Visa acquires the fintech company behind Venmo for $5.3 billion

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 t…

Source: Engadget – Visa acquires the fintech company behind Venmo for .3 billion