Plaid Announces Additional Series D Funding Round

​US-based FinTech company Plaid announced on Tuesday its additional Series D funding from J.P. Morgan Private Capital Growth Equity Partners and the existing investor Amex Ventures. The funding round was co-led by Altimeter Capital and Silver Lake Partners.

In April 2021, the fintech raised $425 million in a Series D round also led by Altimeter Capital and Silver Lake Partners.

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“These are storied companies intrinsic to the fabric of financial services, and are important partners. Both J.P. Morgan’s Growth Equity Partners and American Express will be critical in our effort to enable great financial outcomes for consumers and drive innovation in the industry,” said the company.

According to the official press release, Plaid will accelerate its investments in building products that enable an open, easy to use, and secure financial services ecosystem, as it looks to support the massive growth in fintech.

Last month, Fazzaco reported that Plaid partnered with Nymbus​, a leading provider of banking technology solutions for financial institutions, to more instantly authenticate and fund customer bank accounts for financial institutions.