Will Plaid SPAC or IPO in 2025?
There are several highly anticipated financial technology, or fintech, IPOs that are likely to occur within the next few years. One of them is financial data network operator Plaid, which connects financial institutions and applications, and was former a (NYSE: V) acquisition target.
Plaid securely connects financial institutions and applications. For example, when I wanted to link my checking account to make mortgage payments at a different bank, Plaid was the tool that was used to connect them. When I wanted to verify income deposits into my bank account for loan approval purposes, it was Plaid that made it possible. These are just a few examples, and there are many others, such as connecting with your bank account to set up secure, recurring payments.
Plaid's traction has been impressive. Over half of all U.S. adults have used the platform, and from a business perspective, offering Plaid's seamless connectivity results in 25% higher sign-ups. The company makes its money primarily through volume-based subscription plans sold to business customers.
Source Fool.com
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