Payment Providers
Email:
...
Founded:
2013
Headquarters:
85 2nd Street suite 400, San Francisco, CA 94105, USA
Trusted by:
Major players in fintech, banking, payments, lending, and personal finance, including organizations that require secure financial data connectivity and seamless user experiences.
Credit Card Payments
Debit Card Payments
Bank Transfers
Digital Wallets
Mobile Payments
Cryptocurrency Payments
Buy Now, Pay Later (BNPL)
Direct Debit
METHODS
Payment Gateways
Payment Processors
Merchant Acquirers
Issuing Banks
Acquiring Banks
Peer-to-Peer (P2P) Payment Providers
White-Label Payment Providers
Crypto Payment Processors
TYPES
Payment Processing
Fraud Detection & Prevention
Recurring Billing & Subscriptions
Chargeback Management
Multi-Currency Support
Payment Tokenization
Compliance & Regulatory Support
Real-Time Transaction Monitoring
SERVICES
Company Overview
Plaid, founded by William Hockey and Zach Perret in 2013, has grown into a global leader in Open Banking, connecting fintech companies and developers across 31 European countries. The company links over 12,000 financial institutions and fintechs, with 1 in 3 U.S. bank account holders having used its services. It currently supports more than 8,000 businesses, including PokerStars, Coinbase, Kraken, and Square, streamlining payments and customer connections.
In 2021, Plaid raised $425 million in a Series D round, valuing the company at $13.4 billion. To date, it has secured $735 million in venture funding from major investors such as Goldman Sachs, Citi Ventures, American Express Ventures, Mastercard, and Visa.
Operating from offices in London, Amsterdam, San Francisco, New York, Salt Lake City, and Toronto, Plaid employs over 1,250 people worldwide. Its technology partners include Unit, Sila, Dwolla, Marqeta, Checkout, Nuvei, and Mollie, with distribution channels in Fintech Sandbox, MaRs, and IBM.
Currently, Plaid is reportedly working with Goldman Sachs to raise between $300 million and $400 million through a secondary share sale.
Key Features
Bank Account Connectivity – Enables users to securely link their bank accounts to apps and services.
Instant Account Verification (IAV) – Quickly verifies bank account ownership to facilitate seamless transactions.
Transaction Data Access – Provides real-time insights into users’ financial activity, including spending patterns and income sources.
Income Verification – Confirms a user’s income by analyzing direct deposits and financial history.
Identity Verification – Ensures compliance and reduces fraud by validating user identity details.
Balance Checks – Allows apps to check real-time account balances to prevent overdrafts or failed transactions.
Payment Initiation – Enables direct bank-to-bank payments without requiring card details.
Fraud Detection & Risk Insights – Analyzes transaction data to detect suspicious activity and prevent fraud.
Multi-Bank Aggregation – Collects financial data from multiple banks, giving users a unified view of their finances.
Secure API Integrations – Provides developers with easy-to-use APIs to integrate Plaid’s financial data solutions into their apps.
Fees and Pricing
Bank Account Connectivity – Enables users to securely link their bank accounts to apps and services.
Instant Account Verification (IAV) – Quickly verifies bank account ownership to facilitate seamless transactions.
Transaction Data Access – Provides real-time insights into users’ financial activity, including spending patterns and income sources.
Income Verification – Confirms a user’s income by analyzing direct deposits and financial history.
Identity Verification – Ensures compliance and reduces fraud by validating user identity details.
Balance Checks – Allows apps to check real-time account balances to prevent overdrafts or failed transactions.
Payment Initiation – Enables direct bank-to-bank payments without requiring card details.
Fraud Detection & Risk Insights – Analyzes transaction data to detect suspicious activity and prevent fraud.
Multi-Bank Aggregation – Collects financial data from multiple banks, giving users a unified view of their finances.
Secure API Integrations – Provides developers with easy-to-use APIs to integrate Plaid’s financial data solutions into their apps.