Plaid / Cognito 2022

Plaid acquired Cognito on January 12, 2022.

Target

Cognito

Acquirer

Plaid

Deal type

Undisclosed

Announced

January 12, 2022

Sub-sector

Regtech

Plaid acquires identity verification and KYC platform to add anti-fraud and onboarding compliance layer on top of its bank account data network.

Deal value

—

Target revenue

—

Target EBITDA

—

EV / Revenue

—

EV / EBITDA

—

Announcement

January 12, 2022

Close date

January 12, 2022

Acquirer

Plaid (Strategic)

Target HQ

United States

Deal type

Undisclosed

Sub-sector

Regtech

Source: plaid.com