Plaid: $13.4 billion
Plaid is a San Francisco, California-based financial services company. The firm creates a data transmission network for fintech and digital financial applications. Plaid's offering is a technological platform that allows apps to connect to customers' bank accounts. Through various financial technology apps, consumers and companies may communicate with their bank accounts, check balances, and make payments. The firm has offices in the United States, Canada, the United Kingdom, France, Spain, Ireland, and the Netherlands.
Visa announced its intention to buy Plaid for $5.3 billion on January 13, 2020. The purchase was ultimately abandoned because the US Department of Justice objected owing to data privacy issues, antitrust and monopolistic concerns. Plaid nearly quadrupled its client base to 4,500 in 2020.
Detailed Information:
Founded: May 2013; 8 years ago
Founders: Zach Perret, William Hockey
Headquarters: San Francisco, California
Revenue: US$200 million (2019)
Number of employees: 500