Plaid Technologies swipes $44m to connect startups to user data

Plaid Technologies, a software maker allowing fintech businesses to access users data, has raised $44m in Series B round of funding.

The investment was led by Goldman Sachs Investment Partners, with BoxGroup, GV, NEA and Spark Capital also participating.

California-based Plaid develops a suite of APIs that allow fintech startups to access data about users from various financial institutions to power their apps.?The company claims Venmo, Gusto, OptionsHouse, TransferWise and Charitywater among its clients.

Plaid says the funding will go towards developing its existing tools and APIs, as well as deepening its integration with financial institutions to access more consumer data. The funding will also drive international expansion.

The round brings the startup’s total funding to just shy of $60m, with NEA leading its $12.5m Series A round in 2014.

Copyright ? 2016 FINTECH GLOBAL

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