Plaid is a fintech platform that has been gaining popularity in the mortgage space and now, after it already secured $250 million in Series C funding last December, the company has two new investors; Mastercard and Visa.
"In the mortgage space, Plaid, a 2019 HW Tech100 winner, provides an asset verification program that can be used as part of Fannie Mae’s Day 1 Certainty program," according to HousingWire.
"The company expanded earlier this year when it acquired Quovo, another company that also connects applications to customers’ accounts, although Quovo’s business is focused more on investment and brokerage accounts."
Plaid is working with the overall goal of continuing the digitization of commerce and providing a "consumer-first financial ecosystem," according to the report.
To learn more about Plaid and its most recent round of investments from MasterCard and Visa, click on the image above.