Bill's tweet made me see a potential Stripe-Plaid merger in a new light

1

Stripe Capital

Recall what online credit card transactions still involve. Think of Stripe's API as an online, centralized version of a physical credit card terminal for accepting and distributing payments. They have achieved international scale with it and are one of the (if not the) fastest growing transaction networks of this size. Stripe also has a Capital arm that already uses banks to underwrite/provide credit lines to merchants. Plaid literally is an API that connects bank accounts and they have also achieved scale. The only missing capability is to issue a secure key like a credit card number/expiration/code combo, but that's not hard at all.

#Fintech #Productivity #Android 3 social mentions

2

Plaid

Plaid is a transaction network that connects over 11,000 banks and the accounts at those banks through a highly functional and easy to use API. Stripe's core business is also a transaction network, but one that connects all major credit cards through again a highly functional and easy to use API. Both Stripe and Plaid connect millions of merchants and consumers through online and mobile transactions on their APIs. Stripe connects them to credit cards and Plaid connects them to banks in these three-party transactions.

#Personal Finance #Mobile Banking #Other Fin Tech 78 social mentions