Plaid lands USD2.8m for banking data

Secured funding

Banking data firm Plaid has raised USD2.8m from Spark CapitalGoogle Ventures, NEAFelicis Ventures and Homebrew Capital. The firm calls itself an “API for banking data” and says it aims to help developers build financial apps.

“In the past, you had to mail your statements and receipts to your accountant, who would read through names like SBXUSQ0112x and try to figure out what the transactions mean. Using Plaid, applications allow users to link their accounts and get high-context data on each transaction – cleaning up that transaction to Starbucks Coffee at 41 Union Square West, NYC 10003.”

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