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.