January 08, 2019
Quovo is joining Plaid
Zach Perret & William Hockey
Updated on January 10, 2019
We're excited to announce that Plaid has acquired Quovo to make it easier for developers to build products that incorporate investment and brokerage data.
Financial applications have historically used Plaid primarily to interact with checking and savings accounts. In acquiring Quovo, we are extending our capabilities to a wider class of assets. Our goal is to make money easier for everyone, and doing so requires that we consider consumers’ financial lives holistically. We’re excited to work with the Quovo team to enable this.
Quovo has built the leading platform for investment and brokerage aggregation, used by many of the biggest names in wealth management. Customers include both fintech companies, such as Betterment, Wealthfront and SoFi, as well as many of the most established names in wealth management, such as Vanguard, Empower Retirement, and John Hancock. Together, we’ll build a single platform that developers and large companies alike can use to build any financial application—from payments to lending to wealth management.
2018 was a year of immense growth for financial technology. As we enter 2019, we want to fully enable a digitally-delivered financial system—one that gives consumers convenience and control across their financial assets.
We are thrilled to welcome the Quovo team, their customers, and their partners into the Plaid family and look forward to building the future of financial services together.