Plaid - Crunchbase Company Profile & Funding (2024)

FAQs

What is Plaid funding? ›

Plaid makes it easier for your customers to fund their accounts by initiating payments within your application's flow or website.

Plaid was founded by Zach Perret (CEO) and William Hockey (Former CTO and Board Director) in 2013. Perret and Hockey met as consultants at Bain & Co's Atlanta office. The two set out to build a consumer-facing financial planning app after experiencing a lack of transparency in the bills they paid.

On April 7, 2021, Plaid raised a $425 million Series D at a valuation of $13.4 billion.

Plaid is privately held company and is not publicly traded, therefor investing in Plaid pre-IPO is only available to accredited investors.

How Plaid makes money. When you connect your financial data to an app or service, they pay Plaid. For example, when you add a bank account to Square Cash, they pay us a fee.

According to PLAID,Inc.'s latest financial reports the company's current revenue (TTM ) is $66.81 M. In 2023 the company made a revenue of $64.88 M an increase over the years 2022 revenue that were of $56.31 M. The revenue is the total amount of income that a company generates by the sale of goods or services.

About Plaid

Headquartered in San Francisco, the company was founded in 2013 by Zach Perret and William Hockey.

Top Competitors and Alternatives of Plaid

The top three of Plaid's competitors in the Application Development category are Adobe with 60.44%, Microsoft Azure with 15.47%, JIRA Software with 4.44% market share.

From Plaid to Brex to Instacart, here are the 20 unicorns that have plunged the most in value in 2023, according to private secondary data. One way to see how private companies are faring is to look at secondary exchanges.

Plaid reviews FAQs

Plaid has an overall rating of 4.1 out of 5, based on over 150 reviews left anonymously by employees. 81% of employees would recommend working at Plaid to a friend and 66% have a positive outlook for the business. This rating has decreased by 1% over the last 12 months.

What major companies use Plaid? ›

Top US companies using Plaid include Bank of America, Wells Fargo, American Express, Stanford University, Airbnb, Robinhood, Credit Karma, Chime, NerdWallet, and Ocrolus, spanning banking, fintech, education, and more.

Instant account connection

3–5 days for traditional methods). Users simply enter the login credentials associated with their account. Link provides a single, streamlined solution that connects to more than 12,000 US financial institutions, plus many more in Canada, the UK, and Europe.

Zachary Perret is the Co-Founder and Chief Executive Officer of Plaid.

Plaid Valuation

Plaid has been valued at $13.4 billion since its Series D funding round in April 2021 led by Altimeter. This represented at 428% step up from its 2018 Series C valuation of $2.7 billion.

No, we do not sell your financial data to third parties for marketing or advertising purposes. Plaid only shares your data to power the services and products that you choose or to protect you and the Plaid network from fraud.

Plaid uses the highest levels of security possible to keep your information safe. When you link your checking account with a financial application through Plaid, the company instantly encrypts sensitive data and shares it with the application using a secure connection.

If you haven't used Plaid before, you might be concerned about whether the company is legit. So is Plaid safe? Based on the service's acceptance rate, you can feel relatively confident. More than 12,000 financial institutions and more than 8,000 apps and services count on the Plaid to securely share information.

Plaid is free for consumers using a Plaid-powered app.

Disconnect your bank account from Plaid

When on the Banking page, look for the bank account you are trying to disconnect and click the three dots on the right of the line item. Select Disconnect Bank.