Bank data sharing startup Plaid raises $250 million

Bank data sharing startup Plaid raises $250 million

Bank data sharing startup Plaid has raised a whopping $250 million Series C, valuing the three-year old company at $2.65 billion.

The round was led by Kleiner Perkins' Mary Meeker, who will also be joining Plaid's board. Former investorsGoldman Sachs, NEA and Spark Capital also participated.

The new funding is a big jump from last year's Series B, when the firm raised $44 million, with input from the likes of Citi, Goldman Sachs and American Express.

Plaid in October added JPMorgan Chase to its data sharing roster, enabling the array of fintech firms that use its technology to tap into the big bank's customer accounts. Fintechs that connect via Plaid include Robinhood, Venmo, and Copinbase among others.

The company claims that a quarter of US consumers with bank accounts have connected to Plaid through an app.

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