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About Plaid
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
Late Stage VC
Total Funding
$1.3B
Headquarters
San Francisco, California
Founded
2013
Overview
Company Historically Provides H1B Sponsorship
Plaid simplifies financial data management for individuals and businesses by connecting various financial accounts to apps and services. Its main product is a set of APIs that allow developers to integrate financial data into their applications, enabling users to track spending, initiate payments, and access financial services all in one place. Plaid serves a wide range of clients, including app developers and financial institutions, and is used by popular apps like LendingTree and Square. Unlike many competitors, Plaid focuses on providing a comprehensive suite of APIs that cover various financial use cases, ensuring secure and seamless data sharing. The company's goal is to enhance the way users interact with their financial information, making it easier and more efficient.
Simplify's Take
What believers are saying
- Plaid raised $575 million, indicating strong investor confidence.
- Embedded finance trends expand Plaid's market reach into non-financial platforms.
- Open banking regulations in Asia and Latin America offer new expansion opportunities.
What critics are saying
- Increased competition from startups offering similar services at lower costs.
- Regulatory scrutiny on data privacy may increase compliance costs.
- Delay in IPO plans and valuation drop may impact investor confidence.
What makes Plaid unique
- Plaid offers developer-friendly infrastructure for seamless financial data integration.
- Plaid's APIs cover transactions, authentication, and identity verification, among other services.
- Plaid connects financial accounts to apps, enabling secure data sharing and management.
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Funding
Total Funding
$1309.3M
Above
Industry Average
Funded Over
6 Rounds
Kleiner Perkins
Andreessen Horowitz
New Enterprise Associates
BoxGroupBenefits
We've got you covered: From medical, life, and 401ks, weâre here to support your physical, mental, and financial wellbeing.
Everyone is an owner: We want everyone to feel ownership over their work - literally, which is why we offer equity to full-time Plaids.
Vacation your way: We want to make sure you have time to meet your personal needs with unlimited PTO and two weeks of synchronous, company-wide vacation.
Grow your skills: Every Plaid is in control of their career development with our learning stipends, tools, and trainings.
Growth & Insights and Company News
6 month growth
â -1%1 year growth
â 0%2 year growth
â -1%For Plaid, the connectivity â tying bank accounts to a broad range of providers across financial systems â lays the groundwork for double-digit growth. And while the news Thursday (April 3) may have centered on a $575 million capital raise (and a $6.1 billion valuation) and the fact that the firm will reportedly not go public [] The post Plaid: Bank Account Connectivity Underpins âData Revolutionâ in Financial Services appeared first on PYMNTS.com.
Plaid, a leader in the %Plaid sector of the %Fintech industry, has successfully raised $575 million in a funding round led by notable investors including Fidelity, BlackRock (NYSE: $BLK), Franklin Templeton, and NEA.
Plaid postponed its IPO plans and raised $575 million in a downround, valuing the fintech at $6.1 billion. This is a significant drop from its 2021 valuation of $13.4 billion. The round was led by new investors like Franklin Templeton, Fidelity, and BlackRock. Funds will provide liquidity to employees and convert RSUs. Despite a 25% revenue growth in 2024, Plaid isn't ready for an IPO yet, but plans one in the future. Recent market volatility has cooled IPO interest in tech.
Digital finance platform Plaid says it has raised $575 million in new funding.
Plaid's $575M raise: no IPO in 2025, valuation dips.
Plaid is Hiring for 70 Jobs on Simplify!
Find jobs on Simplify and start your career today
Software Engineering
15 Open Roles
Engineering Management
7 Open Roles
Data & Analytics
4 Open Roles
IT & Security
2 Open Roles
AI & Machine Learning
2 Open Roles
Sales & Solution Engineering
1 Open Roles
DevOps & Infrastructure
1 Open Roles
Developer Relations
1 Open Roles
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About Plaid
Industries
Fintech
Financial Services
Company Size
1,001-5,000
Company Stage
Late Stage VC
Total Funding
$1.3B
Headquarters
San Francisco, California
Founded
2013
Plaid is Hiring for 70 Jobs on Simplify!
Find jobs on Simplify and start your career today
Software Engineering
15 Open Roles
Engineering Management
7 Open Roles
Data & Analytics
4 Open Roles
IT & Security
2 Open Roles
AI & Machine Learning
2 Open Roles
Sales & Solution Engineering
1 Open Roles
DevOps & Infrastructure
1 Open Roles
Developer Relations
1 Open Roles
People Also Viewed
Discover companies similar to Plaid