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Visa is acquiring startup Plaid for a whopping $5.3 billion.

Wondering what Plaid does? I profiled the fintech unicorn in the April 2018 issue of @Forbes:

forbes.com/plaid-fintech/…
@Forbes My colleague @JeffKauflin will have more on Plaid tonight.

"Plaid’s 2019 revenue was between $100 and $200 million, according to a person familiar with the matter. Assuming it was $150 million, Visa would be paying a sky-high price of 35 times sales"

forbes.com/sites/jeffkauf…
@Forbes @JeffKauflin An interesting twist to the Plaid acquisition by Visa uncovered by @JeffKauflin and @iamsternlicht: two of the key bankers on the deal from Goldman Sachs were, like the Plaid founders, @ForbesUnder30 alumni.

Will more #30Under30 M+A follow this year?

forbes.com/sites/jeffkauf…
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