It’s been a big few weeks for Visa, which continues to make significant investments in fintech firms. Of course, you already know about their acquisition of Plaid; and this past week, the card network was part of an $80 million funding round into noted payments fintech Currencycloud. 

Currencycloud has become a notable name in the payments tech space; it creates software that enables banks and fintech firms to process cross-border payments more efficiently. 

In addition to Visa, also among the investors were SAP’s investment arm Sapphire, BNP Paribas, Google, and Japanese bank SBI.

This is part of a larger trend among the entrenched payments players plowing money into fintechs in an ever-increasing arms race to stay competitive; last week we brought you some of the latest on what Mastercard is doing in this space as well. We expect to see more deals of this nature.