How do FinTech companies contribute to the achievement of SDGs? Insights from case studies

Abstract

This study adopts an exploratory and inductive approach, employing grounded theory and multiple-case study methodology to examine how FinTech companies contribute to achieving Sustainable Development Goals (SDGs). Two main categories of findings emerge, with theoretical and practical implications. First, we provide insights into the direct and indirect contributions of selected FinTech companies to SDG achievement through eight propositions. Financial value precedes social/environmental value, with mutual reinforcement between financial and social goals. The mission, objectives, and target markets of FinTech companies determine the specific SDGs they address. Second, our findings emphasize the need to reconsider classical FinTech business models by aligning technology with societal and environmental added value. We propose an "Impact FinTech" model where technology serves the delivery of social or environmental value to local communities. This study recognizes the limitations inherent in case selection, data collection, and analysis associated with the multiple case study approach, which should be considered in future research.