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Startup Classes: Why Visa Paid $5.3 Billion For Plaid

Startup <a href=""></a> Classes: Why Visa Paid $5.3 Billion For Plaid

Fintech theme with company woman utilizing a tablet computer

The dealmaking when you look at the technology globe got down to a very early begin this 12 months. Visa announced a $5.3 billion acquisition of Plaid, which develops APIs to really make it simple to share banking along with other monetary information. It has permitted the ongoing company to capitalize on the megatrend of fintech startups like Acorns, Betterment, Chime, Transferwise and Venmo. About one fourth associated with the population within the US–who have bank accounts–benefit through the solution.

Based on an article from Plaid co-founder Zach Perret: “What started with two founders building in a cramped meeting space happens to be an unbelievable system that permits scores of customers to connect with more than 2,500 electronic finance services and products. Continue Reading →