Tag: Plaid

San Francisco-based FinTech Plaid, co-founded by Zach Perret and William Hockey, is raising $600m in new funding and will reportedly be valued at as much as $15bn, according to The Information.

Digital banking solution developer Narmi has bagged $20.4m in its Series A funding round to help community banks and credit unions better compete against megabanks, challenger banks and FinTechs, it claims.

After a year marred by an antitrust suit, Visa's acquisition of Plaid has officially been called off as the CEO says regulatory reviews threatened consumers' interests.

Northstar, which is enabling employers to offer their staff more financial wellness benefits, has scored $7.3m in its Series A round.

Visa's $5.3bn acquisition of Plaid was supposed to be one of the biggest FinTech deals this year, but the US Department of Justice seems dead set against it and has filed a suit to stop the deal.

Visa bought Plaid in January as part of a $5.3bn deal, but now fears about it creating a monopoly situation could make regulators put a stop to the acquisition.

No-code risk and compliance solution Unit21 has closed a funding round on $13m to support the growth of its product.

Despite coronavirus putting uncertainty on a lot of businesses, open banking platform Plaid is launching operations in the Netherlands.

Venture capital Lightspeed Ventures, Founders Fund and PayPal founder Max Levchin's SciFi VC have joined forces to back banking API provider Teller’s new funding round.

Payment giant Visa has announced that it has bought Plaid, a scaleup helping customers securely connect their financial information to apps.