Plaid Inc.
US · San Francisco, California · FCA (UK) — Plaid Financial Ltd
Plaid Inc. is an Open Banking Platform based in US (San Francisco, California), regulated by FCA (UK) — Plaid Financial Ltd. The institution operates an active Banking-as-a-Service program, launched in 2013.
Plaid Inc. supports the following products and services: Payments, Open Banking, KYC/AML, Accounts, Lending, Investments. The bank serves customers across US, Canada, UK, Europe.
Notable fintech partners include Venmo, SoFi, Betterment, Coinbase, Chime, Robinhood, Stripe.
- Products Supported
- PaymentsOpen BankingKYC/AMLAccountsLendingInvestments
- Geographies Served
- US, Canada, UK, Europe
- Charter / Regulator
- FCA (UK) — Plaid Financial Ltd
- API Standards
- REST API, FDX, Open Banking UK, PSD2
- Minimum Deal Size
- Not publicly disclosed
- Year Program Launched
- 2013
Venmo, SoFi, Betterment, Coinbase, Chime, Robinhood, Stripe
WARNING: 2021 settlement of $58M class action over data collection/sharing practices affecting ~98M users. No current active enforcement actions.
World's largest open banking data network spanning 12000+ financial institutions. Valued at $8B.
Expanded from data aggregation into payments (Plaid Transfer) and identity/fraud products. Estimated $390M ARR in 2024.