Plaid acquired competitor Quovo earlier this year and has just announced their first offering through the company, Investments; the new...
Banking data aggregator Plaid has acquired their main competitor Quovo in a deal that Bloomberg said could reach $200mn; the...
Quovo raised $10 million in Series B funding from existing investors FinTech Collective, Long Light Capital and they were joined by F-Prime Capital and Napier Park Financial Partners; "We're excited to see the continued traction and adoption of our services across the financial services and Fintech space," said Lowell Putnam, CEO and co-founder of Quovo; the capital will be used for growth of the platform and building out their bank API and Quovo Connect module. Source
Fintech firm Quovo launched its bank API in November 2016 with 18 financial institutions; it has now expanded to 215; the API technology allows fintech firms to verify accounts and offer ACH payments and transfers; Quovo's recent partnership expansion has also included credit unions and regional banks. Source
Plaid’s recent acquisition of competitor Quovo is helping to set the stage for a new chapter in data aggregation; David...
Envestnet’s Yodlee, Quovo and Morningstar’s ByAllAccounts have come together to establish a data sharing framework with banks and fintechs; the...
In partnership with Quovo, SoFi has integrated an API for wealth management customer authentication and data aggregation into its platform infrastructure; with the API integration, customers can now link with over 200 financial institutions; the new API allows customers to pull in data from existing accounts for various purposes on the platform. Source