Plaid

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…

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

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.

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

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

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

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…

Plaid buys Cognito as it moves beyond merely connecting accounts

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…

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

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 venture capitalists,…

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

Featured Article

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.

2:11 pm PST • November 12, 2021
Lessons we learned from the last week of fintech earnings

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.…

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

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

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

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…

Plaid overhauls Plaid Link SDK with simplicity in mind

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.…

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

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…

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

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…

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

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?

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

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…

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

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…

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

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

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

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

There are far fewer annoying things than managing one’s passwords. There are a bunch of companies out there to help you attempt to do that. And there’s also a number…

Ex-Plaid employees raise $30M for Stytch, an API-first passwordless authentication platform

Unit21, a startup that helps businesses monitor fraudulent activities with its no-code software, announced today it has raised $34 million in a Series B round of funding led by Tiger…

Tiger Global leads $34M investment into Unit21, a no-code fraud prevention platform

When Daniel Simon sold Bread, a consumer purchase finance and payments startup he’d co-founded, to Alliance Data Systems for over $500 million late last year, he quickly set his sights…

After selling Bread last year for over $500M, this founder just raised millions for his new fintech startup

Like other financial sectors in Latin America, the retail investing space is getting a facelift by local tech startups that are cashing in on the untapped potential for democratizing asset…

Kaszek Ventures leads a $15 million round in Chilean asset management startup, Fintual

Visa has announced plans to acquire Tink for €1.8 billion, or $2.15 billion at today’s exchange rate. Tink has been a leading fintech startup in Europe focused on open banking…

Visa to acquire open banking platform Tink for more than $2 billion

Weav, which is building a universal API for commerce platforms, is emerging from stealth today with $4.3 million in funding from a bevy of investors, and a partnership with Brex.…

Weav raises $4.3M to knit together a universal API for commerce platforms

The best venture capitalists take moonshot risks based on due diligence, support portfolio companies through ups and downs and find focus through noise. When you look at the job description…

Norwest Venture Partners’ Lisa Wu to teach founders how to think like a VC at TC Early Stage

Plaid, a unicorn that helps connect consumers’ bank accounts to financial applications, has raised a $425 million Series D, it announced this morning. TechCrunch understands that the new capital infusion,…

Plaid raises $425M Series D from Altimeter as it charts a post-Visa future

Plaid, the fintech giant, has announced the inaugural cohort of startups in its new accelerator program, FinRise. The equity-free and capital-free program has chosen five early-stage fintech startups out of…

Plaid accelerator announces inaugural cohort of fintech startups

Fresh off the termination of its planned merger with Visa, Plaid announced Thursday a new income verification product, which it said is aimed at “improving the lending lifecycle” with payroll…

Income verification is white-hot right now, and Plaid wants in

Featured Article

Fintechs could see $100 billion of liquidity in 2021

We believe one of the most important trends to gain traction in the last three years to be point-of-sale financing, now referred to as Buy Now Pay Later (BNPL).

12:49 pm PST • January 25, 2021
Fintechs could see $100 billion of liquidity in 2021

Would you bet millions of dollars on a corporate travel comeback? Doesn’t matter. Andreessen Horowitz, Addition and Elad Gil are anyways. This week, the trio led a nine-figure financing round…

Work trips are making a $5 billion comeback