Plaid

Starlight shoots for the moon, aiming to build the Brex of crypto

Companies are scrambling to participate in the crypto ecosystem, but many of the tools available for them to use are disjointed and not user-friendly, especially for those new to web3. New York-based

How Plaid’s CTO grew his engineering team 17.5x in 4 years

How did a growing company like Plaid scale the engineering team 17.5x in four years and keep everything in working order? We talked to CTO Jean-Denis Greze to get some answers.

a16z backs Rutter’s goal of being ‘Plaid for commerce’

Rutter is building a universal e-commerce API for reading and writing data so that tech customers can integrate with commerce platforms and access financial data points.

Still managing engineers remotely? Okay has a performance dashboard for that

In the past year, the company saw both its revenue and customer base grow around 10 times.

Wordle’s Blizzard of transparency

Hello and welcome back to Equity, a podcast about the business of startups, where we unpack the numbers and nuance behind the headlines. This is our Friday episode, a run-down of key news headlines,

Plaid buys Cognito as it moves beyond merely connecting accounts

Plaid, a fintech unicorn known for its APIs that connect consumer bank accounts to financial applications, announced today that it is buying Cognito. The price is around $250 million, paid in a blend

Norwest unveils a $3 billion fund, which is nearly one-fourth the capital it has ever raised

Norwest Venture Partners, the now 60-year-old venture and growth equity firm backed entirely by the banking giant Wells Fargo, today rolled out its sixteenth fund, a $3 billion vehicle and its biggest

Nigeria’s OnePipe raises $3.5M to double down on its embedded finance offering

Last year, fintech API infrastructure players came into the African tech scene, ushering in Plaid-like services to businesses and developers. And the attention on these companies, particularly from ve

Lessons we learned from the last week of fintech earnings

Let’s examine a series of winning fintech results from BNPL, consumer finance, proptech and corporate finance before turning to fintech's earnings misses from Q3 2021.

Stitch gets a $2M seed extension, hires Benjamin Dada to lead Nigerian expansion

Two months into 2021, South African fintech Stitch came out of stealth and raised $4 million in seed funding, allowing it to begin to make inroads into Nigeria some months ago. Today, Stitch formally

Potential winners and losers line up as Plaid pushes deeper into payments

So now Plaid says it’s a payments company. It was only a matter of time, really.

Plaid overhauls Plaid Link SDK with simplicity in mind

Since 2015, Plaid has helped developers connect users to banking information using an SDK (software development kit) called Plaid Link. As Plaid describes it in its SDK documentation, “The Plaid

Inside Plaid’s plans to build a new, global finance network

When Visa announced plans to purchase Plaid for $5.3 billion in January 2020, the deal represented one of the largest acquisitions of a fintech upstart by an incumbent financial powerhouse. But 12 mon

Atomic aims to give consumers more control over their income with payroll-connecting APIs

Fintech startup Atomic announced this morning that it has closed a $22 million Series A. Core Innovation Capital led the round, which saw participation from preceding investors. The company has raised

Tiger Global backs African fintech Mono in $15M Series A round

Mono, an African startup that helps connect consumers’ bank accounts to financial applications, has raised a $15 million Series A round, the company confirmed to TechCrunch today. The round, led by

Fintech founders can learn a lesson about frugality from these industry leaders

Venture-backed fintechs raised a record $30.8 billion in the second quarter of this year, up 30% over the same quarter last year. But how are fintech founders spending it all?

Felicis Ventures grows along with its returns, gathering up $900 million across two new funds

Fifteen years ago, Aydin Senkut, a former Google exec, was an outsider in venture circles that didn’t take seriously his ambitions to become a top VC. Now, his firm, Felicis Ventures, is announc

BoxGroup closes on $255M across two funds to back startups at their earliest stages

BoxGroup has quietly, yet diligently, been funding companies at the early stage for over a decade. The 11-year-old firm in fact was the first investor in Plaid, a fintech company that nearly got sold

Sila banks $13M to offer single API for developing financial products, services

Sila's banking and payment platform gives software teams tools to build the next generation of financial products and services.

Index Ventures’ trio of new funds leads to $3 billion, and more TikTok

Index Ventures has closed a trio of new funds: a $900 million early-stage fund, a $2 billion growth-stage fund and a previously announced $200 million seed-stage fund. The close gives Index $3 billion
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