Just spotted something interesting in the fintech space that most people seem to be sleeping on right now.

There's this payments company that's been absolutely hammered since its 2021 peak — trading at 77% below all-time highs. But here's the thing: the valuation actually looks pretty compelling now. We're talking EV/EBIT ratios around 15.1, which is genuinely attractive in today's market environment.

The business itself is solid too. Their main payments segment showed 9% year-over-year gross profit growth last quarter, while their cash app product did even better with 24% growth. Operating income has been climbing steadily. So it's not like this is some broken company — it's just priced like the market forgot about it.

But here's where it gets interesting for crypto believers. This company has been quietly building out serious Bitcoin infrastructure. They've got a self-custody wallet, mining equipment operations, and they're letting users trade Bitcoin directly. Cash app users can actually buy it, and sellers can accept Bitcoin payments. CEO has been publicly bullish on Bitcoin since 2021, seeing it as the internet's native currency.

With Bitcoin currently trading around $69.98K and potentially heading higher, this could be one of those sleeper stocks that suddenly gets re-rated. If Bitcoin starts making real moves, the market might finally wake up to the fact that this company is actually well-positioned for the crypto cycle. When that happens, the valuation multiple probably won't look this cheap anymore.

The risk-reward setup feels interesting if you believe in Bitcoin's next leg up. Worth keeping on your radar, especially if you're looking at fintech plays with crypto exposure.