INSUBCONTINENT EXCLUSIVE:
When Plaid announced its $250 million Series C investment last year, it left out a couple of key investors
Today it revealed that Mastercard and Visa quietly participated in the round.For a company like Plaid, which builds APIs to enable customers
to access their bank accounts inside applications in a seamless way, having the blessing of two of the major credit companies in the world
that in the announcement.CEO and co-founder Zach Perret, writing in a blog post this morning, addressed the broad implications of having
As an industry when we come together with a shared vision for an ecosystem that is open, secure and encouraging of innovation the
them connect to payments or Trello to communications tools
By having access to a set of tools from Plaid, developers can build into their applications access to bank information and other financial
data without having to have knowledge about how to connect to thousands of different banking systems.Former CTO and co-founder William
wrapping all of that in the product
explained.Plaid has raised more than $310 million since it launched, and that Series C investment last year carried with it a fat $2.65
Strategic investments of this sort show that the industry as a whole is behind a startup, and having Mastercard and Visa involved gives the
company additional credibility in the marketplace.
