Buy visa for $ 5.3 billion

Buy visa for $ 5.3 billion

Visa has officially confirmed that they have agreed to acquire the innovative launch of Slide. The financial parameters of the deal will reach an impressive $ 5.3 billion.

The company specializes in the development of Financial Services Interface Applications (API) solutions. Slide’s main focus is not so much on facilitating payments itself, but on helping to share data, TechCrunch reported.

This way, partners using the same API can quickly and easily access the banking and financial information shared by developers.

Slide acquired Quovo platform two years ago to expand the portfolio of business solutions they offer to their clients. Leading investors have already secured $ 353.3 million in development funding.

The curious fact is that the market valuation of Tile’s operations is about $ 2.65 billion, which means that Visa has agreed to pay double the price. There is hardly any better evidence of Visa’s readiness to implement the $ 5.3 billion deal.

If it goes according to plan, regulators should give their approval within the next six months, when the acquisition is officially finalized.

Buy visa for $ 5.3 billion