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Plaid Plans to Double Europe Staff After Visa Deal Falls Through

January 19 2021

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Plaid

“Financial-technology firm Plaid Inc. is planning to nearly double its size in Europe, focusing on expanding the business’s global reach after Visa Inc. ’s $5.3 billion acquisition fell through . Plaid will have about 80 employees in its London and Amsterdam offices by the end of 2021, up from 40 to 50 currently, Keith Grose, […]

Companies

Visa’s Planned Purchase of Plaid Faces Antitrust Scrutiny at the Justice Department

October 27 2020

“Visa Inc.’s $5.3 billion deal to buy a key player in the financial-technology space is in jeopardy because of antitrust concerns, according to people familiar with the matter. The Justice Department could decide soon whether it will sue to block Visa’s acquisition of Plaid Inc., a firm that provides the technological infrastructure underpinning an array […]

Companies

Plaid Gives Lenders Access to Small Business Payroll Data to Speed Emergency Loan Approval

April 6 2020

“Start-up Plaid is looking to solve a pain point in the emergency loan process: Access to payroll data. Small businesses looking to survive the coronavirus slowdown are rushing to apply for emergency government loans. But as a part of that process, they need to download their payroll data and share it with their bank, who then needs […]

Companies

Plaid Introduces Liabilities to Create Debt-tracking Apps, Starting With Student Loans

July 19 2019

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Plaid

“Plaid is introducing a new product called Liabilities to help developers build applications around debt. For starters, Plaid is taking aim at a big problem in the U.S. — student loan debt . The product will expand to cover other kinds of debt over time, but the company wanted to start with student loans because […]