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FinTech Plaid has appointed its first chief financial officer (CFO), a step toward a potential initial public offering (IPO).
Eric Hart, the former CFO of Expedia, has joined the 10-year-old startup, marking a milestone following its failed sale to Visa two years ago, the Financial Times (FT) reported Wednesday (Oct. 18).
CEO Zach Perret has expressed his intention to take Plaid public, although no specific timeline has been provided for the IPO. The addition of a CFO brings Plaid one step closer to that goal.
Hart expressed optimism in the future of digital payments.
“Expedia was one of the leading players in that space of the digitization of travel,” Hart told FT. “I see a very similar opportunity here, which is the digitization of financial services. That’s been happening for a while, but I think we can all see that that’s accelerated over the last few years.”
Despite its failed $5.3 billion merger with Visa in 2021, Plaid has continued to…
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