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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This banker is minting money in the fintech boom
“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.”
