agreed to buy Plaid for a sum in the region of US $ 5.3bn .
However , after the US Department of Justice launched an attempt to block the transaction on the grounds of it potentially damaging competition within the sector , the parties mutually agreed to call it off .
Perret recalls this topsy-turvy few months as being the toughest period of his life , but things were looking up when , in April 2021 , Plaid sealed a US $ 425m Series D funding round which boosted its valuation to US $ 13.4bn .
Today , the firm is working with numerous Fortune 500 companies , including many of the largest banks in the world , to make it easy for people to connect their financial accounts to the apps and services they want to use .
“ The mission barely changes ,” Perret continued , during his conversation with the Financial Times .
And with Perret at the helm , Plaid will surely remain steadfast in its bid to fulfil this mission for many years to come . fintechmagazine . com 31