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

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TechCrunch 1d ago

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

Quick Summary:

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, the fintech company confirmed to TechCrunch.

The valuation is about less than half of the $13.

Plaid will not go public in 2025 but it is a milestone the company continues “to track towards,” according to the spokesperson.