(Bloomberg) — Visa Inc. grew into one of the world’s most valuable financial companies by serving as the pipes that help connect banks and merchants.Now, it’s making a major bet on doing the same for data between banks and financial startups.Visa agreed to pay $5.3 billion for Plaid, a fintech firm that connects popular apps like Venmo to customers’ data in the established banking system. The deal caps a meteoric rise for Plaid and aims to keep fueling Visa’s own ascent, which has seen its stock triple in the past five years. The sale price is double Plaid’s $2.65 billion …read more
Source:: Yahoo Finance
