Mastercard, Visa invest in $2.5B valued crypto fintech firm Plaid

posted 3 months ago
Payments giants Mastercard and Visa invested an undisclosed sum in Plaid, a crypto-serving fintech unicorn that recently hit a valuation of over $2.5 billion.

Zach Perret, co-founder and CEO of Plaid, said Plaid is well on its way to create a consumer-first financial ecosystem that will “significantly improve the way people manage their financial lives.” Plaid currently helps users to connect their bank accounts to an app, and serves cryptocurrency clients including exchange Coinbase and wallet provider Abra.
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