Plaid Raises $425M at $13.4B Valuation
iHodl.com
Main page News, Fintech, US Market, US

Plaid, a fintech startup based in San Francisco, has raised $425 million in a Series D round, bringing its valuation at $13.4 billion. According to an official blog post, Plaid raised funds from new investors, including Altimeter Capital, Silver Lake, and Ribbit Capital in addition to Andreessen Horowitz, Index Ventures, Kleiner Perkins, and others.

Subscribe to our Telegram channel to stay up to date on the latest crypto and blockchain news.

With the investments, the company will continue expanding its APIs that connect consumers' bank accounts to financial applications. Plaid's investments come after Visa failed to acquire the unicorn over regulatory pressure from the US Department of Justice.

Crypto Wallet Abra Partners with Plaid & Gives Access to Thousands of Banks

Visa was planning to acquire the company for $5.3 billion. However, the watchdog said the deal would "eliminate a nascent competitive threat that would likely result in substantial savings and more innovative online debit services for merchants and consumers."

If you are looking for a crypto trading platform to trade your assets, visit Gozo.pro, a safe and reliable exchange.

Read also:
Please describe the error
Close