International Business Research; Vol. 13, No. 6; 2020 ISSN 1913-9004 E-ISSN 1913-9012 Published by Canadian Center of Science and Education 34 Intellectual Capital and Company Performance: Evidence from European FinTech Companies Filomena Izzo 1 , Viktoriia Tomnyuk 1 , Giuseppe Varavallo 2 1 Department of Economics, University of Campania “Luigi Vanvitelli”, Capua(CE), Italy 2 Fondazione LINKS – Leading Innovation & Knowledge for Society, Torino, Italy Correspondence: Filomena Izzo, University of Campania “Luigi Vanvitelli”, Capua (CE), Italy. Received: March 25, 2020 Accepted: May 7, 2020 Online Published: May 8, 2020 doi:10.5539/ibr.v13n6p34 URL: https://doi.org/10.5539/ibr.v13n6p34 Abstract The scope of this study is to examine the impact of Intellectual Capital (IC) on the performance of European FinTech companies. Despite numerous studies conducted to measure the IC, only a few of these explore the impact of IC in dynamic and technological markets. This study intents to contribute to the existing literature by examining a completely new sample of companies that operate in the condition of Industry 4.0. This paper uses data of 12 European Fintech companies from 2016 to 2018, listed in the Dealroom global database. This research employs the Value Added Intellectual Coefficient (VAIC) model proposed by Pulic to measure Intellectual Capital. To obtain accounting information, the authors utilised the Amadeus Bureau van Dijk database. Keywords: FinTech, VAIC model, performance, intellectual capital, Europe 1. Introduction Over the last decennary, a continued advancement founded on new digital technologies has been affecting the entire society by guiding to the diffusion of a digital economy (Gandomi & Haider, 2015; Raguseo, 2018; Diebold, 2018). We are at the establishment of the fourth industrial revolution, is described by the incorporation of physical activities with new digital ones, from the usage of data in sustain of the industrial activities to the optimization in the implementation of working procedures (Valerdi, 2017; Al-Barznji & Atanassov, 2017). In this business condition, knowledge-based competition has grown into the core lead for economic development (Krstic & Bonic, 2016; Vale et al., 2016; Roos, 2017; Lee & Wong, 2018). In order to survive over an ever-changing condition, businesses change their strategies from labor-based business to knowledge-based business (Sadalla and Marlina, 2018). As a consequence, IC is a view as the principal sources of a firms competitiveness wealth in this economy era (Petty & Guthrie, 2000; Petty & Guthrie, 2000; Marr et al., 2003; Vaz et al., 2015; Roos, 2017; Popkova, 2019). Intellectual Capital includes knowledge, culture, skills, and process strategy that generate value and facilitate the firm to attain its aims (Teece, 2000; Reed et al., 2006;Hsu et al., 2009, Albertini,2016). More studied underline Intellectual Capital as a concealed resource that produces the economic value and influences remarkably the level of competition and success of a business (Ginesti et al., 2018; Marzo & Scarpino, 2016; Gogan et al., 2016). An enterprise that converts their human, structural and relational capital, which are the components of IC, into information will open its doors to innovations and achieve the ability to act proactively (Fidanbas & Irban, 2019). Scholars have investigated the relationships between Intellectual Capital and companies' performance (Meles et al., 2016; Ginesti et al., 2018). Despite numerous studies conducted to measure the IC, just a small number of these study the impact of IC in dynamic and technological markets (Dženopoljac et al.,2016). This study aims to support the existing literature by examining a completely new sample of companies that operate in the condition of Industry 4.0.: European fintech companies. Our paper contributes to the literature in that, it offers comprehension of how-to asses Intellectual Capital performance in the European Fintech companies. Furthermore, it recognizes the potential position of Intellectual Capital in fintech company business performance in Europe. This study additionally supports policymakers in attaining their economic stability goal in 4.0 economic Era. The rest of this paper continues as follows. The ensuing section provides a literature review. Section 3 presents the data, definitions of the variables, and the research methodology. Section 4 offers empirical results of the