Hua Li [https://www.linkedin.com/in/ACoAAAQeascBCVbmhDiECRqo_YCiZWBfAesVoOM] of ByteByteGo [https://www.linkedin.com/company/bytebytego/] has a great article on how Plaid [https://www.linkedin.com/company/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?
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