Perret: Most consumers view banks as a tax draining money via fees
Zach Perret · Metacorn: How to Build a Platform that Fuels an Ecosystem with Plaid Co-Founder/CEO Zach Perret · Dec 16, 2019 · at 26:06
Zach Perret, co-founder and CEO of Plaid, discusses consumer distrust of traditional financial institutions following the 2008 financial crisis and the motivation behind fintech products.
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“Most people treat treat banks as, or think of banks as a tax on their lives. You put your money into a bank, and it's just a matter of time before they charge you enough fees that it's gone.”
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“We raised, I think it was a twelve million dollar Series A, and knew that we had to spend at least a few million on, on this lawsuit.”
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