Source: CNBC
Summary
Plaid, a fintech company, has raised new funding, increasing its valuation to $13.6 billion. This represents a 31% increase from its previous valuation of $6.1 billion in April. The investment round was led by new investors, with existing investors also participating. Plaid’s valuation has more than doubled in less than a year.
Our Reading
The launch follows a familiar script.
Plaid’s valuation soars to $13.6 billion in a new funding round. Because what’s a fintech company without a valuation that’s more than double from last year? The “new” valuation is just a 31% increase from April. Investors are thrilled, as they always are when the numbers go up.
Author: Evan Null
