Plaid Inc. has secured an $8bn valuation in a new funding round designed to provide liquidity to employees, says Bloomberg.

The amount raised was not disclosed. The San Francisco-based fintech remains privately held and is widely viewed as a potential IPO candidate.

The valuation marks a rebound from April 2025, when Plaid raised $575m at a $6.1bn valuation in a funding round led by Fidelity Management & Research Co., BlackRock Inc., and Franklin Templeton. The company had previously been valued at $13.4bn in 2021 during the peak of fintech market enthusiasm.

Founded in 2013, Plaid is best known for enabling consumers to connect financial data across institutions, serving as infrastructure for a broad range of fintech applications.

The company has expanded into credit scoring. Last year, it collaborated with Fair Isaac Corp. to introduce a credit metric augmented by real-time cash-flow data. Plaid has also launched its own credit score product.

Plaid has benefited from increased demand among artificial intelligence companies that rely on its financial data connectivity services.

The company has navigated tensions with major US banks over data access and security concerns. In 2025, Plaid agreed to pay JPMorgan Chase & Co. for access to customer data, addressing disputes around data-sharing practices.

Financial institutions including JPMorgan Chase & Co., Citigroup Inc., and American Express Co. have also previously invested in the company.

The $8bn valuation signals renewed investor confidence in core fintech infrastructure providers, particularly those positioned at the intersection of data connectivity, credit analytics, and artificial intelligence.

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