14 Jan 2020

Why Visa Is Buying Fintech Startup Plaid For $5.3 Billion

Visa announced that it plans to acquire Plaid, a startup that connects payment apps like Venmo to users’ bank accounts to transfer funds they have received through the apps. The acquisition will cost Visa a whopping $5.3 billion, although the company Plaid was valued at $2.65 billion just a year

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