Thursday, February 29, 2024

M&A shows Fintech bubble is bursting

By DAC000 , in Fintech , at January 20, 2020 Tags: ,

Last week in a $5.3B purchase that almost everyone saw coming, Visa purchased Fintech start-up Plaid.  While not exactly a household name, Plaid exists behind the scenes, connecting Fintech payment apps to customer’s bank accounts, taking a small amount of each transaction while doing so.  About a three-minute read.

Comment: Another sign of a maturing Fintech market, big entrenched incumbents are now moving rapidly to purchase established start-ups.