Plaid, a San Francisco, CA-based startup focused on democratizing financial services through technology, raised $250M in Series C funding.
The round was led by Mary Meeker with participation from Andreessen Horowitz, Index Ventures, and Plaid’s previous investors Goldman Sachs, NEA, and Spark Capital. In conjuncion with the funding, Meeker will join the board.
The company, which brought total funding to date is $310M, intends to use the funds to grow its team, expand operations and scale its platform.
Co-founded by Zach Perret and William Hockey, Plaid provides is a fintech platform that enables developers to create innovative, easy-to-use financial services applications that empower people to live healthier financial lives. Its suite of APIs make it possible to mitigate risk, prevent fraud, reduce friction, and process transactions easily.
Plaid currently powers thousands of applications in the U.S. and Canada. Notable customers include Venmo, Coinbase and Acorns.
The company has 175 full-time employees across three offices, including its HQ in San Francisco, as well as New York and Salt Lake City.