Plaid at a glance
As of- [1] Latest valuation: TechCrunch, July 1, 2026
- [2] Equity raised: Sum of the 1 sourced equity round in the funding history below (debt, tender offers and rumored rounds excluded), April 3, 2025
- [3] Total funding (reported): CNBC, April 3, 2025
- [4] ARR: Sacra — Plaid at $546M-$575M ARR, growing ~40% YoY, 2024
- [5] Lead investors: CNBC, April 3, 2025
- [6] Founded: Wikidata (retrieved September 16, 2026)
- [7] Headquarters: Wikidata (retrieved September 16, 2026)
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Company Snapshot
Plaid is a fintech company, based in San Francisco, California, USA, founded 2013.
Recent changes
- Jul 24, 2026Jul 24, 2026Plaid, Verkada Quietly Line Up Banks for IPOs Pulse story
- Jul 14, 2026Jul 14, 2026Plaid's IPO Chatter Is a Fintech Market Signal Pulse story
- Jul 1, 2026Jul 1, 2026IPO an undisclosed amountRumored Bloomberg
- Feb 26, 2026Feb 26, 2026Tender offer for an undisclosed amount TechCrunch
- Feb 2026Feb 2026Valuation rose from $6.1B to ~$8B (Feb 2026 round + share sale)Estimated TechCrunch
Earlier changes (9)
- Apr 3, 2025Apr 3, 2025Raised $575M Series E at a $6.1B valuation CNBC
- Apr 3, 2025Apr 3, 2025First reported total funding: $1.3B CNBC
- Apr 3, 2025Apr 3, 2025New investor: Franklin Templeton CNBC
- Apr 3, 2025Apr 3, 2025New investor: BlackRock CNBC
- Apr 3, 2025Apr 3, 2025New investor: Ribbit Capital CNBC
- Apr 3, 2025Apr 3, 2025New investor: New Enterprise Associates (NEA) CNBC
- Apr 3, 2025Apr 3, 2025New investor: Fidelity Investments CNBC
- Apr 2025Apr 2025First reported valuation: $6.1B TechCrunch
- 20242024First reported arr: ~$575M (up from ~$400M in 2024, ~40% YoY)Estimated Sacra — Plaid at $546M-$575M ARR, growing ~40% YoY
Funding history
2 equity events · newest first · sources dated per row| Date | Round | Amount | Valuation | Lead investors | Source |
|---|---|---|---|---|---|
| Feb 26, 2026 | Tender offernot counted: no new capital | — | $8Bpost-money | — | TechCrunch |
| Apr 3, 2025 | Series E | $575M | $6.1Bpost-money | Franklin Templetonunverified WithNew Enterprise Associates (NEA)unverifiedRibbit CapitalunverifiedBlackRockunverifiedFidelity Investmentsunverified | CNBC |
Equity only. “Equity raised” above sums the rounds with a dated, linked source; rumored rounds, tender offers and secondary sales are listed but not counted, and debt financing is listed separately.
Debt, IPO & other events
not counted in equity raised| Date | Event | Amount | Valuation | Investors | Source |
|---|---|---|---|---|---|
| Jul 1, 2026 | ipoRumored | — | — | Bloomberg |
Investors
Latest Pulse
- Jul 24, 2026Plaid, Verkada Quietly Line Up Banks for IPOsTwo well-capitalized infrastructure unicorns are separately testing the IPO waters, suggesting the reopened window extends beyond consumer brands and SpaceX-scale mega-deals.→
- Jul 14, 2026Plaid's IPO Chatter Is a Fintech Market SignalPlaid is weighing a US IPO after reaching an $8 billion valuation, still well below its 2021 peak of $13.4 billion, a signal of how selectively fintech valuations are recovering as physical AI infrastructure dominates IPO attention.→
Coverage Timeline
newest firstAll Coverage
IPO
Plaid, Verkada Quietly Line Up Banks for IPOs
Two well-capitalized infrastructure unicorns are separately testing the IPO waters, suggesting the reopened window extends beyond consumer brands and SpaceX-scale mega-deals.
Plaid's IPO Chatter Is a Fintech Market Signal
IPO$8B considered valuation
Plaid's IPO Chatter Is a Fintech Market Signal
Plaid is weighing a US IPO after reaching an $8 billion valuation, still well below its 2021 peak of $13.4 billion, a signal of how selectively fintech valuations are recovering as physical AI infrastructure dominates IPO attention.
Value Add Research
- Company Deep Dive · Oct 5, 2026Plaid: Inside the $8 Billion Bank-Linking API Behind Venmo, Robinhood, and ChatGPT
- Market & Trends · Aug 17, 2026Plaid Hits $546M ARR, Up 40% and Now Profitable
- VC & Investing · Jul 15, 2026Plaid IPO Status Oct 2026: Private, $8B, No S-1 Filed
- VC & Investing · Oct 25, 2026Kleiner Perkins AUM in 2026: $21B Fund Size and Key Holdings
Related Companies
The VC Read
Plaid is the clearest proof that a blocked M&A exit can be the best thing that happens to a company — losing the Visa deal in 2020 forced it to build a real, diversified business instead of cashing out. Crossing $575M ARR with fraud and payments now the fastest-growing lines is exactly the profile banks want to see before an IPO roadshow. The open question is timing: Plaid is talking to banks, not filing paper, and in a market where fintech IPOs are being repriced weekly, waiting for the right window matters as much as the number itself.
How Plaid makes money
Plaid sells API access that lets fintech apps and banks securely connect to a consumer's bank account — for identity verification, account funding, balance checks, and payments. It charges per API call/connection, primarily to the fintech companies and banks that build atop its network rather than to end users.
The core linking business (Auth, Identity, Balance) is being extended into higher-margin, faster-growing lines: fraud and credit-risk analytics (anti-fraud revenue grew roughly 400% YoY in 2025) and Plaid-powered payments facilitation (up roughly 250% YoY). Those newer products now make up about 20% of ARR — the reason Plaid's growth reaccelerated after the 2020 Visa acquisition (~$5.3B) was blocked by regulators and it had to build a durable standalone business instead.
Competitors
- MX — Bank-data aggregation and analytics rival.
- Finicity (Mastercard) — Card-network-owned open-banking competitor.
- Yodlee (Envestnet) — Legacy account-aggregation incumbent.
- Stripe Financial Connections — Payments-adjacent bank-linking feature bundled into Stripe.
Profile sources (verified 2026-08-02): Bloomberg — Plaid weighs US IPO after $8B valuation · Sacra — Plaid at $546M-$575M ARR, growing ~40% YoY · Value Add VC — Plaid IPO 2026 analysis
Plaid FAQ
How does Plaid make money?
Plaid charges fintech apps and banks for API access to bank-account data and payments — identity verification, balance checks, account linking, fraud/credit analytics, and payments facilitation — rather than charging consumers directly.
What is Plaid's revenue?
Plaid reported roughly $575 million in ARR in 2025, up from about $400 million in 2024 — around 40% year-over-year growth, per its 2025 shareholder letter.
What is Plaid's valuation?
Plaid was last valued at ~$8B (an estimate) in its February 2026 tender offer, according to TechCrunch (July 1, 2026).
How much has Plaid raised?
Plaid has raised at least $575M in equity across 1 sourced funding round tracked by Value Add VC. The most recent was a $575M Series E in April 2025 at a $6.1B post-money valuation, reported by CNBC. Debt financing, tender offers and secondary sales are not counted. CNBC puts total funding at $1.3B (April 2025).
Who invested in Plaid?
Lead investors in Plaid's sourced funding rounds include Franklin Templeton. Per round: its April 2025 Series E was led by Franklin Templeton.
When was Plaid founded and where is it based?
Plaid was founded in 2013 and is headquartered in San Francisco, California, USA, according to Wikidata.
Sources & methodologyshow
Where these figures come from
- CNBCmajor outlet2 facts
- TechCrunchmajor outlet2 facts
- Bloombergmajor outlet1 fact
- Sacra — Plaid at $546M-$575M ARR, growing ~40% YoYresearch database1 fact
Figures are labelled Reported (a source states it), Estimated, Derived (computed from other facts) or Rumored (in talks / unconfirmed). Rumors never replace a confirmed figure. Each figure keeps its own as-of date; history is preserved rather than overwritten.