What is Plaid and Why Does Revenued Use it?

What is Plaid?

Plaid allows users like you to securely connect your financial accounts to an app like Revenued in seconds. Plaid does not share your personal information without your permission, and they don’t sell or rent it to outside companies. 


Why do we Use it?

We use Plaid because, in order to be underwritten for the Revenued Business Card + Flex Line, we need to connect with your business bank account to analyze spending activity. With Plaid’s end-to-end data encryption, secure cloud infrastructure to third-party security, we trust Plaid to do this.


What Other Applications Use Plaid?

Plaid cooperates with thousands of applications including some that may be familiar to you. If you’ve used any of the below applications before, you’ve already used Plaid Services:

Chime Earnin
Dave Acorns
Venmo Expensify
Cleo SoFi
Twine Drop
Brigit Digit
Wise MoneyLion
Current And many more…


How do I Connect my Bank Using Plaid?

Connecting your bank with your Revenued application is easy following these steps:

Step 1

During the Revenued Card + Flex Line application, you’ll select a financial institution from the list. Then, enter your login & password.

Step 2

In just seconds, your bank account data will be encrypted and shared with Revenued. Don’t worry, your login and password will never be shared with Revenued.

Step 3

Plaid will continue a secure ongoing connection between Revenued and your bank.

How Does Plaid Protect my Data?

Plaid helps you safely connect your financial accounts to the apps and services you love (like Revenued!). They use numerous ways to protect your personal data, information, transaction history, your account details, and much more. 

  • Plaid does not sell your data to Revenued : You’re in control of what you share with Reveneud and for how long. Plaid doesn’t share your data with anyone without your permission.
  • Encryption safeguards your data while using Plaid : When you use Plaid to connect a bank account to an app, it keeps your data safe and private with best-in-class encryption protocols like the Advanced Encryption Standard (AES 256) and Transport Layer Security (TLS).
  • Multi-factor authentication adds an extra layer of security : To help ensure a secure account connection, Plaid built its own multi-factor authentication (MFA) in case your financial institution doesn’t offer one. With Plaid’s MFA as a backup, almost all logins feature this extra security step.
  • Our products are built on secure cloud infrastructure : Plaid uses modern cloud technologies to host the Plaid API. By using cloud infrastructure, they are able to leverage years of safety enhancements to better protect data.
  • Around-the-clock monitoring protects your information : Robust safety monitoring, automated alerts, and a 24/7 on-call team help Plaid quickly respond to and resolve any potential issues, so you can be confident your private information is secure.

Learn How to Connect Revenued With Plaid

Find out if the Revenued Card + Flex Line is Right for You
If the Revenued Card + Flex Line sounds like a good fit for your business, get in touch with a member of our sales team by calling +1-877-662-3489 x2 or email . If you’re ready to get started, simply fill out our online form today.
Instant approvals, flexible credit limits based on your business. Start your application for the Revenued Business Card today!
We're working on some pretty cool new pieces of content, including tools that will give you insight into your business finances.

Want to be the first to know when they launch?

Can Cash Flow Challenges Be Solved Using Line of Credit?

Cash flow challenges can affect small businesses in any industry.  Invoice-based and seasonal companies are especially vulnerable to cash flow shortages because of their inconsistent revenue. Even restaurants and retail stores that are historically less prone to day-to-day income fluctuations were hit hard by COVID-19 restrictions.  So what can you do to prepare for cash […]

How Do Personal Credit and Business Credit Affect Each Other?

Though personal credit and business credit are two separate things, your personal credit scores can impact your ability to get a business loan, credit card, or other financing types. This is especially true if you are still establishing your business credit profile.  Many banks and lenders use your personal credit scores as a large part […]

How to Get Business Credit

Determining how to get business credit is as easy as doing a bit of research and forming a strategy that fits your business.

Who Is Eligible for the Paycheck Protection Program (PPP)?

Note: Due to funding no longer being available through the US Small Business Administration (SBA) for the Paycheck Protection Program (PPP), Revenued is no longer accepting applications. To diminish the spread of COVID-19, U.S. companies were ordered to close down or severely limit operations. This severely impacted the lives and well-being of individuals and continues to […]