Earlier this week, Visa announced that it was acquiring Plaid, a fintech that allows consumers to share their financial data with other financial apps such as Venmo, TransferWise etc. The $5.3 billion acquisition is split into $4.9 billion in cash and in approximately $400M of retention equity and deferred equity consideration in the form of Visa Restricted Stock units.

This acquisition is part of Visa’s strategy to develop itself as a partner to high growth fintechs across the globe. Acquiring Plaid will also accelerate Visa’s Network of Networks Money Movement Strategy by offering integrated payments across the globe. Plaid will also boost Visa’s addressable international market, establishing the payments giant as a stronger leader across the globe.