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The fresh capital builds on Plaid’s $425m Series D in April that upped the company’s valuation to $13.4b. The new funds will be used to help the Silicon Valley startup advance its efforts to meet the escalating market appetite for digital banking by investing in technology and products that facilitate a seamless, secure consumer finance ecosystem.
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“We built Plaid with a simple vision: if we could create a more open and connected financial system, consumers would benefit from more choice, control and oversight over their financial lives,” Perret said in the post.
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