A Fintech Expert Has Advice on Valuing IPOs
Brian Hamilton has his fair share of experience in the world of financial technology. He has worked for some of the largest banks in the world, including Capital One, where he ran merchant acquisition and small-business digital banking. Hamilton also has extensive experience building fintech companies and challenger banks -- smaller banks that focus on competing with larger, more established banks, typically by leveraging technology. Hamilton helped launch a company called Clear2Pay that later got acquired by Fidelity National Information Services. He also founded and led a fintech called Azlo, a challenger bank for freelancers and small business owners that had been owned by BBVA (Azlo and another challenger bank, Simple, are being shuttered as BBVA sells its U.S. operations to PNC Financial Services Group).
A few years ago, Hamilton left Azlo to found his current venture, One, a challenger bank that focuses on financial well being and simplicity for its users. Accounts offered by One comes with no fees and no minimums, free bank transfers, and a no-fee approved credit line, among other features. The account also allows users to create "pockets" for savings categories, some of which offer very attractive annual percentage yields.
The Motley Fool caught up with Hamilton to discuss the latest happenings in fintech, as well as how to value and examine fintech and challenger banks coming onto the public markets.
Source Fool.com
