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Recognized by

Plaid

Stop Overpaying for Plaid License with CloudNuro

Category:
Fintech API Provider
Headquarters:
San Francisco, California, USA
Year Founded :
2013

Plaid

Plaid is a fintech platform that enables secure data connectivity between financial institutions and applications. It provides APIs that allow businesses to access banking data, verify identities, and facilitate transactions. Companies use Plaid to integrate with thousands of banks for account verification, credit scoring, and fraud detection. It supports financial applications like budgeting, lending, and payment processing. Plaid�s real-time data retrieval improves user experience in fintech services. The platform enhances security through multi-factor authentication and encryption. Businesses leverage Plaid to streamline onboarding processes and improve financial decision-making. Its developer-friendly API simplifies fintech app development. Plaid�s open banking solutions enable seamless data sharing while maintaining regulatory compliance.

Why This Tool?

Plaid is a fintech platform that enables applications to connect with users' bank accounts, retrieve financial data, and initiate secure payments. Developers, banks, and fintech companies use Plaid for account verification, budgeting tools, and payment initiation via APIs.

Benefits of the Tool?

Plaid enables secure, reliable access to financial data, powering use cases from PFM tools to neobank payments and lending applications.

Pricing Insights

Transparency Score: Measures how easy it is to understand an app’s pricing structure. A high score means clear, predictable costs with no hidden fees, while a low score indicates complex or opaque pricing.

Flexibility Score: Evaluates how adaptable an app’s pricing is to your needs. A high score means you can scale up/down, switch plans, or adjust licenses easily, while a low score suggests rigid contracts and limited customization.

Transparency Score
3
/10
Flexibility Score
3
/10

Pricing Model:

Usage-based API pricing, enterprise contracts available.

Features

Account Aggregation, Auth, Identity Verification, Transactions, Investments, Liabilities, Assets, Payment Initiation

Use Case

A budgeting app uses Plaid to securely connect users' bank accounts and retrieve real-time balances and transaction history.

Pros

Extensive bank coverage, Developer-friendly APIs, Fast data refresh, High uptime, Strong privacy policies

Cons

US-centric coverage, Occasional connection drops, Requires legal/tech review for integration, Expensive at scale

Security & Compliance

SOC 2 Type II, ISO 27001, GDPR, Open Banking, Data Encryption, Secure Tokenization, MFA Support

Featured  In

Plaid is used by Venmo, Robinhood, and Coinbase. Featured in TechCrunch, Forbes Fintech 50, and open banking discussions globally.

Alternatives

Yodlee, MX, Finicity, TrueLayer, Teller

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Plaid is a fintech platform that enables secure data connectivity between financial institutions and applications. It provides APIs that allow businesses to access banking data, verify identities, and facilitate transactions. Companies use Plaid to integrate with thousands of banks for account verification, credit scoring, and fraud detection. It supports financial applications like budgeting, lending, and payment processing. Plaid�s real-time data retrieval improves user experience in fintech services. The platform enhances security through multi-factor authentication and encryption. Businesses leverage Plaid to streamline onboarding processes and improve financial decision-making. Its developer-friendly API simplifies fintech app development. Plaid�s open banking solutions enable seamless data sharing while maintaining regulatory compliance.

Category
Fintech API Provider
Headquarters
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Year Founded
Fintech API Provider
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Frequently Asked Questions

Is Plaid compliant with Open Banking?

What countries does Plaid support?

What's the pricing model for Plaid?

Customer Reviews

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Joe Hamlin
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