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Plaid Raises $575 Million In Funding At $6.1 Billion Valuation

Plaid, the San Francisco-based fintech firm, secured new funding in a common stock sale.
The funding addresses employee tax obligations and provides team liquidity.
The raise totaled around $575 million, valuing Plaid at $6.1 billion post-money.
CEO Zach Perret noted revenue grew over 25% in 2024, with new products contributing.
Despite growth, Plaid's valuation decreased from $13.4 billion in 2021, reflecting market conditions.

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Financial Times

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Fintech Plaid completes new funding round but finds valuation cut in half

Pioneer of open banking will use $575mn raised from BlackRock and others to cover employee taxes and share buybacks

1 day ago·London, United Kingdom

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CNBC

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Plaid raises funding at $6 billion valuation, enabling some employees to cash out

Plaid announced a new funding round that values the fintech company at less than half of its peak price tag four years ago.

1 day ago·United States

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TechCrunch

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Fintech Plaid raises $575M at a $6.1B valuation, says it will not go public in 2025

Plaid, which connects bank accounts to financial applications, has sold about $575 million worth of common stock at a $6.1 billion post-money valuation,

1 day ago·United States

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Forbes

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Plaid Raises $575 Million In Funding At $6.1 Billion Valuation

The fintech company plans to use the proceeds to cover an upcoming tax bill resulting from employee stock grants and to let employees cash out some of their shares of Plaid stock.

2 days ago·United States

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SiliconANGLE

Financial technology startup Plaid closes $575M investment at $6B valuation - SiliconANGLE

Plaid Inc., a startup that provides software for connecting financial applications with one another, has raised $575 million in fresh funding. The raise was led by a group of new investors that included Franklin Templeton, Fidelity and BlackRock. Plaid detailed in its announcement of the round today that several returning backers chipped in as well. […] The post Financial technology startup Plaid closes $575M investment at $6B valuation appeared…

16 hours ago

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