Plaid Makes Acquisition of Quovo

Banking data aggregator Plaid has acquired their main competitor Quovo in a deal that Bloomberg said could reach $200mn; the move follows another big announcement by Plaid, raising $250mn from Mary Meeker and other investors; “This represents the merging of two complementary but both very important businesses,” said Zach Perret, Plaid’s CEO; the deal will help Plaid ramp up expansion as they look to gain more market share and sign agreements with some of the leading banks. Source.

  • Todd is the host of PitchIt: the fintech startups podcast, a weekly interview show featuring emerging fintech founders and leading venture capitalists. He is responsible for leading the content team which covers fintech through daily & weekly email newsletters, editorial, virtual events, and in-person conferences. He has been covering fintech, banking, and venture capital for more than 15 years, including speaking regularly at industry events.

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