Quovo is joining Plaid

Plaid has acquired Quovo to expand its capabilities beyond checking and savings accounts to include investment and brokerage data, aiming to make money easier for everyone by considering consumers' financial lives holistically. The acquisition brings together the leading platform for investment and brokerage aggregation used by major players in wealth management, including fintech companies like Betterment and Wealthfront, as well as established names such as Vanguard and Empower Retirement. With this move, Plaid aims to build a single platform that developers can use to create any financial application, from payments to lending to wealth management, with the ultimate goal of enabling a digitally-delivered financial system that gives consumers convenience and control across their financial assets.