Announced
Completed
Financials
Sources
Tags
Majority
Digital Services
risk management
Single Bidder
fraud detection
identity management
United States
Private
Friendly
Acquisition
Domestic
Completed
Synopsis
Plaid, a company which provides companies with the tools and access needed for the development of a digitally-enabled financial system, completed the acquisition of Cognito, a developer of identity verification and compliance platform for businesses, for $250m. “Plaid believes in our vision to drastically reduce the overhead of onboarding customers for all fintech applications. With Plaid backing us, we will continue to build amazing products for years to come,” Alain Meier, Cognito CEO.
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