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Visa's Plaid Takeover Signals Wave of Fintech Dealmaking

Experts predict more financial industry consolidation. 

Visa, Mastercard Reach $6.2 Billion Settlement on Swipe Fees
Photographer: Daniel Acker/Bloomberg
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After last year’s deluge of financial technology megadeals, investors wondered if the boom could continue into 2020. This week, Visa Inc.’s $5.3 billion acquisition of Plaid Inc. offered an answer: Yes.  

“Visa buying Plaid brings fintech from out in the wild to something more mainstream,” said Bain Capital Ventures’ Matt Harris. “It’s a ‘growing up’ moment for all of us,” he said, adding that the startup will now be part of the “critical infrastructure underlying the financial services industry.”