Plaid announced a $425 million funding round led by Altimeter Capital with participation from new investors, Silver Lake and Ribbit Capital.
The fintech company announced a $425 million Series D funding round on Wednesday, led by Altimeter Capital with participation from new investors, Silver Lake and Ribbit Capital. Earlier investors Andreessen Horowitz, Index Ventures, Kleiner Perkins and New Enterprise Associates also added to the round.
to block the deal, alleging that it would limit competition in the payments industry. A few months later, Visa scrapped its takeover efforts. The companies said the decision to end the merger was mutual.bank account to fintech apps like Venmo, Robinhood and Coinbase -- all of which have seen eye-popping growth during the pandemic. Plaid also added Google and Microsoft as customers last year, and said its customer base grew by 60% in 2020 amid the surge in digital finance.
"Our market is seeing a sea change, with consumers that we never thought would be embracing digital finance engaging with it in a big way," Perret told CNBC in a phone interview.