Visa Buying Plaid Is Just The Beginning Of Fintech Consolidation

To investors,

The big news yesterday was that Visa is acquiring Plaid for $5.3 billion. Yes, you read that correctly. Visa is paying $5,300,000,000 for a technology company that was founded in 2012 and reportedly has less than 1,000 employees.

So what exactly does Plaid do?

According to Crunchbase, “Plaid is the technology platform providing the tools and …