Plaid, a FinTech best known for enabling consumers to connect and share their financial data with banks and apps, has reportedly completed a fresh funding round that values the company at about $8bn.
According to PYMNTS, the company raised the money in a privately-held round, Bloomberg News reported on 26 February 2026, citing people familiar with the matter, but said the exact amount raised was not immediately clear.
Founded in 2013, Plaid has built infrastructure that helps apps and financial institutions link bank accounts and access user-permissioned data, making it a widely used layer in the ecosystem for payments, personal finance and other financial services.
According to Bloomberg, the latest financing was intended to give employees a route to gain liquidity for their shares, a move that can offer staff flexibility while the business remains private.
The company has been closely watched as a potential candidate for an initial public offering (IPO), with Bloomberg noting the long-standing market interest in when the firm might seek a listing.
Plaid previously announced in April that it had raised $575m in new funding, following what it described as a “meaningful expansion” of its product suite, as it moved beyond its early identity as a bank-linking provider.
Plaid co-founder and CEO Zach Perrett said, “Plaid has evolved from a business solely focused on bank linking, into a suite of data analytics products that are essential to financial services and adjacent markets,” in an April blog post.
Bloomberg reported that the April round valued the company at $6.1bn, which it said was less than half of the $13.4bn valuation Plaid received in 2021 during a boom in FinTech investing.
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