Visa just spent $5.3 billion to acquire Plaid, the fintech company powering Venmo and other banking apps. Plaid’s API software allows startups, like the mobile investing app Robinhood and the cryptocurrency exchanges Coinbase and Gemini, to connect to users’ bank accounts. According to Visa, one in four people with a US bank account have used Plaid’s technology.
Sorgente: Visa acquires the fintech company behind Venmo for $5.3 billion