Search Results for "Plaid"
21 results for "Plaid"
Deals 20
Cross River Bank Raises $50M Equity to Scale Embedded Finance Platform
Cross River Bank, via parent CRB Group, raised $50 million in common equity from existing investors including T. Rowe Price Investment Management. The funding will scale its API-driven core banking system (COS) powering embedded finance for over 100 fintech partners. CEO Gilles Gade framed the strategy as "embedded finance 2.0," bundling payments, cards, lending, and crypto on one AI-enhanced platform.
Plaid Launches Transfer for Platforms Enabling Embedded Multi-Rail Payments
Plaid launched Transfer for Platforms, enabling SaaS platforms to embed multi-rail bank payments including ACH, RTP, and FedNow. The product features API-driven onboarding and risk tools, claiming up to 75% fewer returns and significant cost reduction versus card payments. This positions Plaid deeper into embedded finance infrastructure.
Fragment Raises $9M Seed Round Backed by Stripe and Plaid Executives
Fragment, a fintech infrastructure startup, announced a $9 million seed round bringing total funding to $10.8 million. Investors include executives from Stripe and Plaid. Fragment provides an API to compose fund flows, generate code, and embed financial products into applications, targeting developers building on banking rails.
PortX and Plaid Partner to Accelerate Data Access for Financial Institutions
PortX announced a partnership with Plaid to integrate its Integration-Platform-as-a-Service (IPaaS) middleware with Plaid's data network. The collaboration enhances core banking data access and fintech connectivity for financial institutions, enabling personalized services and real-time insights.
Cross River and Plaid Partner for Multi-Rail Real-Time Bank Payments
Cross River partnered with Plaid to enable real-time payouts across ACH, RTP®, and FedNow® Service rails. The integration leverages Cross River's proprietary API-based core banking infrastructure. This partnership expands instant payment capabilities for fintechs and platforms connected through Plaid's network.
American Express Integrates with Plaid for API-Based Data Sharing
American Express and Plaid initiated an API-based data sharing integration to enhance secure customer connections to financial apps. The partnership improves digital banking security and transparency for Amex cardholders using third-party fintech applications.
Treasury Prime Partners with Plaid to Streamline BaaS Account Linking
Treasury Prime announced a partnership with Plaid on November 15, 2022, enabling seamless account linking for BaaS customers. The integration allows fintechs, banks, and corporates on Treasury Prime's platform to connect accounts to Plaid-powered apps without manual entry. This accelerates embedded finance capabilities such as instant payments and improves end-user experience.
Quiltt Raises $4M Seed for Low-Code Fintech Infrastructure Platform
Quiltt, a low-code fintech infrastructure platform offering APIs and no-code UI modules for banking services, announced $4 million in seed funding. The company integrates with providers like Plaid, Spade, and ApexEdge, targeting startups and small businesses. Quiltt simultaneously launched its public beta and plans a paid infrastructure-as-a-service tier.
Kasheesh Launches Card-Splitting Digital Payments Platform in the US
Kasheesh launched a digital payments platform in the US that allows consumers to split online purchases across multiple debit and credit cards via a browser extension. The platform is built in partnership with Stripe and Plaid. It represents a novel embedded payments use case at the point of checkout.
Current Launches Platform API to Enable Embedded Banking Experiences
Current, a U.S. fintech with nearly 4 million customers, launched its Platform API to enable embedded banking integrations. The API allows customers to link accounts to over 6,000 apps via Plaid without sharing banking credentials. The launch positions Current as an open banking enabler using phone number and device authentication.
Stripe Launches Financial Connections for Direct Bank Account Access
Stripe launched Financial Connections, enabling businesses to directly connect to customers' bank accounts for verification and payments. The product competes with Plaid, Finicity, Yodlee, and MX by proxying through providers for banks without APIs. This positions Stripe as middleware bridging fintech applications to legacy banking infrastructure.
Plaid Co-Founder Launches Column, a Nationally Chartered Bank for Fintech Developers
Column, a nationally chartered bank founded by Plaid co-founder William Hockey, emerged from stealth on April 21, 2022. The bank was created by acquiring and rebranding Northern California National Bank for $50 million. Column offers banking-as-a-platform infrastructure directly to fintech developers, bypassing traditional middleware and core processors. It provides FDIC-insured accounts, wire transfers, loan origination, and card programs via APIs.
Green Dot and Plaid Partner to Connect GO2bank Customers via Open Finance APIs
Green Dot and Plaid partnered to enable GO2bank customers to securely connect their accounts to over 6,000 Plaid-powered apps via open finance APIs. The integration improves data connectivity for Green Dot's digital banking customers. This expands embedded finance access for underbanked consumers using Green Dot's platform.
Synctera Launches Card and Fraud Products, Signs Plaid, Feedzai, Finix
Synctera launched Synctera Card and Synctera Fraud, enabling fintechs and their sponsor banks to issue debit cards and process transactions. The company signed strategic partners including Plaid, Feedzai, and Finix and expanded its sponsor bank network to include CFSB as its fourth partner bank. The launch builds on its Cards API partnership with Marqeta and Mastercard announced in August 2021.
Silicon Valley Bank and Plaid Partner on Tokenized ACH Payment Solutions
Silicon Valley Bank and Plaid announced a partnership to provide tokenized payment solutions, making SVB the first bank to offer ACH account token integration with Plaid. The collaboration gives fintech innovators access to an integrated payment processing solution. It combines SVB's banking infrastructure with Plaid's account connectivity capabilities.
Alpaca Raises $50M Series B for API-Driven Stock Brokerage Platform
Alpaca raised $50 million in Series B funding for its API-driven stock brokerage platform enabling commission-free trading, fractional shares, and new crypto capabilities. The platform integrates with Plaid and allows fintechs to embed trading features. The round supports multi-asset expansion and embedded finance growth.
Belvo Raises $43M Series A to Scale Open Finance APIs in LatAm
Belvo, a Latin American open finance API platform often called 'LatAm's Plaid,' raised $43 million in a Series A round. Investors included Kaszek, Future Positive, Kibo Ventures, FJ Labs, MAYA Capital, VentureFriends, and angels such as Nubank's David Vélez and Wise's Harsh Sinha. The round was the largest Series A for a LatAm fintech at the time per Crunchbase data. The funding will help Belvo scale its developer-first API that connects apps to bank accounts, tax authorities, and gig platforms across Mexico, Brazil, and Colombia.
Unit Partners with Plaid to Simplify Embedded Banking Integration
BaaS provider Unit announced a partnership with Plaid on March 2, 2021, enabling technology platforms to link external bank accounts and move funds with minimal code. The integration supports compliance and fraud prevention while allowing platforms to embed accounts, cards, and payments in just 1-2 lines of code.
Visa and Plaid Terminate $5.3 Billion Merger After DOJ Challenge
Visa and Plaid mutually terminated their $5.3 billion acquisition agreement on January 12, 2021, following a U.S. Department of Justice antitrust lawsuit. The DOJ had challenged the deal over concerns about competition in online debit services and data aggregation. Plaid, which connects fintech apps to over 11,000 U.S. financial institutions, chose to pursue independent growth amid surging demand.
DOJ Sues to Block Visa's $5.3B Acquisition of Fintech Plaid
The U.S. Department of Justice filed an antitrust lawsuit to block Visa's $5.3 billion proposed acquisition of Plaid. The DOJ argued the deal would allow Visa to monopolize online debit payment rails and eliminate a nascent competitor. Plaid connects consumer bank accounts to fintech apps like Venmo and is central to the embedded finance ecosystem.