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Plaid was almost acquired by Visa for $5 billion before antitrust regulators shut down the deal.
The fintech giant has been gradually expanding its offerings to also include lending, identity verification, credit reporting, anti-fraud and payments.
The company says that enterprise and traditional financial institutions growth is starting to outpace the rest of its business.
On June 18 , it revealed its latest offering, Layer , a new product designed to unify “all the critical onboarding steps” for users.
Plaid has been vocal about its plans to go public, but it hasn’t yet set a timeline.
The company’s strategy of a push into enterprise is a familiar one, in that other large fintechs have also gone in this direction.
Payments giant Stripe has long had a focus on enterprise, while it still serves startups.
VR Score
78
Informative language
73
Neutral language
84
Article tone
informal
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English
Language complexity
45
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Attention-grabbing headline
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Known propaganda techniques
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Time-value
medium-lived
External references
3
Source diversity
2
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