Mastercard and Visa have provided an undisclosed amount for Plaid, which was valued at $2.65bn as of a $250m round in December.

US-based financial software development platform Plaid has received an undisclosed amount of funding from payment services firms Mastercard and Visa.

Plaid’s software enables financial services organisations to create their own data-powered digital tools covering areas such as identity verification, account authentication and analysis of a customer’s investments or assets.

The company had raised at least $297m as of a $250m series C round in September 2018 featuring investment bank Goldman Sachs, Kleiner Perkins, Andreessen Horowitz, New Enterprise Associates (NEA),…

Robert Lavine

Robert Lavine is special features editor for Global Venturing.