Plaid hits $13.4 billion valuation in the wake of scrapped Visa deal


Zach Perret, CEO and co-founder of Plaid, speaks during the Silicon Slopes Tech Summit in Salt Lake City, Utah, U.S., on Jan. 31, 2020.

George Frey | Bloomberg via Getty Images

Plaid raised a new round of capital that nearly triples its valuation a few months after a deal to be bought by Visa fell apart.

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.

The new financing boosts Plaid’s valuation to $13.4 billion, according to a person…


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