Plaid buys Cognito as it moves beyond merely connecting accounts

Plaid, a fintech unicorn known for its APIs that connect consumer bank accounts to financial applications, announced today that it is buying Cognito. The price is around $250 million, paid in a blend of cash and stock TechCrunch understands, though we couldn’t suss out the exact mix of each. The deal highlights where Plaid is … Continue reading Plaid buys Cognito as it moves beyond merely connecting accounts