Plaid has recently secured a valuation of $8 billion in its latest funding round, reflecting an increase from the $6.1 billion it was valued at in April 2025.
Following this news, Plaid closed a new funding round with a valuation of $8 billion, as per the report by Bloomberg. The primary goal of this funding was to provide liquidity to employees holding shares in the privately held company. Details on the total capital raised have not been disclosed.
Expanding its Scope
According to the announcement, Plaid’s core business focuses on enabling consumers to access their financial data across various institutions, positioning it at the intersection of Open Banking and digital finance. In recent years, the company has expanded into credit scoring by collaborating with Fair Isaac Corporation (FICO) and developing a metric that incorporates real-time cash-flow data. It has since launched its own credit score product.
Moreover, Plaid has seen an increase in demand from AI companies using its data connectivity services, which is expected to broaden its customer base beyond traditional fintech firms.
