Shift4 (FOUR +2.96%) is an industry-specific payment processing company with upside potential ahead. In this clip from "The Future of Fintech" on Motley Fool Live, recorded on June 16, Motley Fool contributors Matt Frankel and Jason Hall discuss what differentiates Shift4 among the crowded fintech space.
Matt Frankel: Shift4. Jason ranked this highest. Lou ranked the lowest because Lou does not like growth stocks. [laughs] With that in mind, Shift4, if you're not familiar, they are a payment processing company. They are very industry-specific. Their big focus is restaurants. They want to provide an all-in-one hospitality platform, think Toast (TOST +6.99%), but with payment processing as well, and a bunch of other things. Jason, why did you rank this one so highly?
Jason Hall: I have a lot of conviction in the founder and CEO. No. 1, I've seen a business that is building out some optionality. They've made moves into hospitality as well. They're looking to expand more into other areas like consumer retail. I appreciate that, continuing to look to what's next. I think it's really important. Payments is so big and there's a lot of companies that do this. There's not a lot of companies that necessarily have any serious differentiator. I think they're trying to differentiate themselves and give their cohorts in these different buckets better tools to make it easier for them to do the thing that they do, whatever their businesses. I really think that's going to prove itself out. I really do.
