Table 4 Summary statistics for the full sample of FinTech companies by type of founder, number of founders, location, digital presence, and funding

Panel A. Type of founder

Entrepreneur

91%

100%

100%

100%

77%

100%

81%

94%

93%

100%

89%

Company

9%

0%

0%

0%

23%

0%

19%

6%

7%

0%

11%

Panel B. Number of founders

Mean

1.95

1.72

2.5

1.83

2.04

1.67

2.28

2.94

2.5

2

2.1

Median

2

1

2.5

1.5

2

1

2

3

2.5

2

2

Maximum

4

3

4

4

5

4

7

8

3

2

8

Panel C. Location

Madrid

14

4

3

4

19

4

24

8

9

0

89

Barcelona

2

1

1

2

2

1

14

4

6

0

33

Valencia

3

2

0

0

2

2

3

0

0

0

12

Others

4

4

0

0

12

2

7

6

0

1

36

Panel D. Digital Presence (Google Trends)

Spain: mean

17.15

14.76

5.61

18.64

16.99

16.77

23.52

13.42

12.35

2.66

17.48

Spain: median

7.58

9.87

2.52

7.5

11.67

12.83

17.08

6.25

6

2.66

9.91

World: mean

19.02

14.82

7.73

30.82

17.83

27.55

24.09

13.11

10.21

23.95

18.89

World: median

9.83

12.12

3

30.25

13.83

15.92

19.17

4.08

4.58

23.95

12.25

Panel E. Funding

Total

17

5

4

4

21

19

75

13

19

2

179

%

9.50%

2.79%

2.23%

2.23%

11.73%

10.61%

41.90%

7.26%

10.61%

1.12%

1