence by integrating blockchain into ESG finance to ascertain the economic and political implications. The article contributes to the literature by clarifying the scientific provisions of the concept of the humanization of the economy. The theoretical significance of the obtained results is that the developed model (SEM) and the detailed regression equations have formed a comprehensive understanding of the patterns of humanization of FinTech. The resulting econometric model can be used to predict prospects for the development of blockchain-based ESG finance, as well as high-precision planning of state economic policy. The practical significance of the authors’ conclusions and recommendations is that they have formed a clear idea of modern barriers (“market failures” and “institutional traps”) and prospects (improvement of the institutional environment through the application of an economic and legal approach) to the humanization of FinTech in the economy of artificial intelligence through the integration of blockchain into ESG finance.

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Assessing the role of FinTech in entrepreneurial ecosystems at the international level

Khatami,

Cagno,

Smrčka

et al. 2024

Int Entrep Manag J

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The evolution of the Fintech entrepreneurial ecosystem in Africa: An exploratory study and model for future development

Cited by 17 publications

References 41 publications

Digital Start-Up Ecosystems: A Systematic Literature Review and Model Development for South Africa

Digital Start-Up Ecosystems: A Systematic Literature Review and Model Development for South Africa

Economic and legal approaches to the humanization of FinTech in the economy of artificial intelligence through the integration of blockchain into ESG Finance

Assessing the role of FinTech in entrepreneurial ecosystems at the international level

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