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Visa Enhances Its Long-Term Outlook

publication date: Jan 15, 2020
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On January 13, top weighted Best Ideas Newsletter portfolio holding Visa announced it was buying financial tech company Plaid for $5.3 billion. Plaid primarily offers a network that allows consumers to connect financial accounts to apps securely and safely, meaning that when a consumer downloads a mobile financial-oriented app to their phone (for example), Plaid is the company that ensures a smooth connection between app and the relevant financial institution when it comes to transferring information and ultimately money. What’s important about this acquisition is that Visa, once again, is showcasing its ability to spot and capitalize on high quality opportunities within the financial services space.

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