At the right time, boards offer an opportunity to deliver great things for the fintech startups that adopt them – but in many companies this potential goes unfulfilled.
To better understand how the composition of fintech startup boards can affect a company, we once again partnered with Copenhagen FinTech to interview fintech founders and CEOs, board members and VCs. We also surveyed Copenhagen Fintech Lab’s startup residents.
Our research identifies the elements required if board members are to boost a company’s income and chances of success. We also considered the specific capabilities and competencies board members need at different periods of a fintech’s development.
Our practical steps set out a path to help fintechs derive greater value and insights from their boards, with relevance to companies beyond the financial services sector.
If there’s a need for a board to deliver operationally then the management team doesn’t have the right composition of profiles.
VC REPRESENTATIVE IN FINTECH BOARD
Making a board work in a fintech environment is complex but we’ve identified three perfectly achievable steps to deliver the right board at the right time:
It can be difficult to make changes in a board as you go.
It’s been quite difficult for us to figure out how to make use of our board.
CEO OF FINTECH STARTUP