Visa Inc. is nearing a deal to buy privately held financial-technology firm Plaid Inc., according to people familiar with the matter.

A deal between the companies could be announced this week, the people said, though it is still possible talks could fall through. Details of the expected transaction including the price couldn’t be learned, but Plaid was valued at roughly $2.65 billion in a 2018 funding round.

Plaid’s…

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