Visa proposes to pay $5.3 billion for Plaid, a company established only in 2013 that enables consumers to securely connect their accounts at incumbent banks to fintech apps – such as Venmo, TransferWise, Betterment, Acorns and many others – through which they manage their finances away from traditional banks.
It is a telling sign of the transformation of financial services that a leader such as Visa should offer such a sum for a young company that investors valued at just $2.4
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