Technology giant Microsoft has partnered with Plaid new financial management offering, which will turn the spreadsheet software into a fintech app.

The new offering, dubbed Money in Excel, is available to Microsoft 365 subscribers, initially in the US.

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It features a Plaid integration and enables users to securely connect their financial accounts, import the data within them, sync balances and transactions over time, and have better insights into their financial health.

Plaid provides the permissioned connection to financial accounts through Plaid Link from directly within the Microsoft Money in Excel experience.

Once the accounts are linked, individuals can access their balance and transaction history, offering an up-to-date financial picture.

To better understand the users spending behaviour, Money in Excel includes a Monthly snapshot, sheet feature, providing personalised charts and graphs based on their data. The new offering also supports customisation with options such as recurring expenses, net worth, and others.

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Plaid COO Eric Sager said: “Plaid has always focused on powering innovators. To date that has consisted primarily of developers at startups like Venmo, Square, Acorns, Blend, Dave and others.

“However, it might surprise people to learn that we are talking to more than 25% of Fortune 100 companies about serious fintech initiatives. Like Microsoft, many of these larger, tech-forward companies have little to no role in financial services today, but will likely help shape our fintech reality for decades to come given their consumer footprint.”