trending Market Intelligence /marketintelligence/en/news-insights/trending/cK05t-d9JVCxPhZwOjmXwA2 content esgSubNav
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us
In This List

Plaid acquires Quovo in $200M deal

Banking Essentials Newsletter December Edition Part 2

Banking Essentials Newsletter - November Edition

University Essentials | COVID-19 Economic Outlook in Banking: Rates and Long-Term Expectations: Q&A with the Experts

Estimating Credit Losses Under COVID-19 and the Post-Crisis Recovery

Plaid acquires Quovo in $200M deal

Plaid Inc. has acquired Quovo Inc., according to the former's website.

Terms of the deal were private but a source for CNBC said the deal was valued at about $200 million.

The combined company will exist on a single platform that developers and large companies can use to create financial applications, the report added.

Plaid links bank accounts to fintech apps like Venmo, Robinhood, Coinbase and Acorns, according to CNBC. Quovo also links customers' accounts with consumer-facing apps.