Plaid
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Investors
Founders
About
Plaid is a fintech infrastructure company founded in 2013 by Zach Perret and William Hockey, headquartered in San Francisco 1. The co-founders met as consultants at Bain & Company in Atlanta and initially set out to build a consumer financial planning app, but pivoted to building the API infrastructure layer connecting consumer bank accounts to financial applications 2. One of Plaid’s earliest customers was Venmo 2. In January 2020, Visa announced a $5.3 billion acquisition of Plaid, but the deal was abandoned in January 2021 after a DOJ antitrust lawsuit 1. The company has raised approximately $1.32 billion across 10 funding rounds 3.
Funding History
| Round | Date | Amount | Lead Investor(s) | Key Co-Investors | Valuation |
|---|---|---|---|---|---|
| Seed | Late 2013 | $2.8M | Spark Capital, GV, NEA | – 1 4 | – |
| Series A | 2014 | $12.5M | NEA | Spark Capital 3 4 | – |
| Series B | Jun 2016 | $44M | Goldman Sachs Investment Partners | NEA, Spark Capital 5 | – |
| Series C | Dec 2018 | $250M | Mary Meeker / Kleiner Perkins | Andreessen Horowitz, Index Ventures, Goldman Sachs, NEA, Spark Capital 6 | $2.65B |
| Series D | 2021-04-07 | $425M | Altimeter Capital | Silver Lake, Ribbit Capital, Andreessen Horowitz, Index Ventures, Kleiner Perkins, NEA, Spark Capital, Thrive Capital 71516 | $13.4B |
| Series D (ext) | 2021-08-17 | Undisclosed (not publicly stated) | J.P. Morgan Private Capital Growth Equity Partners, Amex Ventures | 8101112 | $13.4B (unchanged) |
| Common stock sale (characterized as Series E in press) | 2025-04-03 | $575M | Franklin Templeton | Fidelity Management and Research, BlackRock, NEA, Ribbit Capital 91314 | $6.1B post-money |
What Investors Say
No independently sourced investor testimonials found.
What Founders Say
No independently sourced founder testimonials found.
Sources
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Plaid Inc., Wikipedia, accessed March 2026. https://en.wikipedia.org/wiki/Plaid_Inc.↩↩↩
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Contrary Research, “Report: Plaid Business Breakdown & Founding Story,” accessed March 2026. https://research.contrary.com/company/plaid↩↩
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Tracxn, “Plaid — 2026 Funding Rounds & List of Investors,” accessed March 2026. https://tracxn.com/d/companies/plaid/__PFsXp_Fl7Y2dkZ33wduP6cmZ6cBUapYqMjqrsc6oP9g/funding-and-investors↩↩
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Spark Capital, “Congratulations, Plaid!” Medium, accessed March 2026. https://medium.com/@sparkcapital/congratulations-plaid-2835ea8acbcf↩↩
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PR Newswire, “Plaid announces $44 million Series B led by Goldman Sachs Investment Partners,” June 2016. https://www.prnewswire.com/news-releases/plaid-announces-44-million-series-b-led-by-goldman-sachs-investment-partners-300286865.html↩
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TechCrunch, “Fintech startup Plaid raises $250M at a $2.65B valuation,” December 11, 2018. https://techcrunch.com/2018/12/11/fintech-startup-plaid-raises-250m-at-a-2-65b-valuation/↩
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TechCrunch, “Plaid raises $425M Series D from Altimeter as it charts a post-Visa future,” April 7, 2021. https://techcrunch.com/2021/04/07/plaid-raises-425m-series-d-from-altimeter-as-it-charts-a-post-visa-future/↩
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Plaid Blog, “Plaid announces additional Series D funding,” August 2021. https://plaid.com/blog/plaid-announces-additional-series-d-funding/↩
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TechCrunch, “Fintech Plaid raises $575M at a $6.1B valuation, says it will not go public in 2025,” April 3, 2025. https://techcrunch.com/2025/04/03/fintech-plaid-raises-575m-at-6-1b-valuation-says-it-will-not-go-public-in-2025/↩
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PYMNTS, “Plaid Raises Additional Series D Funding Led By J.P. Morgan Private Capital, Amex,” August 17, 2021. https://www.pymnts.com/news/investment-tracker/2021/plaid-raises-additional-series-d-funding-led-by-jpmorgan-amex/↩
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American Banker, “Plaid stockpiles funding with investments by JPMorgan, American Express,” accessed July 2026. https://www.americanbanker.com/news/plaid-stockpiles-funding-with-investments-by-jpmorgan-american-express↩
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Finovate, “Plaid Lands Funding from JP Morgan Private Capital & Amex,” accessed July 2026. https://finovate.com/plaid-lands-funding-from-jp-morgan-amex/↩
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Plaid Blog, “Our latest fundraise,” April 3, 2025. Accessed July 2026. https://plaid.com/blog/our-latest-fundraise/ — Primary source: Plaid’s own announcement of the $575M raise led by Franklin Templeton with participation from Fidelity Management and Research and existing investors NEA and Ribbit Capital. Proceeds primarily used for employee tax withholding on expiring RSU conversions and an employee tender offer. ↩
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Fortune, “Plaid notches $575 million funding round as fintech sector rides upswing,” April 3, 2025. Accessed July 2026. https://fortune.com/2025/04/03/fintech-plaid-funding-round-fidelity-blackrock-franklin-templeton-nea-perret/ — Third independent tier-1 press confirmation of the $575M raise at $6.1B post-money valuation on April 3, 2025, led by Franklin Templeton with Fidelity, BlackRock, NEA, and Ribbit Capital participating. ↩
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Plaid company blog (Zach Perret), “Digital finance is everywhere, but it’s just getting started,” April 7, 2021, accessed July 2026. https://plaid.com/blog/digital-finance-is-everywhere-but-its-just-getting-started/ — Primary company announcement of April 7, 2021 Series D confirming $425M raise; new investors Altimeter Capital (lead), Silver Lake, and Ribbit Capital; existing investors Andreessen Horowitz, Index Ventures, Kleiner Perkins, NEA, Spark Capital, Thrive Capital participated. ↩
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Finovate, “Plaid Scores $425 Million in Series D Funding,” April 7, 2021, accessed July 2026. https://finovate.com/plaid-scores-425-million-in-series-d-funding/ — Independent fintech-industry press confirmation of April 7, 2021 $425M Series D at $13.4B valuation led by Altimeter Capital. ↩