San Francisco based Plaid has raised $250 million in new financing led by Kleiner Perkins whose outgoing partner Mary Meeker is now joining the company’s board. This valuation is way up from its most previous valuation of $250 million during a Goldman Sachs led $44 million round in 2016.

This deal is also likely to be the last for renowned Kleiner Perkins partner Mary Meeker who announced she’s leaving this September to start her own fund. Meeker serves as director on the boards of Square, DocuSign and LendingClub and has also led investments into startups including Spotify, JD.com, Waze, Ring, Peloton and LegalZoom during her career.

image : Plaid

Other investors who participated in this round for Plaid include Andreessen Horowitz, Index Ventures and existing investors NEA, Spark Capital and Goldman Sachs. Plaid creates developer tools that help power financial processes for companies like Stripe, Acorns, Coinbase, Venmo, Simple, Betterment, Citibank and Fannie Mae.

It offers 6 core products, counts over 150 employees among its team and has analysed over 10 billion transactions according to its website. Other notable investors in Plaid include Google Ventures, Spark Capital, BoxGroup and American Express.