Notwithstanding the emergence of FinTech startups in the fnancial services industry, most of these companies face signifcant difculties in breaking even and surviving. This study examines the main managerial, institutional, and fnancial drivers of FinTech proftability and the time it takes for these frms to break even. The database includes relevant qualitative factors, such as foundational characteristics, the technological profle of the startup, and its funding structure. Using the full population of FinTech startups operating in Spain from 2005 to 2017, we observe that most of these frms are unproftable within three years of their inception. Combining panel data and survival analyses, we empirically fnd that large and solvent FinTech frms founded by single entrepreneurs in an incubator or accelerator program are more likely to be proftable and prevail. FinTech frms reach their break-even points faster if they receive funding through seed capital.