Plaid, a US-based financial services software provider backed by internet and technology group Alphabet, secured $250m in series C funding on Tuesday.
The round was led by venture capital firm Kleiner Perkins according to CNBC, which reported that investment banking firm Goldman Sachs, Andreessen Horowitz, New Enterprise Associates (NEA), Spark Capital and Index Ventures also took part.
Kleiner Perkins partner Mary Meeker is joining the company’s board of directors in connection with the round, which valued it at $2.65bn according to CNBC.
Plaid provides the software infrastructure and tools that enable developers to build financial products that include features such as transaction management and user verification. It claims to be integrated with some 10,000 banks and 20 million consumer bank accounts.
Zach Perret and William Hockey, the company’s co-founders, said in a statement: “We are planning to grow the team and expand our operations. We are focused on shipping and scaling products that will both serve the growth and scale of these customers, and become the foundation for fintech for decades to come.”
The round boosted Plaid’s overall funding to at least $297m. GV, the Alphabet unit formerly known as Google Ventures, joined NEA, Spark Capital, Homebrew and Felicis Ventures to provide $2.8m of seed capital for the company in 2013.
Goldman Sachs subsequently led Plaid’s $44m series B round in mid-2016 through its Investment Partners fund, investing together with NEA.
