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His firm, Financial Technology Partners LP, is on track for some $600m in revenue this year, according to people familiar with the matter. Valuations of similar listed firms would peg its worth at $2b or more. Mr. McLaughlin owns it all, having doled out none of the firm’s equity to its 225 or so employees.
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“It’s like what they say about good hockey players—they don’t skate where the puck is, but where it’s going,” said Mark Loehr, a repeat fintech founder who met Mr. McLaughlin in the late 1990s. “Steve was there long before it was fashionable.”
https://www.wsj.com/articles/this-banker-is-minting-money-in-the-fintech-boom-11638712801
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