Plaid
This company is in the pipeline of America 2030, IPO CLUB’s $50M, actively managed secondary fund focused on U.S. defense, energy, security, and AI.
Updated in January 2026
Headquarter: San Francisco, California, USA
Year Founded: 2013
Leadership: Zach Perret
Industry Sectors: Financial technology; Financial data infrastructure; Open banking APIs; Payments & identity
Funding Round: $425M Series D (2021)
Valuation: ~$13.4B
Is Plaid A Public Company? No, it is currently private
What Is Plaid?
Plaid is a U.S.-based financial technology company founded in 2013 by Zach Perret and William Hockey, with headquarters in San Francisco, California. Plaid provides the underlying financial data infrastructure that enables consumers to securely connect their bank accounts to apps and services. The company’s mission is to democratize financial services by making it easier, safer, and more efficient for developers and institutions to build modern financial products on top of the banking system.
Technology & Products
Plaid’s core offering is a suite of APIs and developer tools that allow applications to access user-permissioned financial data from banks and financial institutions. Its products support use cases such as account authentication, balance and transaction data, identity verification, payments initiation, income verification, and lending workflows. Plaid acts as a secure intermediary between financial institutions and fintech applications, handling data normalization, connectivity, and compliance. The platform emphasizes security, consent, and reliability, enabling thousands of developers to integrate financial data without building direct bank connections themselves.
Market Opportunity
Plaid operates in the large and expanding financial data access and open banking market, driven by the rapid growth of fintech, digital banking, payments, and embedded finance. As consumers increasingly expect seamless financial experiences across apps, demand has grown for standardized, secure access to bank data. Plaid serves a broad customer base including fintech startups, enterprise financial institutions, and technology platforms, positioning itself as foundational infrastructure for the modern financial ecosystem as regulation and consumer expectations continue to evolve.
Competitive Landscape
Plaid competes with other financial data aggregators, open banking platforms, and bank-provided APIs. Its primary differentiation lies in its developer-first approach, broad bank coverage, and deep integration across consumer-facing fintech applications. While banks and regional providers offer proprietary solutions, Plaid positions itself as a neutral, horizontal data layer that accelerates innovation by abstracting away fragmentation in the financial system and enabling faster product development across the industry.
How To Buy Plaid Stock?
Plaid is currently a private company and is not publicly traded on major stock exchanges like the NASDAQ or NYSE. This means you can buy shares through a pre-IPO platform or brokerage like IPO CLUB.
Listen to Fintech Insider’s talk with Plaid CEO Zach Perret. Recorded at Money 20/20 Amsterdam. Plaid may IPO soon.
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