Product Hunt Daily Digest
May 28th, 2019

The startup that powers Coinbase, Venmo and more

Today’s Daily Digest was crafted by Product Hunt and sponsored by our friends at Plaid.

Plaid, a platform that lets people connect their bank accounts to an app, announced its expansion into the UK today. The company will support major UK banks and neobanks as part of the launch.

Whether you’re a start-up with the next big innovation to serve the underbanked, or a large enterprise looking to leverage the latest in fintech on a global stage, you can now partner with Plaid to access banks globally.

A brief history of Plaid: Plaid was founded in 2012 with a focus on lowering the barriers to entry in financial services by making it easier and safer to use financial data. Companies like Acorns, Betterment, Coinbase, Transferwise, and Venmo all use Plaid, and tens of millions of people have successfully connected their accounts to apps they love using the service. In the past six months, Plaid raised $250M and acquired Quovo to give developers access to investment and brokerage data.

Plaid's products include:

🛍 Transactions: Access detailed transaction history and balance data

🏦 Auth: Instantly authenticate bank accounts for payments

👤 Identity: Verify users’ identities and reduce fraud

💸 Balance: Verify real-time account balances

📖 Assets: Verify borrowers’ assets straight from the source

💲 Income: Understand income and verify employment

You can also play around with Plaid's API for free. Start building here.

P.S. New developers get 500 free connections for UK banks.

P.P.S. Founder Club members get an additional special offer on Plaid.


NEW POD! On this week's episode of Product Hunt Radio we talk with Zapier co-founder and CEO Wade Foster about: 

👀 Zapier's “delocation package”
🤔 Managing team dynamics in a fast-growing company
🙌 The “cheat code” CEOs keep in their back pocket

Listen now and big thanks to our sponsors Pilot, and Embroker for their support for their support. 😸

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