Fintech Plaid is $ 6.1 B $ 575 million worth $ 575 million, says it will not be published in 2025

PlyWhich connects bank accounts to financial applications sells about $ 575 million in the event of an estimate of $ 6.1 billion, Fintech confirmed TechCrunch.

Evaluation is less than half of $ 13.4 billion, which is based on San Francisco Ply rated at the time she raised 425 MILLION DOLLARS DROP In April 2021 by Altimeter Capital. A spokesman admitted his downturn, saying that it was “just a reflection of multiplication in the market.”

Really, higher interest rates have led to Lower estimates For many startups, which last rose above the high cycle in 2021.

The new CLAID estimate is about 15% over a $ 5.3 billion visa that was going to pay for the company before That acquisition deal was divided Due to the regulatory concerns in January 2021.

In 2025, the personnel will not be published in the public, but it is important that the company continues to “follow up.” In October 2023, Claid Forme Expedia Exec Eric Hart Serve as its new Chief Financial OfficerA number of the fact that seemed to Looking at IPO – Although without a schedule, does not pay attention.

Today, the company claims that it is “well-copied”.

“Claid business is in a big position, and we are optimistic about the upcoming opportunity,” said the speaker.

Franklin Templeton led “Oversubscred”, which included the participation of new base loyalty management and research, Blackrock and others, except for investors NEA and Ribbital. Plaid described the transaction as a “no number of E”, but a total of total shares that includes a company that directly releases new shares. This differs from the sale of secondary stocks, which occurs when existing shareholders sell their shares to other investors without any new capital to receive a company.

Call proceeds will be used to retain the tax on the reset of RSUSRestricted stock unitsShares and present its current team by its current team through the offer of an employee’s competition, CEO and co-founder Patriar (pictured above).

While the company does not break how much capital goes on every initiative, the speaker told the majority of TechCrunch, which will be held in the coming years.

“We raised the capital to cover the issue of RSU, and there is a small competition for employees, but it is the whole tour of the whole tour,” said the speaker.

Restricted stock units usually provide employees through an attractive schedule after they reach the required performance points or to stay with their employer.

This raise comes to the heels of what Perret is described as a “record year of profit year, returns to positive operational margins and companies and markets meaningful.”

He did not provide important income figures, saying that in 2024, income increased by more than 25%, and that the company approaches “stable profitability.” In a joint-stock letter viewed by TECHCRUNCH, Peret also wrote that the new product presented more than 20% of Plaid annual PLAID, “93% per year.”

Founded in 2012

Being a multi-apartment company, he has led to Fintech traditional customers, it has started serving. President J are Taylor TechCrunch last June The enterprise and the growth of the traditional financial institution “began to spread the rest of its business.”

In general, he saw sewing. “Great uphill Enterprises:“It served in 2024, Perret wrote in a shareholder letter. The company counts Citi, Robinhood, H & R Block, invitation houses as “main customers”.

Perret also wrote: “Our goal is to create software that the financial system makes it easy and better for everyone.

Plate has funded about $ 1.3 billion with funding during his life. It currently has 1,200 employees in Canada, United Kingdom.