July 19, 2019

#Fintech50: 2014 Top Fintech 50 Startups Experienced Lower CEO Turnover Rate

In 2014, KPMG together with AWI and FSC released the “50 Best Fintech Innovators” report, one of the first papers that examined the most prominent Fintech players globally. 5 years on, CFTE is taking an in-depth look at the evolution of these 50 companies.


Since 2014, the top 50 Fintech startups as listed by a KPMG report recorded an annual CEO turnover rate of 9%. This is lower than the turnover rate of 11% for companies in the S&P 500, although slightly higher than the 7.94% expected of private firms in the United States of America.

In the five years since 2014, 19 out of the 50 startups went through a CEO change while independent (ie. before any acquisition deals). It can be argued that the higher rate of CEO turnover among the S&P 500 is down to the fact that more of these firms are public and have lower growth rates when compared to the Fintech startups, with growth being negatively correlated with a change in leadership.

This may now change among the Fintech 50 as four of them have since gone public, with two already public to begin with at the time of the report’s publication. In addition, the turnover rate of leadership has increased since studies determining this exact statistic were first conducted. 

However, despite startups having a reputation for high turnover rates, the Fintechs listed have displayed impressive consistency with regard to changes among their management positions. How have they done this?

The details and more will be available in the Fintech 50: Back to the Future Report available on July 22. Sign up here to automatically get it, for free, upon release.


The “Fintech 50: 5 Years in Fintech” report by CFTE presents their milestones, investment deals, growth and talent trends. We examine their hiring, survival rate, changing business models, success against incumbents, and expansion both geographically and in terms of market share.

About CFTE

We are a platform supported by senior leaders from the largest institutions, startups, and universities. We address the needs of professionals in finance to upskill in a rapidly changing industry being transformed by emerging technologies. More than 50,000 participants learn from our online courses, such as AI in Finance, Fintech Foundation or Extrapreneurship, a mini-MBA with fast-growing startups such as Revolut or Shift Technology.

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