Plaid (company)

Plaid
Founded May 2013 (2013-05)
Headquarters San Francisco, California
Area served United States
Founder(s) Zach Perret
William Hockey
CEO Zach Perret
Industry Financial technology, Financial Services
Products Transactions, Auth, Balance, Identity, Income, Risk
Website plaid.com
Launched April 18, 2015 (2015-04-18)

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 $59.3 million from Spark Capital, Google Ventures, New Enterprise Associates, Goldman Sachs, American Express, and Citibank.[6]

References

  1. "Plaid – Press". plaid.com. Retrieved 2017-05-31.
  2. "6 Fintechs Disrupting The Industry". Inc.com. 2017-01-26. Retrieved 2017-05-31.
  3. "Crunchbase company profile: Plaid". www.crunchbase.com. Retrieved 2017-05-31.
  4. 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.
  5. Ha, Anthony. "Plaid Raises $2.8M To Make Banking Data More Developer Friendly | TechCrunch". Retrieved 2017-05-31.
  6. Demos, Telis (2016-06-19). "Fintech Firm Plaid Raises $44 Million". Wall Street Journal. ISSN 0099-9660. Retrieved 2017-05-31.
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