M&A shows Fintech bubble is bursting
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.
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