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TEXXR

Chronicles

The story behind the story

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Visa is buying Plaid, which helps popular fintech apps connect to users' bank accounts, for $5.3B

- Visa is buying Plaid in a deal worth $5.3 billion — roughly double the start-up's last private valuation.  — Plaid's API software lets start-ups connect to users' bank accounts and works with Venmo

CNBC Kate Rooney

Discussion

  • @salihsarikaya Salih Sarikaya on x
    Corporates are buying insurance against disruption: Have you heard of @Plaid before? @Visa is acquiring financial services API startup Plaid for $5.3 billion, 2x its final private valuation https://techcrunch.com/...
  • @rickyang Rick Yang on x
    Founders—if this has inspired you, DMs are open! 🙃 + Congrats to my partners @patrickchung & @ravi_vis who were huge supporters from day one. @arampell @hunterwalk @VC_LisaWu @Mark_Goldberg_ #MaryMeeker @santopoliti @satyap @speechu #TopherDawe @weschan—let's do it again! 👊 pic.t…
  • @zebulgar DELIAN Asparouhov on x
    Visa presentation on why they acquired Plaid is an incredible read So interesting to see how they articulate how it fits into the overall Visa strategy https://s1.q4cdn.com/...
  • @bgarlinghouse Brad Garlinghouse on x
    Not surprising to see this kind of consolidation, and expect this will set the stage for more to come in 2020 - in fintech, crypto and beyond. https://twitter.com/...
  • @charleyma Charley Ma on x
    When I flew out to sf over 5 years ago for my final interview at Plaid, almost all the “experts” I talked to told me not to join. “The market is too small, the founders don't have the right experience, the team is all randos, the company is way too small, etc etc” https://twitter…
  • @brianroemmele Brian Roemmele on x
    Boom! Visa just announced they are buying fintech Plaid for $5.3 billion. This bodes very well to the path of Visa (and other card brands) embracing Bitcoin as I predicted in 2014. In 2014 I was a charlatan to suggest this. In 2020 it is possible but not likely. In 2025? https://…
  • @zachperret Zachary Perret on x
    Wow. Today has been surreal. I'm so incredible proud of the company that the @Plaid team has built over the past 7 years. Today's announcement is a huge milestone for our company, customers, bank partners, and the fintech ecosystem! https://www.cnbc.com/...
  • @nea @nea on x
    🎉 Congratulations, @Plaid @williamhockey @zachperret —the #fintech 🤑 company that has made money easier is to be acquired by @Visa! @NEA's @rickyang, an early investor and BOD member, details The Hard Work Behind Making Money Easy: https://www.nea.com/... pic.twitter.com/Jvw6tRW…
  • @joshelman Josh Elman on x
    Big move for Visa to insert themselves and stay at the center of fin tech. Huge for the industry and congrats to team @Plaid! https://twitter.com/...
  • @alexrkonrad Alex Konrad on x
    Visa is acquiring startup Plaid for a whopping $5.3 billion. Wondering what Plaid does? I profiled the fintech unicorn in the April 2018 issue of @Forbes: https://www.forbes.com/...
  • @dwr Dan Romero on x
    Coinbase has been able to move many billions of dollars into Bitcoin via the US ACH system—a convenient but reversible (and thus fraud-prone) payment rail—in large part because of what Plaid provides. Underrated part of the crypto adoption story in the US.
  • @mokoyfman Mo Koyfman on x
    I'm so happy for @zachperret @williamhockey and the entire @Plaid team. They did it with relentlessness, creativity, dignity, and class. They deserve it all and more. Onwards! https://www.businesswire.com/ ...
  • @satyap Satya Patel on x
    Can't say enough about @zachperret @williamhockey and the @Plaid team. Truly revolutionizing an industry. https://www.businesswire.com/ ...
  • @visanews @visanews on x
    Visa to acquire @Plaid, a network that makes it easy for people to securely connect their financial accounts to the apps they use to manage their financial lives https://www.businesswire.com/ ... https://twitter.com/...
  • @adamnash Adam Nash on x
    Wow wow wow. Congrats to @zachperret and the @plaid team. This is an incredible outcome. 🎉🔥🚀 Visa acquires Plaid for $5.3 Billion. https://www.businesswire.com/ ...
  • @jamestitcomb James Titcomb on x
    Imagine a company that lets you move money out of your bank account being worth $5.3bn in anywhere but America https://www.businesswire.com/ ...
  • @levynews Ari Levy on x
    goodness i did NOT see this one coming https://www.cnbc.com/...
  • @kr00ney Kate Rooney on x
    It's official: Visa is buying @Plaid, the fintech start-up powering Venmo and other banking apps, for $5.3 billion. Roughly 2x its last private valuation 💸 https://www.cnbc.com/...
  • @bullyesq @bullyesq on x
    Wow - what a great move by Visa. This is YouTube/WhatsApp tier M&A. https://www.cnbc.com/...
  • @leimer Bradley Leimer on x
    Congrats to early investors and employees of Plaid. Crazy number. Still unsure how Visa will capitalize but they needed something. Good times, good times. https://twitter.com/...
  • @psb_dc Theo on x
    Whoa. Doesn't seem like there is an end to the buying / merger spree in #payments and #fintech. So who is next? Any predictions? @bornonjuly4 @leimer @Clagett @MicheleTivey https://twitter.com/...
  • @mcwm Mike Murphy on x
    so many fintech apps, big move by visa https://www.cnbc.com/...
  • @mark_goldberg_ Mark Goldberg on x
    1/ Congrats to @Plaid, @zachperret and @williamhockey on merging forces with @Visa! So proud to have been part of the journey along with @arampell, Mary Meeker, @rickyang, @santopoliti. https://blog.plaid.com/...
  • @eringriffith @eringriffith on x
    heyo - big fintech exit for goldman, index, NEA, spark and KP (a mary meeker deal, i believe) https://www.businesswire.com/ ...
  • @howardlindzon @howardlindzon on x
    I like this Take. Have to imagine bid up because MasterCard was involved too ...oh man our data is truly being aggregated .... https://twitter.com/...
  • @zerobeta Justin Paterno on x
    Plaid and Visa deal makes sense. Plaid has a existential threat from banks turning them off and not supporting them. Visa has an existential threat from wallets like Venmo, Square.