We are extremely excited to share that Fund II portfolio company Plaid is being acquired by Visa for a reported $5.3b!
Plaid has built foundational infrastructure for the future of consumer finance by securely connecting fintech developers and financial institutions with over 200m consumer accounts worldwide. Plaid currently provides secure connections for 80% of the largest U.S. fintech apps with:
11,000+ banks and financial services companies
2,600+ fintech developers
One in four people with a U.S. bank account