Publicação
FinTech valuation: developing a structured approach to growth estimation and regulatory risk integration in DCF models
| authorProfile.email | lennart.erd@gmail.com | |
| datacite.subject.fos | Ciências Sociais::Economia e Gestão | |
| dc.contributor.advisor | Habib, Nadim | |
| dc.contributor.author | Erdmann, Lennart | |
| dc.date.accessioned | 2026-06-08T10:34:37Z | |
| dc.date.available | 2026-06-08T10:34:37Z | |
| dc.date.issued | 2025-06-25 | |
| dc.date.submitted | 2025-06-02 | |
| dc.description.abstract | This paper proposes an enhanced DCF valuation framework tailored to FinTech firms by addressing two key limitations: unrealistic growth assumptions and the exclusion of regulatory risk. It introduces an empirically fitted S-curve to capture nonlinear growth and a Regulatory Risk Premium (RRP) scorecard to adjust the cost of equity based on jurisdiction-specific regulation. Applied to Klarna, Revolut, and Nexi, the model improves valuation accuracy and realism. Results show that traditional models can significantly misprice FinTechs, especially in early-stage or high-risk regulatory environments. The framework offers a transparent, data-driven approach for valuing innovation-driven financial firms. | eng |
| dc.identifier.tid | 204131170 | |
| dc.identifier.uri | http://hdl.handle.net/10362/203697 | |
| dc.language.iso | eng | |
| dc.relation | UID/ECO/00124/2013 | |
| dc.rights.uri | http://creativecommons.org/licenses/by/4.0/ | |
| dc.subject | Valuation | |
| dc.subject | Corporate finance | |
| dc.subject | Fintech | |
| dc.subject | Regulation | |
| dc.subject | CEMS MIM | |
| dc.title | FinTech valuation: developing a structured approach to growth estimation and regulatory risk integration in DCF models | eng |
| dc.type | master thesis | |
| dspace.entity.type | Publication | |
| thesis.degree.name | A Work Project, presented as part of the requirements for the Award of a Master’s degree in Finance from the Nova School of Business and Economics |