Sam Bobley, CEO of portfolio company Ocrolus, discusses how API-driven infrastructure providers are enabling SaaS companies to transform their businesses with new financial services. With Ocrolus automating the back-office and Plaid providing bank connectivity, these businesses have new options to accelerate their revenue.
| less than a minute read
A Case Study in Fintech Infrastructure: FreshCuts — Powering the Next Generation of Barbershops
The fintech ecosystem scored a huge win last week, when Visa acquired Plaid for a whopping $5.3 billion — reportedly 40 times their current revenue! The price may seem high at first glance… but if you’re a believer in API-driven business models and the rise of embedded financial services, Visa shelling out ≈1% of their market cap to “own the pipes” not only makes a ton of sense, it was actually a bargain. My prediction: the Visa/Plaid deal will create a domino effect of legacy financial services players moving urgently to partner with, and invest in fintech infrastructure companies.
