TS #2 – Plaid Reborn

Plaid which was almost bought by VISA for $5.3 billion – in a deal that was blocked by the regulators as it was thought VISA would have a monopoly over the online debit card market – recently raised $425 million at a $13.4 billion valuation.

This hefty valuation might be due to the buzz startups and fintech in particular have now, but if the Justice Dept intervened and blocked the deal, there should have been more to it than the leadership at Plaid must have known. This is one of those moments where you need the universe to show you what you’re worth. LOL

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Shreesha S
Shreesha writes about Business, Finance and Tech for The Snippets Journal. He is also the Founder and Head of Content Development.
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