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Visa Inc. today abandoned its $5.7 billion acquisition of financial technology startup Plaid Financial Inc. following a lawsuit from the U.S. Department of Justice challenging the deal on antitrust grounds.
The deal was announced in January 2020 and the Justice Department was first reported to be investigating the acquisition in October. The probe resulted in the department announcing in November that it was suing Visa on the grounds that the deal amounts to an attempt to eliminate a nascent competitive threat in violation of both the Sherman Antitrust Act and the Clayton Antitrust Act.
Founded in 2013, Plaid offers a financial application programming interface that connects apps and services with financial services. The company provides the technology that links apps and services such as Transferwise Ltd., Venmo Inc., Robinhood Markets Inc., Betterment LLC and Chime with traditional financial service providers. Although it’s not a household name, one in four people wit
Round: Series D
Description: Better.com is a comprehensive homeownership journey platform that utilizes technology to change the way people buy and own a home.
Investors in the round: 9Yards Capital, Activant Capital, Ally Financial, American Express Ventures, L Catterton, Ping An Global Voyager Fund
Month of Funding: November
Founders: Eric Wilson, Erik Bernhardsson, Shawn Low, Viral Shah, Vishal Garg
Founding year: 2016
Total equity funding raised: $405.0M
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Even Financial Ranks Within Top 50 of Deloitte Technology Fast 500™
The Definitive Search Engine For Financial Services Places 41st Alongside B2B tech leaders Square, DocuSign, and Zoom
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Even Financial (Even), the leading API for financial services search, acquisition, and monetization, has placed 41st on the Deloitte Technology Fast 500™ list. With a growth rate of 5,448% since 2016, it stands firmly amongst the likes of Lyft (125th) and Zoom (131st) as one of the fastest growing technology companies within North America.
Now in its 26th year, Deloitte s Technology Fast 500 provides a ranking of the fastest-growing technology, media, telecommunications, life sciences and energy tech companies both public and private in North America. Technology Fast 500™ award winners are selected based on percentage fiscal year revenue growth from 2016 to 2019. Founded in 2015, Even has become the leading B2B platform connecting premium financ
What Pushed Bitcoin over $20K, and What’s Next?
Where else to start than with Bitcoin?. Having passed the key milestone of $20,000,
Finance Magnates set about analyzing what finally pushed Bitcoin over the $20k mark and what’s next for the granddaddy of crypto?.
With expert insights from Matteo Dante Perruccio, President International of Wave Financial Group, Dan Simerman, Head of Financial Relations at the IOTA Foundation, Matt Luongo, Chief Executive of Thesis, Steve Ehrlich, Chief Executive Officer and Co-founder of the crypto trading platform, Voyager, and more,
Finance Magnates looked at the possible comparisons to 2017 and what, if anything, could impede Bitcoin’s ascendancy.
Stock Market Rally Powers Higher On Stimulus Deal Hopes: Bitcoin Soars, Coronavirus Vaccine Rollout Begins investors.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investors.com Daily Mail and Mail on Sunday newspapers.