MoneyLion vs. Plaid

Overview
ProductRatingMost Used ByProduct SummaryStarting Price
MoneyLion
Score 1.0 out of 10
N/A
MoneyLion, headquartered in New York with offices in Sioux Falls, Salt Lake City, San Francisco and Kuala Lumpur, is a mobile finance platform described by the vendor as a tool to enable consumers to take control of their financial lives through better products for borrowing, saving, and investing.N/A
Plaid
Score 9.0 out of 10
N/A
Plaid in San Francisco offers a suite of applications supporting banks with risk management and customer account management features. Plaid is used by digital financial apps and services like Betterment, Expensify, Microsoft and Venmo, and by banks to make it easier for consumers to connect their financial accounts with the apps and services they want to use. Plaid connects with over 11,000 financial institutions across the U.S, Canada and Europe.
$500
per month
Pricing
MoneyLionPlaid
Editions & Modules
No answers on this topic
Scale
500+
per month
Test
Free
Launch
Pay as you go
Offerings
Pricing Offerings
MoneyLionPlaid
Free Trial
NoNo
Free/Freemium Version
NoYes
Premium Consulting/Integration Services
NoNo
Entry-level Setup FeeNo setup feeNo setup fee
Additional DetailsContact sales team for additional pricing. There may be one-time fees, subscription fees, per-request flat fees, or payment initiation fees depending on your needs.
More Pricing Information
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MoneyLionPlaid
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User Ratings
MoneyLionPlaid
Likelihood to Recommend
-
(0 ratings)
10.0
(1 ratings)
User Testimonials
MoneyLionPlaid
Likelihood to Recommend
MoneyLion
No answers on this topic
Plaid
Plaid is extremely well suited to be your payment API if you're a start-up looking to scale your banking connections fast and securely. Their API is fully functional upon integration. Most end-users have encountered Plaid before so it's a trusted platform for many consumers so even if you're a new app, users feel comfortable connecting their bank through Plaid.
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Pros
MoneyLion
No answers on this topic
Plaid
  • Plaid connects with 100s of US consumer banks.
  • Plaid continuously updates its software to meet the requirements of individual banks.
  • Plaid can get your company's payment processing up and running faster than traditional methods.
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Cons
MoneyLion
No answers on this topic
Plaid
  • Consumer feedback or troubleshooting typically comes back to us because Plaid doesn't have an easy way of re-routing support once a user encounters a problem.
  • Update timelines could be clearer when they are working on updating a connection with a certain bank.
  • The search functionality for the user to find their bank could be a little more robust.
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Return on Investment
MoneyLion
No answers on this topic
Plaid
  • Plaid got us up and running with most US-based and even some international banks with minimal engineering effort.
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ScreenShots