Steve McLaughlin, Founder and CEO of FT Partners, and Dan Ciporin, General Partner at Canaan Partners, lead keynote discussion at LendIt 2017
Prosper Marketplace Inc. struck a deal on Monday to sell up to $5 billion worth of consumer loans to a group of investment firms over the next two years.
FT Partners goes where its rivals do not, scouting out and establishing relationships with entrepreneurs at their early stages "almost like venture capital," the 47-year-old managing partner and CEO says and staying with them as they grow. "That's the real FinTech action," adds McLaughlin, and there may be no firm so extensively involved in it.
GreenSky LLC, which provides technology to banks and merchants to make loans, has raised $50 million from Fifth Third Bancorp in a deal that values the Atlanta startup at $3.6 billion. In 2014, GreenSky raised $300 million in equity capital from TPG, Wellington Management, and technology venture funds DST Global and Iconiq Capital.
This in-depth report looks at the major waves of innovation and disruption that are beginning to radically alter the insurance industry. The insurance industry, unlike many other areas of financial services, has not yet been substantially disrupted by new technologies and transformative business models. However, the industry now appears to be at a key inflection point as many different constituents in the FinTech ecosystem have their sights squarely set on insurance as the next great opportunity.
Depth, Not Breadth: Why Bigger Isn’t Always Better For Your Business
by: Danielle Sabrina
When you’re working with dozens or hundreds (or even thousands) of clients, people can easily become numbers, and relationship with your clients can feel transactional rather than personal. By staying small, however, business owners can more easily foster the kind of meaningful, personal relationships that clients seek…McLaughlin has seen the positive effect of these kind of deep personal relationships, both on his clients and his colleagues. By really understanding their clients’ needs, employees understand that they can and do make a big difference in their clients’ lives — which creates more meaningful, powerful results for the company and its clients alike.
3 Questions with Steve McLaughlin of FT Partners
by: Cindy Taylor
FintekNews is pleased to offer our weekly feature column "3 Questions". Each week, we feature a thought leader within a unique sector of FinTech and ask them to answer just 3 questions for our audience in their vernacular. This week, we'd like to introduce you to Steve McLaughlin, Founder & CEO of FT Partners, an investment banking firm focused exclusively on the financial technology sector. Steve was formerly a senior investment banker in Goldman Sachs & Co.'s Financial Technology Group and Financial Institutions Group in New York and San Francisco.
3 Questions with... "What are the most influential people in our business thinking, really thinking?" Paddock Consultancy wants you to know. Each month, we will present three simple, yet provocative questions to someone we respect in our industry. The questions will be our attempt to hear a different point of view from our Stars than what we typically see published. Perhaps this gets you thinking as well.
Banking and the larger financial services ecosystem have undergone major changes in the last few years—and this is just the beginning. New financial technologies and regulations are changing the way we interact with our money. This panel will bring together a few of the most connected leaders within the FinTech space to give the audience an inside look at what is occurring today and what tomorrow might bring. As connectors working with financial institutions and other buys of FinTech, these luminaries see some of the most interesting new financial technologies before they become mainstream, giving them a deep understanding of how emerging FinTech’s can prosper.
FinTech Finance 35, Ranked #4 Overall
"Steve personifies the combination of talent, vision, energy and experience that add up to an unprecedented level of leadership and influence in FinTech."
"Fintech Is Ending Money Management as We Know It"
by: Barry Ritholtz
FT Partners latest report, "Are the Robots Taking Over? The Emergence of Automated Digital Wealth Management Solutions," is covered extensively in a feature story on Bloomberg View by world-renowned economist Barry Ritholtz
"...For those of you who may not have thought much about how technology might affect Wall Street, the work you do each day, and how you do it not to mention what it means for your careers FT Partners latest report is invaluable."
"How to Find the Right Advisor for Your Capital Raise"
by Kari Lukovics, Axial
"Raising capital is an absolutely critical step for fast growing businesses. Finding the right advisor to help with this process can be challenging and time consuming. Investment banks specialize in advising companies through the capital raise or sale process and since they do so much more than just find buyers and investors, it’s important to find the right one for your business."
"'We were able to leverage our deep knowledge of financial technology and Axial’s unique marketplace offerings, along with our broad industry relationships to help the company achieve a favorable outcome,' said McLaughlin."
2016 Investment Banking Firm
of the Year
Cross Border M&A Deal of the Year
Dealmaker of the Year & Technology Deal of the Year
FT Partners Founder Steve McLaughlin wins "Investment Banking Dealmaker of the Year" for 2015 and is awarded Technology Deal of the Year for advising TransFirst on its $1.5B acquisition.
Institution Investor Interviews FT Partners Founder, "The Rest is History"
"...having the sector expertise but also the deep history of investment banking are important, but what we’ve found is having this boutique approach, understanding our client’s business and the personal side of our clients is what drives great outcomes..."
Fintech gears up for the latest wave of M&A action
FT Partners founder quoted, ...the dramatic uptick in venture capitalist and private equity funding into fintech is "a huge leading indicator for future M&A and IPO activity in the space."
FinTech Incubators Bring Back Innovation
Fintech startups face diverse and often-times daunting barriers to entry in the heavily-regulated financial services industry, making the fintech space different from other areas currently undergoing a process of rapid technological change.
An insightful Q&A Steve McLaughlin, Founder and Managing Partner, FT Partners
Financial technology is helping firms deal with everything from cost control to regulatory change. Steve McLaughlin, CEO of technology focused investment bank FT Partners, expects 2014 to be a landmark year for this industry.
Investment Banking Firm of the Year & Deal of the Decade Awards
FT Partners wins "Investment Banking Firm of the Year" award for 2011 and is recognized for "Deal of the Decade" with our 2010 representation of Mercury Payment Systems in its 60% investment from Silver Lake Partners.
"The Architect of Financial Technology"
Steve McLaughlin, founder and managing partner of Financial Technology Partners LP, has some advice for companies thinking about being sold: Run the business as though you are never going to sell.
by Pierre Paulden
FT Partners is "shaking up the corporate advisory business" and "wrestling away deals from bigger competitors."
"Life After Goldman"
by Denise Lugo
FT Partners is featured in Investment Dealers' Digest cover story.
Steve McLaughlin is hailed as a top alumnus who applied what he learned at Goldman to create success at FT Partners.
"Boutique Investment Banking Firm of the Year"
FT Partners wins three prestigious awards, including "Investment Bank of the Year" for the second time in three years.
"Investment Bank of the Year"
FT Partners wins "Investment Banking Firm of the Year" award for its accomplishments and deal prominence.
Most Influential Deal Maker in Financial Technology
Institutional Investor again recognized FT Partners founder Steve McLaughlin among the most influential people in e-finance and a top dealmaker in Financial Technology.
"Undermining the Underwriters"
by Justin Schack
FT Partners breaks new ground as IPO adviser to VeriFone and could "forever change the way companies go public."
"Selling on the Sly"
by Avital Louria Hahn
In Lynk's sale to RBS for $525 million, more than double the price of earlier bids, "the lion's share of the deal's success is due to FT Partners."
"The Online Finance 40"
Steve McLaughlin ranks #34 on II's 2006 list of the "most influential people on wired Wall Street." FT Partners' client Seth Merrin, CEO of Liquidnet Holdings is also on the list.
"FT Partners Investment Bank"
"One of the most sought after investment banks working the acquiring side of the payment card industry is Financial Technology Partners... It spends months on-site learning the client's business so it can promote the client's assets better than the principals of the company would. At top large investment banking firms, middle-market transactions valued at between $100 million and $2 billion are sometimes managed by the company's B or C teams."
"Goldman's Mini Me"
by Heidi Moore
When Charles Schwab Corp. agreed to buy SoundView Technology Group, the Old Greenwich, Connecticut-based research and trading firm turned to Financial Technology Partners.
"40 Under 40"
Steve McLaughlin featured in IDD's 40 Under 40 feature article highlighting top talent on Wall Street.
"Meet the Co-Opetition"
"The financial services and technology business are rife with conflicts. FT Partners' Steve McLaughlin says a little competitive cooperation can help."
"Financing Professional of the Year"
FT Partners Founder and Managing Partner Steve McLaughlin wins "Financing Professional of the Year."
"McLaughlin's New Deal"
by Justin Schack
Steve McLaughlin has his "eyes on the prize."
FT Partners Featured in Cover Story on FinTech Private Equity
FT Partners founder is quoted in the feature article on the surge in financial technology deals in private equity.
"There are still plenty of deals out there. There are plenty of firms being created now that in five or six years will be looking for capital."
"Get Ready for Financial Technology Deal-making to Go"
FT Partners and Steve McLaughlin quoted on key article highlighting recent uptick in financial technology M&A activity.
"We are seeing significantly more activity this year than last year, with many seller-driven deals at this early stage in the M&A cycle."
FT Partners Advises TradingScreen on Significant Capital Raise
FT Partners role in advising TradingScreen is highlighted along with key deal points and quotes from FT Partners Founder and TradingScreen's CEO.
"FT Partners helped us decide what would be the ideal shareholder structure for the future" Philippe Buhannic, TradingScreen CEO
Bankers eye M&A between financial-technology firms
As Wall Street's largest firms open their wallets for technology spending, investment bankers in increasing numbers are staking out ground for potential deal-making in a resurgent industry.
"Sage Group Picks U.S. Target"
by Danny Fortson
"The price was driven up in the auction run by San Francisco investment bank Financial Technology Partners, which attracted 10 private equity and trade bidders."
"TH Lee Scores Big in Liquidnet Sale"
by Mairin Burns
FT Partners arranged Liquidnet's $250 million "record-setting transaction" and achieved the "highest price that venture firms have ever paid for a minority stake in a technology company."
"Consolidation Process Will Likely Continue in Securities Industry"
Steve McLaughlin shares his insights into future of the securities industry with the SIN editorial staff.
"Schwab, SoundView Give and Take Independent Advice"
by Jeffrey Goldfarb
"Because we're small, we can't work on 10 transactions at a time, so we dedicate ourselves to the few transactions that we're working on and we make sure they get done flawlessly."
"New Kid on the Block"
Steve McLaughlin discusses his vision for FT Partners.
"Deal of the Year"
FT Partners wins "Deal of the Year" award as IPO advisor to VeriFone.
"Schwab Pays Big Bucks for SoundView"
by Denise Lugo
"Bankers Must Have Done an Incredible Sales Pitch"
"Observers said that SoundView's bankers may have been able to pull off such a strong closing price because they used the oldest trick in the book playing hard to get."
"CheckFree Buys Corillian: $245M"
Financial Technology Partners pegged the price at a 60 percent premium to market value and a 76 percent premium to enterprise value.
"People have to have the guts to hire the right advisor, which may not have the global brand name," said Steve McLaughlin, managing partner at FT Partners.