FinTechs have gained an important place in the financial sector with their dynamic and customer-oriented structures and innovative approaches and business models. In recent years, the competition between actors in the financial sector has intensified. In a rapidly developing sector, where competition is intense and challenging, efficiency is a very important performance indicator for fintechs. This study aims to measure and examine the efficiency performance of FinTech companies. Data Envelopment Analysis was used for efficiency measurement. By establishing a two-stage data envelopment analysis model, "profitability", "marketability" and "overall process" efficiencies of fintechs were measured and analyzed. Efficiency of FinTechs operating in eight different sub-sectors was measured for the period of 2010–2019. The results show that, fintechs’ profitability efficiency performances are higher than their marketability efficiency performances. Besides, efficiency performance of the fintech companies differs on the basis of sub-sectors. This paper is a pioneer study in efficiency measurement of FinTechs.

金融科技凭借其充满活力、以客户为导向的结构以及创新的方法和商业模式，在金融领域占据了重要地位。近年来，金融领域参与者之间的竞争日益加剧。在快速发展的行业中，竞争激烈且充满挑战，效率是金融科技公司非常重要的绩效指标。本研究旨在衡量和检验金融科技公司的效率表现。数据包络分析用于效率测量。通过建立两阶段数据包络分析模型，对金融科技企业的“盈利能力”、“市场性”和“整体流程”效率进行衡量和分析。对 2010 年至 2019 年期间八个不同子行业运营的金融科技公司的效率进行了衡量。结果显示，金融科技企业的盈利效率表现高于其市场化效率表现。此外，金融科技公司的效率表现因子行业而异。本文是金融科技效率衡量的开创性研究。