Visa Is Acquiring Fin-Tech Firm Plaid, Which Powers Venmo and Robinhood

The platform, founded in 2013, will operate as a stand-alone subsidiary

a fan of visa credit cards
Visa was one of the earliest investors in Plaid. Getty Images

Visa has made a deal to acquire financial tech company Plaid for $5.3 billion—almost double Plaid’s last private valuation, according to CNBC.

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@monicroqueta Mónica is a breaking news reporter at Adweek.