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Plaid has completed a $575M secondary share sale, recalibrating its valuation to $6.1B. https://t.co/0kYacE1aYV @FTI_Global, @Fidelity and @BlackRock led the round alongside @NEA and @RibbitCapital. #fintech #investment #ipo #finance #ustech #financialtechnology #valuation
Plaid voit sa valorisation fondre de moitié lors de son dernier tour de table. La fintech a levé 575 millions de dollars, la valorisant 6,1 milliards de dollars, contre 13,4 milliards quatre ans plus tôt. #PrivateEquity https://t.co/cQobChMSqG
Franklin Templeton leads fintech firm Plaid’s $575m fundraise https://t.co/hQztTUcbrK
Plaid, a financial technology startup, has successfully raised $575 million in a funding round led by Franklin Templeton, with participation from Fidelity, BlackRock, NEA, and Ribbit Capital. The latest funding values the company at $6.1 billion, a significant decrease from its previous valuation of $13.4 billion during the 2021-2022 investment boom. Despite the drop, the current valuation exceeds the $5.3 billion that Visa was willing to pay for Plaid five years ago. The company reported $400 million in revenue, indicating a period of expansion, even amid the challenging funding environment.
