Visa acquires the fintech company behind Venmo for $5.3 billion

Visa acquires the fintech company behind Venmo for $5.3 billion 1

Plaid plans to remain an independent business unit, but will “lean” on the Visa brand, resources and international footprint. “We were very impressed by the Visa team from the minute they approached us,” Plaid CEO and co-founder Zach Perret wrote in a blog post. “They share our vision for the future of financial services and have deep respect for the developer community we support.”

For Visa, the deal opens new market and product opportunities. Visa’s partners will likely benefit, too, and the company says it hopes to work more closely with fintechs through all stages of their development.

“We have strong relationships with both Visa and Plaid,” said PayPal President and CEO Dan Schulman. “The combination of Plaid’s capabilities with the security and scale of Visa’s global network will provide us with exciting opportunities to enhance our products.”

Visa was an early investor in Plaid, which also received investments from Mastercard, Goldman Sachs, Citi and American Express. According to Visa, 75 percent of the world’s “internet-enabled” consumers used a fintech application to move money in 2019. That’s up from just 18 percent in 2015, and the percentage will undoubtedly grow as mobile banking and cryptocurrencies become more popular.

Coinbase 3
Visa acquires the fintech company behind Venmo for $5.3 billion 2
About the author

E-Crypto News was developed to assist all cryptocurrency investors in developing profitable cryptocurrency portfolios through the provision of timely and much-needed information. Investments in cryptocurrency require a level of detail, sensitivity, and accuracy that isn’t required in any other market and as such, we’ve developed our databases to help fill in information gaps.

Related Posts

E-Crypto News Executive Interviews



bitcoin
Bitcoin (BTC) $ 48,019.00
ethereum
Ethereum (ETH) $ 3,403.20
cardano
Cardano (ADA) $ 2.36
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 409.42
xrp
XRP (XRP) $ 1.07
solana
Solana (SOL) $ 158.98
polkadot
Polkadot (DOT) $ 34.61
dogecoin
Dogecoin (DOGE) $ 0.239764
usd-coin
USD Coin (USDC) $ 0.999243
USD
EUR
GBP
bitcoinBitcoin (BTC)
$ 48,019.00
ethereumEthereum (ETH)
$ 3,403.20
tetherTether (USDT)
$ 1.00
bitcoin-cashBitcoin Cash (BCH)
$ 624.50
litecoinLitecoin (LTC)
$ 179.82
bitcoinBitcoin (BTC)
40.767,89
ethereumEthereum (ETH)
2.889,30
tetherTether (USDT)
0,848995
bitcoin-cashBitcoin Cash (BCH)
530,20
litecoinLitecoin (LTC)
152,67
bitcoinBitcoin (BTC)
34,806.33
ethereumEthereum (ETH)
2,466.79
tetherTether (USDT)
0.724845
bitcoin-cashBitcoin Cash (BCH)
452.67
litecoinLitecoin (LTC)
130.34

Automated trading with HaasBot Crypto Trading Bots

Crypto Scams

Crypto Scams
Crypto Scams Still Persistent In 2021, SEC Warns About Red Flags To Watch
September 9, 2021
Poly Network
Here’s How Hackers Stole Over $600 million in the Poly Network Attack
August 12, 2021
The World’s Most Infamous Crypto Hacks and Scams
July 31, 2021
Cryptocurrency Exchanges
Cryptocurrency Exchanges and the Plague of Scams and Bans
June 29, 2021
What Role Do Cryptocurrencies Play In The Era Of Ransomware Attacks?
June 9, 2021

Blockchain/Cryptocurrency Questions and Answers

Beginner’s Guide to Investing in Cryptocurrency
August 9, 2021
Short-Sell Cryptocurrency
How to Short-Sell Cryptocurrency: A Brief Overview
July 17, 2021
Klaytn
What Is Klaytn (KLAY) And How Does It Work?
July 16, 2021
Cryptocurrencies
Our Crypto Roundup Interview Asks- Do Cryptocurrencies Have a Future?
July 15, 2021
Solana
What Is Solana (SOL) And How Does It Work?
June 26, 2021


CryptoCurrencyUSDChange 1hChange 24hChange 7d
Bitcoin48,095 0.31 % 1.72 % 7.35 %
Ethereum3,404.5 0.96 % 0.08 % 6.06 %
Cardano2.370 0.24 % 0.74 % 0.31 %
Tether0.9986 0.03 % 0.08 % 0.23 %
Binance Coin410.02 0.35 % 0.23 % 2.09 %
XRP1.070 0.41 % 0.10 % 1.66 %
Solana159.57 2.09 % 11.51 % 10.51 %
Polkadot30.87 2.19 % 17.29 % 10.73 %
Dogecoin0.2404 0.42 % 0.47 % 0.09 %
USD Coin1.000 0.04 % 0.05 % 0.20 %

bitcoin
Bitcoin (BTC) $ 48,019.00
ethereum
Ethereum (ETH) $ 3,403.20
cardano
Cardano (ADA) $ 2.36
tether
Tether (USDT) $ 1.00
binance-coin
Binance Coin (BNB) $ 409.42
xrp
XRP (XRP) $ 1.07
solana
Solana (SOL) $ 158.98
polkadot
Polkadot (DOT) $ 34.61
dogecoin
Dogecoin (DOGE) $ 0.239764
usd-coin
USD Coin (USDC) $ 0.999243