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Hua Li [] of ByteByteGo [] has a great article on how Plaid [] works and adds value.

There is a need for Plaid analogues in every country’s banking system. We have already made one investment in a Plaid analogue in South Asia and we are actively looking for similar opportunities.

We like this fintech model because:

1. It works with the banks instead of competing with them
2. It is a natural monopoly / oligopoly – how many companies do you think banks will let into their systems?

#Fintech [] #Banking [] #EmergingMarketsAngelInvesting [] #AngelInvesting []

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