Plaid is acquiring Cognito, which offers identity verification and compliance services to financial firms, a source says, for about $250 million in cash and stock (Alex Wilhelm/TechCrunch)

plaid cognito id 250mwilhelmtechcrunch (Last Updated On: October 13, 2022)

Plaid is acquiring Cognito, which offers identity verification and compliance services to financial firms, source says, for about $250 million in cash and stock— Plaid, a fintech unicorn known for its APIs that connect consumer bank accounts to financial apps, announced today that it is acquiring Cognito.

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