Visa to buy fintech startup Plaid in $5.3 billion deal
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(Reuters) - Visa Inc has agreed to buy privately held financial technology startup Plaid Inc in a $5.3 billion (4.1 billion pounds) deal, the payments processor said on Monday.The news was first reported by the Wall Street Journal, which said Plaid was valued at nearly $2.65 billion in a 2018 funding round. The company's technology lets people connect their bank accounts to mobile apps like Venmo.