How a $13 Billion Fintech That Angered Jamie Dimon Won Over Banks
Over the past decade, Plaid’s digital pipes have enabled 1 in every 3 people with a US bank account to connect it to the app or service of their choosing. What’s next for Zach Perret’s $13.4 billion company?
Plaid’s San Francisco office
Photographer: Kelsey McClellan for Bloomberg Markets
Zap $50 to a friend via Venmo. Trade Bitcoin on Robinhood. Get a student loan with SoFi. Do any of those things, or many more that involve money nowadays, and odds are you’re doing business with Zach Perret.
Perret, 35, is the wunderkind behind Plaid Inc., the plumbing for more than 8,000 of today’s most popular financial apps. Never heard of it? Rest assured, your bank has. Plaid barely existed a decade ago. Today it’s woven itself into the very fabric of economic life.