Since it’s founding 7 years ago, Plaid has grown into a financial technology giant that connects more than 11,000 banking institutions globally. In 2018, Plaid received a record amount of funding from fintech (financial technology) venture capitalists.
Financial services apps require users to link their app account to a bank account, and Plaid provides the digital bridge that links them for authentication.
There are thousands of apps that perform financial services and use the banking authentication platform provided by Plaid, Inc. These services are used by over 2,000 apps, including popular apps like Stripe, Venmo, Robinhood, Coinbase, and Square’s Cash App.
Plaid interacts with the day-to-day transactions of millions of users doing their banking, handling investments, and managing bitcoin and cryptocurrency apps.
Banking privacy and security
There are a myriad of laws and regulations that protect the privacy of financial information. But in the age of digital banking and real-time financial apps, it’s easy to take for granted the tech behind digital banking.
