3 days ago
JPMorgan's Private-Research Push Now Includes Fintech Firm Plaid
JPMorgan Chase & Co. is initiating coverage of fintech giant Plaid Inc., marking the bank's latest move to expand its research division to include private firms.
Founded in 2013, Plaid builds the financial infrastructure that links consumer bank accounts to fintech platforms. Its back-end technology powers everything from budgeting apps to neobanks like Chime Financial Inc. Plaid was most recently valued at $6.1 billion after a funding round earlier this year.
