Meet The Four Under 30s Behind Visa’s $5.3 Billion Acquisition Of Plaid

📆 15/01/2020 02:15:00
📰 Forbes

⏱ Reading Time:
23 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Meet the 4 ForbesUnder30 veterans behind Visa’s $5.3 billion acquisition of Plaid:

Timothy Archibald/The Forbes Collection

in 2012. Their idea was to make it easier and faster for fintech apps to connect to users’ bank accounts. Before Plaid, companies would often have to make tiny deposits—say, of $.02—into a consumer’s bank account and then require the user to log in days later to verify transactions before using the product. That friction caused a large percentage of potential customers to abandon a new app in the middle of the onboarding process.

Write Comment

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Payments giant Visa to buy buzzy startup Plaid for $5.3 billion - Business InsiderVisa had invested in Plaid's $250 million Series C in December 2018, which had reportedly valued the company at $2.65 billion.
Source: BusinessInsider - 🏆 729. / 51 Read more »