Plaid raised $575 million in capital and achieved a valuation of $6.1 billion.
Plaid focuses on connecting bank accounts to various financial systems, enabling the growth of data-driven personalized services and products.
Plaid's account linking activities have resulted in diversifying revenue through alternative credit data, anti-fraud offerings, and bank payments.
Plaid aims to be a crucial infrastructure provider for finance by leveraging data for customer acquisition, product personalization, risk management, and underwriting.