Visa Is Acquiring Fin-Tech Firm Plaid, Which Powers Venmo and Robinhood

Visa has made a deal to acquire financial tech company Plaid for $5.3 billion--almost double Plaid's last private valuation, according to CNBC. The San Francisco-based company, founded by Zach Perret and William Hockey in 2013, has technology that powers roughly 2,600 fin-tech apps--like Acorns, Betterment, TransferWise, Robinhood and Venmo--by linking users' bank accounts to more...
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