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Plaid (company)

Plaid (company)

Plaid is a company providing businesses with tools and access to develop a digital financial system.

Plaid is a developer of a data network programming interface designed to allow consumers to connect popular financial technology applications with their traditional bank accounts. The company's platform accesses transactions and personal data like names, phone numbers, addresses and emails for each account from thousands of financial institutions, authenticating them and verifying information in real-time, enabling consumers and businesses to interact with their bank accounts, check balances, and make payments through financial technology applications.

Plaid's technology platform provides the tools and access for the development of a digitally-enabled financial system. Plaid feels their platform makes it easier and safer for developers to build financial services and applications. Plaid initially offered an API to help developers connect financial institutions to customers. They have since used their data access with a suite of data analytics products to provide business insights as well.

Acquired

On January 13, 2020 Visa Inc agreed to buy Plaid for $5.3 million, which was estimated to be double their valuation after their previous Series C funding round from December 2018.

Timeline

April 7, 2021
Plaid raises $425 million in Series D fundraise, that gives the company a post-money valuation of $13.4 billion. Altimeter Capital and Silver Lake, both new investors in the startup, co-led the round.
January 27, 2020
Plaid raised $250 million in a Series C, which Visa participated in, at a valuation of $2.65 billion.
January 15, 2020
Visa acquires Plaid for $5.3 billion.
December 2018
Plaid raises a $250,000,000 series C round from Andreessen Horowitz, Goldman Sachs, Index Ventures, Mary Meeker, New Enterprise Associates, Norwest Venture Partners, Spark Capital and The a16z Cultural Leadership Fund.
June 19, 2016
Plaid raises a $44,000,000 series B round from American Express Ventures, BoxGroup, Citi Ventures, GV, Goldman Sachs Investment Partners, New Enterprise Associates, PSP Investments and Spark Capital.
November 2014
Plaid raises a $12,500,000 series A round from Felicis Ventures, Homebrew, New Enterprise Associates and Spark Capital.
September 19, 2013
Plaid raises a $2,800,000 seed round from Amit Avner, David Tisch, Felicis Ventures, Nat Turner, New Enterprise Associates, Spark Capital and Zach Weinberg.
May 2013
Plaid was founded by William Hockey and Zach Perret.

Funding rounds

People

Name
Role
LinkedIn

Aaron Smith

Employee

Adrianna Morici

Employee

Baker Shogry

Employee

Benjamin Lee

Employee

Brandon Huang

Employee

Bryan Liu

Employee

Charley Ma

Employee

Chris Campano

Employee

Chuck Lenhard

Employee

Cris Feo

Employee

Cyrus Stoller

Employee

Daniel Kahn

Employee

Edmund Loo

Employee

Eric Showen

Employee

Genevieve O'Gara Forslund

Employee

Jake Stern

Employee

Jean-Denis Greze

Employee

Joe Pettit

Employee

Kate Adamson

Employee

Kevin Berardinelli

Employee

Luke Roberts

Employee

Megan Stinson

Employee

Michael Kelly

Employee

Mike DeFeo

Employee

Mira Wijayanti

Employee

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Further reading

Title
Author
Link
Type
Date

Why Visa Is Buying Fintech Startup Plaid For $5.3 Billion

Jeff Kauflin

Web

January 13, 2020

Documentaries, videos and podcasts

Title
Date
Link

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Mary Ann Azevedo
June 1, 2021
TechCrunch
Belvo, a Latin American startup which has built an open finance API platform, announced today it has raised $43 million in a Series A round of funding. A mix of Silicon Valley and Latin American-based VC firms and angels participated in the financing including Future Positive, Kibo Ventures, FJ Labs, Kaszek, MAYA Capital, Venture Friends, [...]
Shannen Balogh
May 18, 2021
Business Insider
Plaid's Zach Perret has been an active angel investor, backing multiple startups already this year, including Cohere, Lowkey, and TryNow.
Atomic
May 13, 2021
www.prnewswire.com:443
/PRNewswire/ -- Leading payroll API pioneer Atomic today announced the members of its newly formed strategic Advisory Board. In its mission to build a new...
Samantha Hurst
May 7, 2021
Crowdfund Insider
Click HERE to find out ⭐ Plaid Announces New API Partnership With Railsbank. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Annie Siebert
April 29, 2021
TechCrunch
Soon, with the emergence of new market leaders, we'll be able to access our health records as easily as our bank statements.
JD Alois
April 27, 2021
Crowdfund Insider
Click HERE to find out ⭐ Paysend Partners with Plaid to Speed Up Digital Transfers. | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Mazooma
April 27, 2021
www.prnewswire.com:443
/PRNewswire/ - A partnership between Mazooma, the gaming industry leader for bank account-based payments, and Fifth Third Bank, N.A. is bringing real-time...
Mary Ann Azevedo
April 26, 2021
TechCrunch
Weav, which is building a universal API for commerce platforms, is emerging from stealth today with $4.3 million in funding from a bevy of investors, and a partnership with Brex. Founded last year by engineers Ambika Acharya, Avikam Agur and Nadav Lidor after participating in the W20 YC batch, Weav joins the wave of fintech [...]
Samantha Hurst
April 23, 2021
Crowdfund Insider
Click HERE to find out ⭐ Various Digital Payment Experts Sat Down at UK Fintech Week 2021 to Discuss The Sector's Recent Growth (Video). | Crowdfund Insider: Global Fintech News, including Crowdfunding, Blockchain and more.
Josh Scott
April 20, 2021
BetaKit
A round-up of day one of Collision 2021, which included Mayor of Toronto John Tory, Geoffrey Hinton, Plaid founder Zach Perret, and more.
Annie Siebert
April 15, 2021
TechCrunch
Platforms exist to help startups get to users and customers faster and should be used as means to an end, but everyone must get their piece.
Douglas Soltys
April 10, 2021
BetaKit
Valley-based FinTech unicorn Plaid has been in the news a lot lately, after a $5.3 billion sale to Visa fell through in January, and this week's $425 million
Lea Nonninger
April 9, 2021
Business Insider
Plaid's fresh capital raise comes three months after a $5.3 billion acquisition from Visa announced in January 2020 fell through.
Clare Duffy, CNN Business
April 7, 2021
CNN
Financial technology firm Plaid on Wednesday announced a $425 million Series D funding round, more than doubling the total amount the company has raised since its 2012 founding.
Anthony Ha
April 7, 2021
TechCrunch
Google announces its I/O plans, Facebook tests an audio Q&A feature and Patreon triples its valuation. This is your Daily Crunch for April 7, 2021. The big story: Google I/O will return virtually next month Google canceled its giant developer conference last year during the pandemic. This year, the show will return in virtual form, [...]
Ryan Weeks
April 7, 2021
The Block
Plaid, the startup that specialises in connecting fintech firms to banks, has closed a $430 million Series D investment.
Christine Hall
April 7, 2021
Crunchbase News
The new round is the largest to date for the digital finance company.
Alex Wilhelm
April 7, 2021
TechCrunch
Plaid, a unicorn that helps connect consumers' bank accounts to financial applications, has raised a $425 million Series D, it announced this morning. TechCrunch understands that the new capital infusion, led by Altimeter Capital, values the company at around $13.4 billion. It is not surprising that Plaid, a former takeover target for consumer credit giant [...]
Natasha Mascarenhas
March 26, 2021
TechCrunch
Hello and welcome back to Equity, TechCrunch's venture capital-focused podcast, where we unpack the numbers behind the headlines. Natasha and Danny and Alex and Grace were all here to chat through the week's biggest tech happenings. News was right back up to a dull roar this week, so we did our best to trim and hone and just bring you the most [...]
Natasha Mascarenhas
March 24, 2021
TechCrunch
Plaid, the fintech giant, has announced the inaugural cohort of startups in its new accelerator program, FinRise. The equity-free and capital-free program has chosen five early-stage fintech startups out of 100 applications to join its cohort, working on issues central to the financial services industry such as simplifying payments and access to credit. The accelerator, [...]
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References

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