Tag Archives: vgs

Less than a week ago, Coinspeaker reported that payment giant Visa now owns fintech startup Plaid. Visa acquired the San Francisco-based company in an interesting deal worth $5.3 billion. As we reported, the figure is more than double of Plaid’s 2018 valuation and is expected to stoke the fintech flame already burning in the company.So far, reactions to the acquisition have been great as people believe that their collaboration will do wonders for the fintech industry.The financial world is...

It looks like Visa is on an investing spree. One of the world’s leading payment processors is heavily investing in fintech companies, which could indicate, that Visa is on the verge of some kind of change. Or that they simply want to support the expansion of fintech. Just recently Visa invested around $5.3 million in a fintech company Plaid. Now it’s turn for VGS.While the investment in Plaid was revealed, this investment in VGS (Very Good Security) currently is undisclosed.However, this is...