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No Plaid IPO for 2024

Plaid, the startup plumbing much of the fintech economy, has no IPO plans for 2024, CEO Zach Perret said this week in Las Vegas. The company has recently hired a CFO, former Expedia CFO Eric Hart, and a President, former Cloudflare CPO Jen Taylor.

"The majority of our focus this year is going to be on navigating the open banking transition...as we have to convert a lot of the connections that we have."

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