Tech Company M&A Transactions
Plaid Acquisition
On 1/13/2020, Plaid was acquired by Visa. Financial terms set the valuation at $5.3 billion.
Transaction Overview
Company Name
Acquired By
Announced On
1/13/2020
Transaction Type
M&A
Amount
$5,300,000,000
M&A Terms
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 payment capabilities and related value-added services to fintech developers. Finally, the acquisition will enable Visa to work more closely with fintechs through all stages of their development and drive growth in Visa's core business.
Company Information
Company Status
Acquired or Merged
Industry
FinTech
Mailing Address
25 Maiden Ln.
San Francisco, CA 94108
USA
San Francisco, CA 94108
USA
Phone
Undisclosed
Website
Email Address
Not Recorded
Overview
Plaid is the modern API for banking data. It allows developers to programatically interact with banks and credit cards.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Co-Founder
William Hockey
Co-Founder
Zach Perret
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