Revenue at Plaid, which provides the pipes fintechs and banks use to talk to each other, jumped more than 25% last year, as at least half of all US consumers encountered its technology in some way. While banks used to chafe at working with their fintech competitors, most have come around to the idea that partnering with Plaid and others like it can be beneficial as their customers go online for financial products.
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Plaid’s revenue, usage rates jump as CEO sees ‘Fintech Spring’
“There’s just this truly renewed sense of optimism going into 2025,” Chief Executive Officer Zach Perret said in an interview. “It’s way more fun to operate in fintech spring than it was to operate in fintech winter.”
