A Q&A with Alan Lee, VP of Engineering at Republic, a startup investing platform
Blog post from Plaid
Plaid Identity Verification has been instrumental in helping Republic build a secure investing platform that allows regular people to invest in highly vetted startups. By using Plaid's single solution, Republic was able to verify the identity of its 2.5 million users across over 100 countries in under 30 seconds. This helped reduce fraud rings and increased the platform's success rates from 60% to 90%. The partnership has also enabled Republic to focus on investing in user experience, building more sophisticated innovations, and bringing better features to the market earlier. With Plaid Identity Verification, Republic can trust that its vendor is doing amazing work and will continue to innovate and update the solution over time. As for advice, Alan Lee suggests partnering with your vendor and embracing the journey, highlighting the importance of understanding their roadmap and building synergies to create a better world.
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