Visa buys Swedish fintech Tink for $2 Billion plus

Tink's cofounders

STOCKHOLM – Swedish Fintech, Tink, has become Visa Inc.’s latest acquisition of an open banking platform, after Visa’s failed attempt at purchasing Plaid earlier this year. Visa Inc. agreed to pay more than $2 billion for the startup whose digital services connect more than 3,400 banks and financial institutions in Europe. Through its network, Tink […]

VISA’s $5.3B Plaid Purchase Gets Cancelled

SAN FRANCISCO – Visa (V: NYSE) and Plaid have ended their agreement for a merger, concluding any hopes of the former, a global financial giant and major payment card company acquiring the data-centric fintech start-up. Since announcing the deal nearly a year ago; both parties have agreed to end negotiations. This was following a suit […]

Visa acquires Plaid for $5.3 billion

SAN FRANCISCO – Visa Inc. (NYSE: V) announced that it has agreed to buy privately held software startup Plaid Inc. for a record USD $5.3 Billion. Plaid is a financial data aggregation company that connects end users bank data to various online and mobile platforms, such as Venmo, Acorns and Chime. “Plaid is a leader […]