Visa Acquires Plaid, a Crypto-Friendly Fintech Company for $5.3 Billion

Marko Vidrih
Jan 14 · 2 min read

Credit card giant Visa had invested in the startup Plaid at an early stage, and now Visa is taking it over. The regulators still have to approve the deal.

Credit card giant Visa is taking over the fintech startup Plaid for $5.3 billion. At least, the companies announced in a corresponding agreement on Monday after the US exchange closed.

We are extremely excited about our acquisition of Plaid and how it enhances the growth trajectory of our business,” said Al Kelly, CEO and chairman of Visa. “Plaid is a leader in the fast growing fintech world with best-in-class capabilities and talent. The acquisition, combined with our many fintech efforts already underway, will position Visa to deliver even more value for developers, financial institutions and consumers.”

Zach Perret, CEO and co-founder of Plaid, also commented on the takeover. Plaid’s mission is to make money transactions easier for everyone. The takeover by Visa gives fintech the opportunity to advance this promise on a global level, he said.

Regulators still have to approve the deal

Author: Marko Vidrih

Featured image credit: Pixabay


The Capital

The Capital (former Altcoin Magazine) is a social financial news aggregator powered by Bitcoin

Marko Vidrih

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Most writers waste tremendous words to say nothing. I’m not one of them.

The Capital

The Capital (former Altcoin Magazine) is a social financial news aggregator powered by Bitcoin

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