VISA’s $5.3B Plaid Purchase Gets Cancelled

SAN FRANCISCO – Visa (V: NYSE) and Plaid have ended their agreement for a merger, concluding any hopes of the former, a global financial giant and major payment card company acquiring the data-centric fintech start-up. Since announcing the deal nearly a year ago; both parties have agreed to end negotiations. This was following a suit […]

Visa acquires Plaid for $5.3 billion

SAN FRANCISCO – Visa Inc. (NYSE: V) announced that it has agreed to buy privately held software startup Plaid Inc. for a record USD $5.3 Billion. Plaid is a financial data aggregation company that connects end users bank data to various online and mobile platforms, such as Venmo, Acorns and Chime. “Plaid is a leader […]