Visa is buying Plaid four months after investing in it, at a price that doubles the financial data technology provider's 2018 valuation.

Visa agreed yesterday to acquire one of its portfolio companies, US-based financial data network operator Plaid, in a $5.3bn transaction that will also allow fellow corporates Mastercard, Citi and American Express to exit. Founded in 2013, Plaid has built technology that enables users to transfer their data to third-party financial technology platforms. When a customer…

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