Джерело:
Slashdot
Дата публікації:
14/01/2020 00:30
Постійна адреса новини:
http://www.vsinovyny.com/6527852
Visa Is Acquiring Plaid For $5.3 Billion
14/01/2020 00:30 // Slashdot
Visa announced today that it is buying financial services API startup Plaid for $5.3 billion, roughly double the price of its last private valuation. TechCrunch reports: Plaid develops financial services APIs. It is akin to what Stripe does for payments, but instead of facilitating payments, it helps developers share banking and other financial information more easily. It's the kind of service that makes sense for a company like Visa. The startup bought Quovo two years ago to move beyond just banking, and into broader financial services and investments. The idea was to provide a more holistic platform for financial services providers. As the founders wrote in a blog post at the time of the acquisition, "Financial applications have historically used Plaid primarily to interact with checking and savings accounts. In acquiring Quovo, we are extending our capabilities to a wider class of assets." The deal is expected to close in the next three to six months, pending regulatory approval.
Read more of this story at Slashdot.
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