Visa to Buy Plaid for $5.3 Billion in Bid to Reach Startups

  • Rapidly growing venture connects fintech startups to bank data
  • ‘We see helping them accelerate their growth,’ Visa CEO says
Why Plaid Agreed to Be Acquired by Visa
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Visa Inc. grew into one of the world’s most valuable financial companies by serving as the pipes that help connect banks and merchants.

Now, it’s making a major bet on doing the same for data between banks and financial startups.