Financial Times:

Plaid raised $575M at a $6.1B valuation, below its peak $13B+ valuation in 2021, mostly to cover employees' tax bills for those converting RSUs to common stock  —  Pioneer of open banking will use $575mn raised from BlackRock and others to cover employee taxes and share buybacks

Financial Times:

Plaid raised $575M at a $6.1B valuation, below its peak $13B+ valuation in 2021, mostly to cover employees' tax bills for those converting RSUs to common stock  —  Pioneer of open banking will use $575mn raised from BlackRock and others to cover employee taxes and share buybacks

Source: TechMeme
Source Link: http://www.techmeme.com/250403/p13#a250403p13