Plaid Technologies Inc., a San Francisco, CA-based fintech platform, raised $44m in funding.
The round was led by Goldman Sachs Investment Partners with participation from New Enterprise Associates, Citi Ventures and American Express Ventures.
The company intends to use the funds to be used to enhance products, grow the team, support integrations with financial institutions, and expand into international markets.
Led by Zach Perret, CEO and co-founder, Plaid provides a technology platform that enables applications including Venmo, Gusto, OptionsHouse, TransferWise, and charity:water to connect with their users’ bank accounts.
The company’s suite of APIs provides the tools that developers need to build financial services applications, from high-quality transaction data to bank accounts authentication tools and comprehensive analytics to reduce fraud. financial technology platform that enables applications to connect with users’ bank accounts.