Plaid snags API competitor Quovo for $200 million
|01/10/2019||Posted by BusinessMediaguide.Com under General World News||
Plaid, a US fintech that enables consumers to connect their bank accounts to other financial services providers through application programming interfaces (APIs), has acquired Quovo, a similar startup, per a blog post.
Although financial details have not been disclosed, Plaid is said to be paying around $200 million for its biggest competitor, according to Bloomberg citing three people familiar with the transaction. The acquisition of Quovo comes on the back of a major read more >>>