Plaid raises funding at $6 billion valuation, enabling some employees to cash out

▤ Summary

Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020. The $575 million round was led by a batch of new investors including Franklin Templeton, Fidelity and BlackRock . Plaid CEO Zach Perret said the startup saw a "substantial" growth year with record revenue and positive operating margins, though he did not provide specifics. "The reality is our business is much stronger and revenue has grown quite substantially," Perret told CNBC. Plaid is "not ready" for an IPO quite yet, but this round will be the last private fundraise until the company lists on public markets, he said.

$ Funding

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Plaid

$100M to $250M