VISA ANNOUNCED ACQUISITION OF SAN FRANCISCO BASED STARTUP CALLED PLAID

Startup Plaid is a financial tech firm located in San Francisco. The company developed a technology platform, which allows applications to connect with users’ bank accounts. Previously it had raised funds to 2.65 billion dollars in valuation.

Last year, the company doubled its number of clienteles and it expanded to other markets such as France, the U.K., Spain, and Ireland. Also, the revenue generated by the company was betwee....