The Plaid Mafia

March 13, 2024
Tech Mafias

Plaid is a financial services company that provides technology to enable applications to connect with users' bank accounts. It was founded in 2013 by Zach Perret and William Hockey.

The idea behind Plaid stemmed from the founders' own experiences with the difficulties in accessing financial data while working on a different startup idea that also required integration with bank accounts. They realized that the process was cumbersome, and there was a clear need for a too.


Zach Perret and William Hockey

Since its inception, Plaid has seen significant growth and has raised multiple rounds of funding, indicating strong investor confidence in its business model and the broader fintech ecosystem. Its platform is now used by thousands of companies, from startups to large enterprises, to facilitate access to financial data across the banking system. Plaid's contribution to the fintech space has been substantial, enabling innovation and offering consumers more control over their financial data.

The Plaid Mafia

The Plaid Mafia has founded 9 companies and raised $795 million.

PS: Are you an Plaid Mafia member interested in bringing your community together to invest in innovative ventures (and enjoy potential profits and other perks along the way)? Or perhaps you're part of another dynamic group that could be a fantastic source of startup investments? πŸ˜‰

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List of all the amazing companies covered:

  • Pipe
  • TrueLayer
  • Stytch
  • TruckSmarter
  • Haven
  • Audioshake
  • flavrs
  • Pier
  • Thematic


Founder: Zain Allarakhia

Plaid Role: Software Engineer

Capital Raised: $323.1M

Investors: Craft Ventures

Stage: Debt Financing

Pipe is a global trading platform for recurring revenue streams.



Founder: Luca Martinetti

Plaid Role: Lead Data Engineer

Capital Raised: $271.5M

Investors: Tiger Global Management

Stage: Series E

TrueLayer is a fintech platform built for financial apps that connect to bank data, verify accounts and access transactions.



Founder: Paolo Bernasconi

Plaid Role: Product Manager

Capital Raised: $44M

Investors: Bain Capital Ventures

Stage: Series B

TruckSmarter's mission is to empower truck drivers lives across the US through technology and grit.



Founder: Reed McGinley-Stempel, Julianna Lamb

Plaid Role: Product Manager

Capital Raised: $126.3M

Investors: Index Ventures

Stage: Series B

Stytch improves security and user experience with passwordless authentication.



Founder: Jonathan Chao

Plaid Role: Product Lead - Consumer Group

Capital Raised: $13.5M

Investors: BoxGroup

Stage: Series A

Haven is a technology and marketplace platform that unlocks homeowner engagement for mortgage services.



Founder: Luke Miner

Plaid Role: Data Scientist

Capital Raised: $4.7M

Investors: Indicator Ventures

Stage: Seed

AudioShake uses AI to separate music and speech to help make audio more interactive and accessible.



Founder: François Chu

Plaid Role: Product Manager

Capital Raised: $7M

Investors: Andreessen Horowitz

Stage: Seed

Flvrs is a shoppable video platform that combines premium food content and commerce for foodies.



Founder: Alex Hegevall Clarke

Plaid Role: Solutions Engineering

Capital Raised: $2.9M

Investors: Y Combinator

Stage: Seed

Pier develops an API for launching credit products.



Founder: Brian Wey

Plaid Role: Product Lead

Capital Raised: $2.3M

Investors: Lux Capital

Stage: Seed

Thematic is a cutting-edge platform for creating, deploying, and administering unique investment products on a large scale.


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