Plaid Inc.
 | |
 Plaid's logo since 2013 | |
| Industry | Financial technology, Financial Services |
|---|---|
| Founded | May 2013 |
| Founders | Zach Perret William Hockey |
| Headquarters | |
Area served | United States |
Key people | Zach Perret (CEO) |
| Products | Transactions, Auth, Balance, Identity, Income, Assets, Investments |
| Website | plaid |
Plaid is a financial technology company based in San Francisco. The company builds a technology platform, which enables applications to connect with users’ bank accounts.[1] Plaid focuses on enabling consumers and businesses to interact with their bank accounts, check balances, and make payments through financial technology applications.[2]
History
Plaid was founded by Zach Perret and William Hockey in 2013.[3] Plaid was originally intended to be a personal financial management and tracking tool for consumers, previously operating under the name "Sliver" and then "Rambler".[4] When confronted with difficulties in connecting bank accounts required for these tools, Plaid pivoted its core business focus to a unified banking API.[5]
Plaid has raised a total of $310 million. The company raised $60 million in Seed, Series A and Series B funding from Spark Capital, Google Ventures, New Enterprise Associates, Goldman Sachs, American Express, and Citibank.[6] On Dec. 11, 2018 they announced a $250 million Series C round with a valuation of $2.65 billion. The funding round was led by Mary Meeker, with Andreessen Horowitz and Index Ventures also joining as new investors. Former backers Goldman Sachs, NEA and Spark Capital also participated.[7]
References
- ^ "Plaid – Press". plaid.com. Retrieved 2017-05-31.
- ^ "6 Fintechs Disrupting The Industry". Inc.com. 2017-01-26. Retrieved 2017-05-31.
- ^ "Crunchbase company profile: Plaid". www.crunchbase.com. Retrieved 2017-05-31.
- ^ Velazco, Chris. "Rambler Takes Home The Disrupt NY 2013 Hackathon Grand Prize, Learn To Drive And Radical Are Runners Up | TechCrunch". Retrieved 2017-05-31.
- ^ Ha, Anthony. "Plaid Raises $2.8M To Make Banking Data More Developer Friendly | TechCrunch". Retrieved 2017-05-31.
- ^ Demos, Telis (2016-06-19). "Fintech Firm Plaid Raises $44 Million". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-05-31.
- ^ Rooney, Kate (2018-12-11). "Plaid's $250 million funding round propels it to $2.7 billion valuation". www.cnbc.com. Retrieved 2018-12-12.