Plaid provides companies the tools and access needed for the development of a digitally-enabled financial system.
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. Plaid focuses on enabling consumers and businesses to interact with their bank accounts, check balances, and make payments through financial technology applications.
The Tink acquisition will give Visa big leverage in expanding its footprint in the rapidly evolving open banking market of Europe. The entire acquisition deal will happen in cash.
The completion of the Series D funding round comes a few months after the merger between Visa and Plaid was canceled.
Currently, Plaid has 40 employees in its London and Amsterdam offices with 10 more employees located internationally.