Visa to Buy Plaid in $5.3 Billion Deal

Yesterday it was announced that Visa is planning to buy Plaid for $5.3 billion, double the valuation of Plaid’s 2018 round; Plaid operates behind the scenes, powering the the connections between financial institutions; Visa plans to expand their access to other fintech firms and also accelerate their movement outside of cards with the acquisition; in a blog post, Plaid CEO Zach Perret shared that Visa approached them and that Plaid will operate as an independent business. Lend Academy