On Monday, Visa Inc stated that it is going to buy Plaid Inc, privately held software startup. The deal is worth $5.3 billion. It will boost Visa Inc’s access to the booming financial technology space.
The transaction reflects a trend of traditional financial firms. These firms are ready to acquire businesses even at high-prices who have established strong positions servicing the cashless and digital economy.
Tags : Merger and Acquisitions, Visa Inc, Plaid Inc ,