Karthik Suresh

Jan 22, 2020

5 min read

Unpacking the $5.3B acquisition of Plaid

Last summer, while working at Blend, a digital lending platform focused on helping lenders process loans in a much simpler, faster, and safer way, I had the opportunity to explore and use some of Plaid’s API’s to connect with consumer data in order to process loan information in a much faster way. Since then I have been intrigued by Plaid’s business model and its ecosystem. Following on the heels of its recent acquisition by Visa, I’ve decided to unpack what Plaid does and why it’s a valuable component not just to Visa, but to the overall fintech ecosystem.