Plaid acquires Cognito, which offers ID verification and compliance services to financial firms, source says for ~$250M in cash and stock (Alex Wilhelm/TechCrunch)

Alex Wilhelm / TechCrunch:
Plaid acquires Cognito, which offers ID verification and compliance services to financial firms, source says for ~$250M in cash and stock  —  Plaid, a fintech unicorn known for its APIs that connect consumer bank accounts to financial applications, announced today that it is buying Cognito.