January 14 - 09:01
Visa to pay $5.3 billion for Plaid
Plaid, the fintech startup behind the key technology that connects payments apps with personal bank accounts, has been sold to Visa. The transaction will be worth a sizeable $5.3 billion. Visa believes the network will power new opportunities for its global customers. Zach Perret and William Hockey (pictured) founded Plaid in 2013. One in four people with a US bank account have used its services.
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