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Visa to Acquire Fintech Startup Plaid for $5.3B

By
Chris Noble
· · Source: The Information

Visa will acquire Plaid, a startup that allows companies to connect with customer financial accounts, for $5.3 billion, the companies said. The price is about twice Plaid’s $2.65 billion valuation in a 2018 funding round, in which Visa participated, according to the Wall Street Journal . Other major Plaid investors include Spark Capital, NEA and Kleiner Perkins, according to Pitchbook data. ...

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