January 13, 2020
Plaid is joining Visa
We are incredibly excited to share that Plaid is being acquired by Visa!
Today marks an important milestone for our company and for fintech. What started with two founders building in a cramped conference room has become an incredible network that enables millions of consumers to interact with over 2,500 digital finance products. When we began our journey, nobody had heard of fintech -- and today we have a growing fintech ecosystem that is significantly improving the way that consumers live their financial lives. Consumers now rely on fintech services in so many ways: to pay their bills, to send money to friends, to grow their savings, to manage their student loans, and to create budgets they rely on to reach their goals.
Joining forces with Visa, a brand that is trusted by billions of consumers, and financial institutions in over 200 countries and territories, represents an incredible opportunity to continue to scale our products. We’ll be able to lean on their brand, resources, and international footprint to benefit our customers, our partners, and the markets we serve.
We were very impressed by the Visa team from the minute they approached us. They share our vision for the future of financial services and have deep respect for the developer community we support. They want us to operate as an independent business unit so we can keep doing what we do best. We’ll be able to lean on their brand, resources, and international footprint if doing so can benefit our customers, our partners, and the markets we serve.
To our customers: It has been an honor to work with you as you’ve built companies and products that have forever changed financial services. We share a common focus on building products that enable consumers and businesses to significantly improve their financial outcomes, and are honored to have been a small part of your journey thus far. As we join forces with Visa, we are jointly committed to continuing and enhancing our product offerings, expanding to new geographies, and doing everything we can to accelerate the success of the fintech ecosystem.
I could not be more excited for the future of Plaid, and the future of fintech. Onwards!