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Image Credits:Jen Taylor, president / Plaid
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Plaidhas name Jennifer ( Jen ) Taylor , who most late attend as Cloudflare ’s master ware military officer , as its first chairwoman .
The move is notable in that it total just months after the fintech inauguration rent former Expedia CFO Eric Hart to serve as itsfirst chief fiscal officer . The hiring of a CFO isa footstep usually only occupy by company that are planning to go public .
In foretell Taylor ’s designation , San Francisco - ground Plaid pointed out that her nearly seven - year term of office spanned pre , during and after Cloudflare ’s IPO — perhaps point that Plaid itself isinching secretive to an initial public oblation ( IPO ) .
Update : A Plaid spokesperson told TechCrunch post - publishing : “ I can confirm that an eventual IPO is a milestone we ’re tracking towards , but we do n’t have any detail or a timeline to share beyond that . Jen will be a decisive factor of mature our technical school and product strategy as we continue to raise and evolve . ”
In a LinkedInpost , Taylor wrote : “ Super excited to share that I ’ve join Plaid as President , where I ’ll be overseeing teams across technical school + Cartesian product building the internet that will power the time to come of finance . ”
Prior to joining Cloudflare , Taylor held high - level leadership positions at Salesforce , Facebook ( now Meta ) and Adobe and had a two - twelvemonth least sandpiper as a venture capitalist .
Plaid beat its beginning as a company that connects consumer camber calculate to financial applications , but has since been gradually expand its offering to also include lending , anti - fraud and payments . The 11 - year - old troupe was almost acquired by Visa for $ 5 billion before antimonopoly regulators exclude that stack down . Plaid went on to recruit funding ata $ 13.4 billion valuationafterthe batch fell through , and has knead to branch out its receipts streams since .
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In ablog C. W. Post , Plaid co - founder and CEO Zach Perret wrote that Taylor ’s “ experience scaling products to meet increasing customer demand will be invaluable ” as Plaid retain to expand its chopine “ to stick out ongoing instauration in financial services . ”
Plaid has 8,500 customers and over 1,000 employee . Its backers include a16z , Index Ventures , Altimeter , Silver Lake , NEA , Kleiner Perkins , JP Morgan , Citi Ventures , Amex Ventures , Goldman Sachs and Spark Capital , among others .
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Plaid tap former Expedia exec as its raw chief financial officeholder , says ‘ no timeline ’ for IPO