Plaid, a California-based fintech firm, announced on Tuesday it is expanding into its first international market, Canada. Founded in 2012, Plaid focuses on enabling innovation and democratizing financial services through technology. The company reported it built consumer experience, developer-friendly infrastructure, and intelligence tools that give users the ability to create financial products.
According to Plaid, the launch extends its full API suite to Canada, including EFT authentication via our Auth endpoint. The company als added coverage for the largest financial institutions including Royal Bank of Canada, Scotiabank, TD Canada Trust, Bank of Montreal, CIBC, and Tangerine; and support cross-border institutions such as American Express and Capital One. Speaking about the expansion, Plaid stated:
“For the past few months, we’ve been running in beta in Canada with a number of customers, including Drop and Wave. Now, we’re excited to open up access to Canadian institutions to everyone, whether you’re thinking about building products specific to Canada or expanding across the border.”
Plaid added to access Canadian institutions, existing customers can toggle on coverage in the Dashboard.