Recent events
Recent events tied to this brand in public sources.
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2022
Frost Bank partners with Plaid on account integration
Frost Bank teamed up with Plaid to let Frost customers connect their Frost accounts to other financial accounts through Plaid's platform, via Frost's mobile app and online banking site.
2022
Plaid acquires Cognito
Plaid acquired Cognito, a fintech company that provides identity-verification and compliance solutions.
2021
Plaid agrees to $58 million class-action settlement
Plaid settled a class-action lawsuit in which consumers alleged that it used questionable tactics to collect bank-account data for fintech clients. The agreement provides for a $58 million settlement fund and changes to Plaid's business practices and policies; the allegations are not stated as a court finding.
2021
Plaid settles consumer class-action lawsuits
Plaid settled five combined class-action lawsuits in which consumers alleged it used banking login credentials to collect and sell financial data without consent. The agreement establishes a $58 million settlement fund and requires changes to business practices and policies; the allegations are not presented as a court finding.
2021
Plaid completes $425 million Series D funding round
Plaid announced that it had completed a $425 million Series D funding round, raising its valuation to $13.4 billion. The company said it intended to use the funds to develop infrastructure and scale its market venture.
2021
Lendlord partners with Plaid
Lendlord partnered with open banking platform Plaid, enabling users to link bank accounts to Lendlord and automate cashflow and rent collection.
2021
Plaid launches FinRise incubator
Plaid is launching FinRise, a nine-month incubator for early-stage fintech founders from underrepresented backgrounds.
2021
Visa abandons Plaid acquisition
Visa abandoned its planned $5.7 billion acquisition of Plaid following a U.S. Department of Justice antitrust lawsuit challenging the deal.
2020
Plaid launches real-time account updates
Plaid began providing real-time updates of bank and fintech account data; Branch was the first fintech to use the service.
2020
FinancialForce announces integration with Plaid
FinancialForce announced an integration with Plaid that will let customers connect bank accounts to FinancialForce Accounting and import statements for reconciliation. The feature was planned to launch later in 2020 in the US and Canada, with other countries to follow in future updates.
2020
Bankable and Plaid form partnership
Bankable and Plaid formed a partnership enabling Bankable customers to use Plaid technology to connect with users' bank accounts worldwide.
2020
Visa announces planned acquisition of Plaid
Visa announced that it plans to acquire Plaid for $5.3 billion. Plaid was expected to continue operating as an independent company after the deal closes.