Shift4’s solid Q2 2024 and the quest to become the SpaceX of Payments 💸👨‍🚀; FinTech M&A is alive as Payoneer expands global reach with strategic acquisition of Skuad 🤝💰

FinTech is Eating the World, 9 August

Hey Everyone,

Good morning & happy Saturday! We’re finishing off another great FinTech week on a weekend but the newest issue is absolutely worth the wait as today we’re going to look at Shift4’s solid Q2 2024 and their quest to become the SpaceX of Payments (analyzing the most important facts & figures so you can see why Shift4 is still one of the most undervalued public FinTechs right now + some bonus reads inside), and FinTech M&A that’s still alive as Payoneer buys Skuad (what it’s all about & why it’s a brilliant move + a bonus dive into Payoneer). So let’s just jump straight to the amazing stuff 🌶️

Shift4’s solid Q2 2024 and the quest to become the SpaceX of Payments 💸👨‍🚀

Following the money 💸 Payments FinTech Shift4 Payments FOUR 0.00%↑ stock is up more than 24% this week following Q2 earnings that came in better than expected as payments volume kept going strong. On top of that, the company raised its 2024 guidance for adjusted EBITDA to above the consensus 😳

Shift4 demonstrated impressive growth and strategic expansion in recent quarters. As a leading independent provider of software and payment processing solutions in the United States, Shift4 has positioned itself at the intersection of software and payments, capitalizing on the growing demand for integrated payment solutions across various industries.

So let’s take a closer look at the most important facts and figures from their latest Q2 2024 financials and see why Shift4 is still one of the most undervalued public FinTechs right now.