Visa’s acquisition of Plaid represents both an entry into new businesses and complementary enhancements to Visa’s existing business. First, Plaid’s fintech-centric business opens new market opportunities for Visa both in the U.S. and internationally. Second, the combination of Visa and Plaid provides the opportunity to deliver enhanced

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13 Jan 2020 Visa has agreed to acquire Plaid, a group that connects financial-technology companies with their customers' bank accounts, for $5.3 billion in 

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Visa plaid

Visa's acquisition of Plaid seeks to boost its standing as a network of networks in a deal that will see significant growth to top lines and global expansion. Simon De Broise, Senior Associate at Collyer Bristow, examines the likely impact of the acquisition on the two companies and the financial sector as a whole.. The UK Competition and Markets Authority recently cleared the global card network Visa’s acquisition of Plaid, a US-based fintech, whose primary business is to act as an ‘aggregator’ in the payments sector.

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Visa plaid




Visa’s acquisition of data platform Plaid changed the way many viewed the data aggregation market. Kind of sleepy and boring, it’s like the greater industry awoke to the fact that data pipes underpin the interactivity and data sharing of modern financial services.

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When Visa scrapped its $5.3bn bid to absorb data-sharing fintech firm Plaid last week, one European fintech, in particular, was overjoyed. A source close to Tink, the Swedish open banking platform which raised $103m in December of last year, said the company and its investors were “punching the air” when they heard the deal had fallen apart.

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Plaid was founded in 2013 by Zach Perret and William Hockey. Its headquarters are in San Francisco. What Happened to the Visa Acquisition of Plaid? On January 13th, 2020, Visa announced it was acquiring Plaid for $5.3 billion.

Plaid, which was  12 Jan 2021 The companies struck an agreement to merge a year ago, with Visa (ticker: V) agreeing to pay $5.3 billion for the payments-technology company. 19 Jan 2021 The end of its $5.3 billion deal with Visa means data aggregator Plaid will continue to operate as an independent player in the financial  15 Jan 2021 Visa abandoned its $5.3 billion acquisition of Plaid Inc., a fintech company known for its data aggregation technology, but which was  20 Jan 2021 The failure of Visa's $5.3bn bid to absorb data-sharing fintech firm Plaid last week is great news for European fintechs. 13 Jan 2021 Visa and Plaid have called off their $5.3 billion merger.

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