Green Dot, fintech partner to Apple and Amazon, is still undervalued after stock doubled, CEO says

Green Dot, fintech partner to Apple and Amazon, is still undervalued after stock doubled, CEO says

Dan Henry, CEO of Green DotSource: Green DotGreen Dot, a fintech player that's often overlooked compared to bigger rivals PayPal and Square, has been on a tear lately, with its stock climbing 140% last year.Still, the company's shares have ample room to run as it launches a digital bank account for low and moderate income Americans and inks more partnership deals, according to CEO Dan Henry, hired in March to lead a turnaround of the firm.Green Dot started two decades ago as a pioneer in prepaid debit cards, which allowed people without bank accounts or credit history to use plastic. After acquiring a small FDIC-backed bank, Green Dot became the de facto partner for tech giants including Apple, Uber and Amazon, providing the regulated banking rails and deposit accounts for products including Apple Cash.Now, under Henry and his new leadership team, Green Dot is making a play to become the main bank account for the 100 million Americans underserved by traditional banks, a space where start-ups including Chime have made headway. Green Dot's market capitalization of about $3 billion is dwarfed by most of his rivals, including the $14.5 billion private valuation of Chime."We are the after-Christmas sale of a