Plaid's rollercoaster journey

This is a San Francisco news story, published by MSN, that relates primarily to Suchir Balaji news.

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fintech summer

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Fortune

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Business

Business & Economics

Plaid has boomed since its failed $5.3 billion Visa merger. Now its CEO is predicting a fintech summer

Summary

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75% Informative

Plaid operates as a kind of plumbing between financial institutions, allowing consumers to seamlessly link accounts across platforms from Robinhood to Chase .

As fintech boomed, so did Plaid , announcing a staggering $5.3 billion merger with Visa in early 2020 .

The Justice Department sued to block the acquisition, with both parties abandoning the deal in early 2021 .

26-year-old software developer Suchir Balaji was found dead in his San Francisco apartment last November .

Though officials deemed his death a suicide, his mother is convinced he was murdered.

Her efforts to make sense of the inexplicable tragedy have collided with a teeming online world of conspiracy theories.

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Neutral language

Article tone

semi-formal

Language

English