Plaid valued at $8bn in new funding round – report [Yahoo! Finance]
JP Morgan Chase & Co. (JPM)
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Source: Yahoo! Finance
The round was intended to provide liquidity for employees holding shares in the privately held San Francisco-based company, the news agency said citing unnamed sources. The exact sum raised has not been disclosed. Established in 2013, Plaid has attracted attention as a potential IPO candidate and is known for providing infrastructure that helps users link their data between financial institutions. Earlier this year, a funding round valued the company at $6.1bn after it raised $575m. This remains below its 2021 valuation of $13.4bn, during a period when fintech companies saw heightened investment activity. A spokesperson for Plaid did not comment on the latest funding round. Recently, Plaid moved into credit scoring, working with data analytics firm Fair Isaac on a new metric using real-time cash-flow data. The company has also launched its own credit score and has seen use by AI firms relying on its services. The firm's expansion has brought scrutiny from traditional
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JPM
Sec Filings
- 2/27/26 - Form 424B2
- 2/27/26 - Form 424B2
- 2/27/26 - Form 424B3
- JPM's page on the SEC website