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Fintech startupPlaidhas hired former Expedia CFO Eric Hart to serve as its first chief fiscal police officer .
When asked if the move meant that the company was design to go public , a representative told TechCrunch : “ We do not have any plans to IPO at this time … It will be a milepost we consider at some spot but no timeline to divvy up . ”
CEO Zach Perret portion out the news on X , writing : “ I ’m thrilled to welcome Eric Hart to Plaid as our first CFO . Eric is an incredible drawing card , and his many years of experience building Expedia into one of the largest platform in the world are urge on . delirious for Eric to get together us for the next phase of@Plaid ! ”
Hartspent over 13 days at Expedia , taking over as CFO in 2019 . Prior to that , he served as Expedia ’s primary scheme officeholder with responsibility for Expedia Group ’s strategy and business development , as well as global M&A and investments .
Plaid become its kickoff as a companionship that connects consumer cant describe to fiscal app program , but has since been gradually expand its offerings to offer more of a full - stack onboarding experience . It was almost acquired by Visa for $ 5 billion before antimonopoly regulator shut out that deal down . Plaid went on to raise funding ata $ 13.4 billion valuationafterthe deal fell through , and has worked to diversify its revenue streams since .
One of those efforts let in its anti - fraud payments product , Signal , which has been in the marketplace for about 10 calendar month , take apart $ 3 billion worth of bank payments monthly . Overall , Plaid says it is on rails to power 2 billion bank payment , which would represent a doubling of volume from the previous year and $ 10 billion in transaction time value , a interpreter tell TechCrunch via email .
In an e-mail program line , a Plaid voice enounce “ quicker , easy payments are no adept if they are n’t also safer . ”
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plant in 2013 by Zach Perret and William Hockey , Plaid has over 1,000 employee .
