Who owns Plaid
Posted: Sun Jan 26, 2025 8:23 am
In 2015, Plaid shifted its focus to developing its API (application programming interface) platform and began partnering with other fintech companies. And by 2016, Plaid had connected with more than 1,700 financial institutions in the United States and Canada, giving users access to connect their bank accounts to a range of apps and services.
In 2018, Kleiner Perkins partner Mary Meeker and Index Ventures led a funding round that saw Plaid raise $250 million, valuing the company at $2.65 billion. The funding allowed Plaid to expand globally and invest in new products and services. “We’ve been fortunate to witness incredible growth in the fintech ecosystem and have been a key partner in driving that,” Plaid CEO Zach Perret told CNBC in a phone interview.
In early 2020, Visa agreed to acquire Plaid for $5.3 billion, which at the time was double the San france whatsapp number data Francisco-based startup’s previous valuation. The Justice Department filed a lawsuit to block the deal, arguing it would stifle competition in the payments industry, according to a CNBC report . Even since then, Plaid has continued to grow, with more than 11,000 financial institutions now connected to its platform.
With all the trials and triumphs over the years, Plaid is now one of the leading fintech companies in the world, connecting banks and credit unions to third-party mobile and web applications via APIs (application programming interfaces). As a result, financial institutions can provide better services while reducing security risks.
Plaid Inc. is a privately held company founded by Zach Perret and Willem Hockey . Several investment firms own Plaid, but the largest owners of the company are founders Zach Perret and William Hockey, who own an estimated 13% and 12%, respectively,” according to a report by Profitable . Zach Perret currently serves as the CEO, while Jean-Denis Greze is the CTO of the Plaid company.
In 2018, Kleiner Perkins partner Mary Meeker and Index Ventures led a funding round that saw Plaid raise $250 million, valuing the company at $2.65 billion. The funding allowed Plaid to expand globally and invest in new products and services. “We’ve been fortunate to witness incredible growth in the fintech ecosystem and have been a key partner in driving that,” Plaid CEO Zach Perret told CNBC in a phone interview.
In early 2020, Visa agreed to acquire Plaid for $5.3 billion, which at the time was double the San france whatsapp number data Francisco-based startup’s previous valuation. The Justice Department filed a lawsuit to block the deal, arguing it would stifle competition in the payments industry, according to a CNBC report . Even since then, Plaid has continued to grow, with more than 11,000 financial institutions now connected to its platform.
With all the trials and triumphs over the years, Plaid is now one of the leading fintech companies in the world, connecting banks and credit unions to third-party mobile and web applications via APIs (application programming interfaces). As a result, financial institutions can provide better services while reducing security risks.
Plaid Inc. is a privately held company founded by Zach Perret and Willem Hockey . Several investment firms own Plaid, but the largest owners of the company are founders Zach Perret and William Hockey, who own an estimated 13% and 12%, respectively,” according to a report by Profitable . Zach Perret currently serves as the CEO, while Jean-Denis Greze is the CTO of the Plaid company.