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2 years ago
Plaid’s Valuation Falls to $6 Billion Amid New Funding Round
News Summary
Fintech startup Plaid has announced a new funding round, raising $575 million and valuing the company at $6 billion. This marks a significant drop from its previous valuation of $13.4 billion in 2021. The funding round allows some employees the opportunity to cash out. New investors in this round include Franklin Templeton, Fidelity, and BlackRock, with existing backers NEA and Ribbit Capital also participating. The secondary sale reflects a broader trend of late-stage fintechs adjusting their valuations from 2021 peaks.
Story Coverage
ft.comFintech Plaid completes new funding round but finds valuation cut in half
Read Full Article →skynews.icuPlaid raises $575 million funding round at $6 billion valuation
Read Full Article →axios.comPlaid's valuation falls to $6.1B in $575M secondary sale - Axios
Read Full Article →nbcchicago.comPlaid raises funding at $6 billion valuation, enabling some employees ...
Read Full Article →techcrunch.com
