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 […]

Tesla, Visa, Paypal and others embrace Bitcoin

PALO ALTO – Tesla (NASDAQ: TSLA) announced this week that it has invested US$1.5 billion in Bitcoin reserves; triggering its largest price gain. This move makes Tesla the biggest company to back the controversial cryptocurrency to date. The company has also allowed the use of Bitcoin as a form of payment for its electric cars. […]

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 […]