Visa just pulled the plug on its $5.3 billion bid for Plaid following DOJ suit - Business Insider

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Visa just pulled the plug on its $5.3 billion bid for Plaid following DOJ suit

. But the deal faced regulatory scrutiny from the Department of Justice, which filed a suit against Visa alleging the payments giant was attempting to squash a potential competitor.

Meanwhile, Plaid, which works with fellow startups like Betterment, Coinbase, and Acorns, spoke to the significant growth it saw in 2020 as financial apps saw a large increase in popularity throughout the year.

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