Extra Crunch Live, TechCrunch’s chat series for Extra Crunch members, is tacking toward founders after bringing on a host of investors: on Thursday, June 18, Plaid CEO Zach Perret will join us for a conversation.
Plaid, known for APIs that connect fintech applications with users’ bank accounts, came to prominence in late 2018 when it closed a massive $250 million Series C. The round — TechCrunch’s coverage from the time is here — brought the value of the company to $2.65 billion on a post-money basis.
Payments and credit giant Visa
bought Plaid is in the process of buying Plaid earlier this year for $5.3 billion, a neat doubling from its preceding valuation, and a price that was an even greater multiple of its valuation at the time of its Series B and earlier rounds.
Plaid is at the epicenter of a few trends, including fintech’s recent savings and investing boom and the recent VC rush to fund API-focused startups, so our conversation will cover a good amount of ground, including fintech trends, selling a company instead of taking it public, the power of APIs and more. But because this is Extra Crunch Live, we want to hear from you as well. As always, we’ll keep an eye on the Q&A portion of the Zoom and will work in your notes as we go.
Extra Crunch subscribers, hit the jump to add the event to your calendar and save the Zoom link. YouTube information to come. If you aren’t part of Extra Crunch yet, you can get an inexpensive trial here.
See you all there!