Plaid has named Jennifer (Jen) Taylor, whom of late offered as Cloudflare’s product that is chief, as its first president.

The move is notable in that it comes just months after the fintech startup hired former Expedia CFO Eric Hart to serve as its first chief officer that is financial*). The hiring of a CFO is a action frequently just taken by businesses which can be likely to get general public. In announcing Taylor’s visit, San Francisco-based Plaid remarked that her nearly seven-year tenure spanned pre, after and during Cloudflare’s IPO — maybe signaling that Plaid is inching nearer to a short general public offering (IPO).

Update

: A Plaid representative informed For Millionaires post-publication: “I can make sure an IPO that is eventual a milestone we’re tracking towards, but we don’t have any details or a timeline to share beyond that. Jen will be a critical component of maturing our tech and product strategy as we continue to grow and evolve*)Image that is Credits:

Jen Taylor, president / PlaidIn a LinkedIn

, Taylor penned: “postSuper excited to talk about that I’ve joined Plaid as President, where I’ll be managing groups across tech product that is the network that will power the future of finance.”Prior to joining Cloudflare, Taylor held high-level leadership positions at Salesforce, Facebook (now Meta) and Adobe and had a two-year stint as a venture capitalist.

Plaid got its start as a company that connects consumer bank accounts to financial applications, but has since been gradually expanding its offerings to also include lending, anti-fraud and payments. The company that is 11-year-old practically obtained by Visa for $5 billion before antitrust regulators shut that price down. Plaid continued to improve capital at

a $13.4 billion valuation after the offer dropped through, and has now worked to broaden its income channels since.In a

, Plaid co-founder and CEO Zach Perret penned that Taylor’s “experienc blog poste scaling services and products to satisfy customer that is increasing will be invaluable” as Plaid continues to expand its platform “to support ongoing innovation in financial services.”Plaid has 8,500 customers and over 1,000 employees. Its backers include a16z, Index Ventures, Altimeter, Silver Lake, NEA, Kleiner Perkins, JP Morgan, Citi Ventures, Amex Ventures, Goldman Sachs and Spark Capital, among others.

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