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FT Partners
Financial Technology Partners (FT Partners) is an American boutique investment bank which focuses on the fintech sector. It is headquartered in San Francisco with additional offices in New York, Miami and London. History In 2002, Steve McLaughlin who was Global head of Financial Technology investment banking at Goldman Sachs left his job to found FT Partner from his apartment in Pacific Heights, San Francisco. FT Partners focused on fintech which at the time was still in its infancy. According to McLaughlin, the financial institution bankers did not like fintech as the deals were too small while the technology bankers did not like fintech as the deals were weird. When the firm was launched, McLaughlin was helped by unpaid interns from University of California, Berkeley to buy office supplies from a Staples store. After the Dot-com bubble, the firm for a while had to struggle to find any deals. An early deal that made the firm notable was for Lynk Systems Inc. It previousl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose Stock, shares and related rights or obligations are not offered for public subscription or publicly negotiated in their respective listed markets. Instead, the Private equity, company's stock is offered, owned, traded or exchanged privately, also known as "over-the-counter (finance), over-the-counter". Related terms are unlisted organisation, unquoted company and private equity. Private companies are often less well-known than their public company, publicly traded counterparts but still have major importance in the world's economy. For example, in 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for $1.8 trillion in revenues and employed 6.2 million people, according to ''Forbes''. In general, all companies that are not owned by the government are classified as private enterprises. This definition encompasses both publ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Initial Public Offering
An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment banks, who also arrange for the shares to be listed on one or more stock exchanges. Through this process, colloquially known as ''floating'', or ''going public'', a privately held company is transformed into a public company. Initial public offerings can be used to raise new equity capital for companies, to monetize the investments of private shareholders such as company founders or private equity investors, and to enable easy trading of existing holdings or future capital raising by becoming publicly traded. After the IPO, shares are traded freely in the open market at what is known as the free float. Stock exchanges stipulate a minimum free float both in absolute terms (the total value as determined by the share price multiplied ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Global Payments
Global Payments Inc. is an American multinational financial technology company that provides Financial transaction, payment technology and services to merchants, issuers and consumers. In June 2021, the company was named to the Fortune 500. The company processes payments made through credit cards, debit cards, and digital and contactless payments. History Global Payments was founded in 1996 and spun off from National Data Corporation, its former parent company, in 2001. Global Payments has been an independent, publicly-traded company on the New York Stock Exchange having the ticker symbol “GPN” since its spin off. In 2009, it paid $75 million for United Card Service, Russia's leading credit card processing company. In 2011, Global Payments's United Card Service bought Alfa-Bank's credit card processing unit. In October 2012, it acquired the smaller Accelerated Payment Technologies for $413 million. In October 2014, it purchased Australian payment processing company Ezidebit f ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Heartland Payment Systems
Heartland Payment Systems, Inc. is a U.S.-based payment processing and technology provider. Founded in 1997, Heartland Payment Systems' last headquarters were in Princeton, New Jersey. The company was acquired by Global Payments for $4.3 billion in 2016. Heartland Payment Systems provides payment processing for more than 275,000 business locations in the United States and processes more than 11 million transactions a day and more than $80 billion in transactions a year, as of 2014. In addition to payment processing, Heartland has developed or acquired businesses in payroll processing, gift card and campus card, point of sale systems, school payments and nutrition, network management, mobile payments and ordering, eCommerce, billing, and lending services. History Heartland was co-founded by Robert O. Carr in Princeton, New Jersey in 1997. In 2001, the company received a $40 million private equity investment from Greenhill Capital Partners, L.P. (New York, NY), LLR Partners, I ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vantiv
Worldpay is an American multinational financial technology company and payment processor, payment processing company. Worldpay provides payment and technology services to merchants and financial institutions globally generating 40 billion transactions across 146 countries and 135 currencies. With $4.9 billion in revenue as of 2023, Worldpay ranks as one of the largest non-bank merchant acquirers in the world processing $2.2 trillion in transactions annually. With 8,500 employees, the company is headquartered in Cincinnati, Ohio with its international headquarters in London and 40 offices across 25 countries. As of February 2024, Worldpay is co-owned by GTCR with a majority ownership interest of 55% and FIS (company), FIS retaining a 45% ownership interest. Worldpay's merchant base includes customers in vertical markets including retail, restaurant, government, e-commerce, supermarket, drug store, business to business and consumer services. Its financial institution base include ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Charles Schwab Corporation
The Charles Schwab Corporation is an American multinational Financial institution, financial services company. It offers banking, commercial banking, investing and related services including consulting, and wealth management advisory services to both retail and institutional clients. It is on the list of largest banks in the United States by assets. it had $10.10 trillion in client assets, 36.5 million active brokerage accounts, 5.4 million workplace retirement plan participant accounts, and 2.0 million banking accounts. It also offers a donor advised fund for clients seeking to donate securities. It was founded in San Francisco, San Francisco, California, and is headquartered in Westlake, Texas. It has over 380 Branch (banking), branches, primarily in financial centers in the United States and the United Kingdom. Founded as First Commander Corporation in 1971 and renamed to Charles Schwab & Co. in 1973, the company leveraged Deregulation#United States, deregulation of the 19 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
SoundView Technology Group
Soundview Technology Group is an American technology-focused firm known primarily for its equity research on technology and other growth-oriented companies. The securities and investment banking company was integrated into Charles Schwab in 2003. The business was relaunched in 2005 by former research director Ken Tuttle, who finally obtained SoundView's trademarks in 2011. Prior to 2003, Soundview was unique in that it combined accepted Wall Street research and distribution methods, with the intimate (albeit "arms length") relationship with Gartner analysts, and arguably became the leading technology research boutique on Wall Street. SoundView was based in Old Greenwich, Connecticut, and is now in Boston, Massachusetts. History In 1977, Gideon Gartner initiated a financial service for Gartner Group via a partnership with Dillon, Read & Co., which distributed its reports and personal services to Dillon, Read & Co. investment client organizations. Gartner Group severed the D ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
E-Trade
E*TRADE is an investment brokerage and electronic trading platform that operates as a subsidiary of Morgan Stanley. History In 1982, physicist William A. Porter and Bernard A. Newcomb founded TradePlus in Palo Alto, California, with $15,000 in capital. In 1983, it launched its first trade via a Compuserve network. In 1992, Porter and Newcomb founded E-Trade and made electronic trading available to individual investors. On August 16, 1996, the company became a public company via an initial public offering. The company sold 5,665,000 shares of its common stock for $10.50 per share under the stock ticker "ETFC" on the NASDAQ stock exchange. The company figured prominently in the dot-com boom, as both a way to speculate in internet stocks and an internet stock itself. In October 2020, the company was acquired by Morgan Stanley. Management history In November 2007, Mitch Caplan resigned as CEO and Citadel LLC received a seat on the board of directors of the company after C ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Conflict Of Interest
A conflict of interest (COI) is a situation in which a person or organization is involved in multiple wikt:interest#Noun, interests, financial or otherwise, and serving one interest could involve working against another. Typically, this relates to situations in which the personal interest of an individual or organization might adversely affect a duty owed to decision-making, make decisions for the benefit of a third party. An "interest" is a commitment, obligation, duty or goal associated with a specific social role or practice. By definition, a "conflict of interest" occurs if, within a particular decision-making context, an individual is subject to two coexisting interests that are in direct conflict with each other ("competing interests"). This is important because under these circumstances, the decision-making process can be disrupted or compromised, affecting the integrity or reliability of the outcomes. Typically, a conflict of interest arises when an individual occupies tw ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dealogic
Dealogic Ltd. is a financial markets platform offering integrated content, analytics, and technology via a service to financial firms. From origination to distribution and investors, the Dealogic platform provides a connection across banking, capital markets, sales and trading, and institutional investing. The company has offices located in London, New York, Hong Kong, Tokyo, Budapest, Sydney, Mumbai, São Paulo, and Beijing. Dealogic is currently owned by ION Investment Group. History Dealogic was founded in 1997 in the United States by Tom Fleming and Simon Hessel and in 2001 became the trading name of the combined Computasoft and CommScan entities. Computasoft was founded in 1983 in the United Kingdom by Simon Hessell, Peter Ogden, and Philip Hulme. CommScan was established in 1991 by Tom Fleming to acquire the assets of U.S. capital markets communications business Graphic Scanning Corp. In 2009, the company acquired the investor profiles products of Ilios Partners LLC. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Wall Street
Wall Street is a street in the Financial District, Manhattan, Financial District of Lower Manhattan in New York City. It runs eight city blocks between Broadway (Manhattan), Broadway in the west and South Street (Manhattan), South Street and the East River in the east with a length of just under 2,000 feet. The term "Wall Street" has become a Metonymy, metonym for the financial markets of the United States as a whole, the Financial services in the United States, American financial services industry, New York–based financial interests, or the Financial District. Anchored by Wall Street, New York has been described as the world's principal fintech and financial center. The street was originally known in Dutch language, Dutch as ''Het Cingel'' ("the Belt") when it was part of New Amsterdam during the 17th century. An actual city wall existed on the street from 1653 to 1699. During the 18th century, the location served as a slave market and Security (finance), securities ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity
Private equity (PE) is stock in a private company that does not offer stock to the general public; instead it is offered to specialized investment funds and limited partnerships that take an active role in the management and structuring of the companies. In casual usage "private equity" can refer to these investment firms rather than the companies in which they invest. Private-equity capital (economics), capital is invested into a target company either by an investment management company (private equity firm), a venture capital fund, or an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Private equity can provide working capital to finance a target company's expansion, including the development of new products and services, operational restructuring, management changes, and shifts in ownership and control. As a financial product, a private-equity fund is private capital ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
