Meet the 4 ForbesUnder30 veterans behind Visa’s $5.3 billion acquisition of Plaid:
Timothy Archibald/The Forbes Collection
in 2012. Their idea was to make it easier and faster for fintech apps to connect to users’ bank accounts. Before Plaid, companies would often have to make tiny deposits—say, of $.02—into a consumer’s bank account and then require the user to log in days later to verify transactions before using the product. That friction caused a large percentage of potential customers to abandon a new app in the middle of the onboarding process.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Visa to acquire Plaid, the fintech powering Venmo and other banking apps, for $5.3 billion
Read more »
Why Visa Is Buying Fintech Startup Plaid For $5.3 BillionVisa announced it will acquire Plaid—a startup that connects payment apps like Venmo and Square Cash to users' bank accounts to transfer funds—for $5.3 billion. Here's why.
Read more »
Visa to acquire Plaid, the fintech powering Venmo and other banking apps, in $5.3 billion dealVisa says its $5.3 billion acquisition of Plaid could add as much as 100 basis points to its net revenue growth by 2021.
Read more »
Why Visa Is Buying Fintech Startup Plaid For $5.3 BillionVisa announced it will acquire Plaid—a startup that connects payment apps like Venmo and Square Cash to users' bank accounts to transfer funds—for $5.3 billion. Here's why.
Read more »
Payments giant Visa to buy buzzy startup Plaid for $5.3 billion - Business InsiderVisa had invested in Plaid's $250 million Series C in December 2018, which had reportedly valued the company at $2.65 billion.
Read more »
Visa makes another move beyond credit cards with $5.3 billion deal for PlaidThe largest player in credit cards is moving further beyond the traditional card-swiping model amid the rise of newer fintech options like Venmo and Betterment.
Read more »