Financial technology (FinTech) is an economic industry composed of companies that use technology to make financial services more efficient. Fintech is recognized as one of the most important innovations in the financial industry and is evolving at a rapid speed, driven in part by the sharing economy, favorable regulation, and information technology. Fintech promises to disrupt and reshape the financial industry by cutting costs, improving the quality of financial services, and creating a more diverse and stable financial landscape. With the advances in e-finance and mobile technologies for financial firms, fintech innovation emerged after the worldwide financial crisis in 2008 by combining the e-finance, internet technologies, social networking services, social media, artificial intelligence, and big data analytics.

The valuation of FinTech companies concerns promising startups and some seasoned firms. FinTechs have a hybrid business model, as they operate in the financial (banking) sector deploying their technological attitudes. Evaluators may so wonder if FinTechs follow the typical evaluation patterns of bank/financial intermediaries or those of technological firms. Preliminary empirical evidence shows that the latter interpretation is the one consistent with the stock-market mood, and the business model of FinTechs. Evaluation patterns typically follow Discounted Cash Flows (DCF) or other metrics based on market comparables.