Plaidâs $13.4 Billion Valuation Makes Its Founders Fintechâs Newest Billionaires
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Plaid s 33-year-old cofounders William Hockey and Zach Perret are the latest beneficiaries of the rapid rise of digital finance that Covid has helped usher in.
© Kevin Hu
San Francisco fintech startup Plaid made waves in January 2020 when it announced it was selling to Visa. Now, with a $13 billion-plus valuation after a new funding round, founders Zach Perret and William Hockey will be glad the deal fell through.
Plaid helps fintech apps like Robinhood connect easily to consumersâ bank accounts, and it announced on Wednesday that it has raised $425 million in funding from investors Altimeter Capital, Silver Lake and Ribbit Capital. The round, which included past investors Andreessen Horowitz, Index Ventures, Kleiner Perkins, NEA, Spark Capital and Thrive Capital, values the company at $13.4 billion post-money, sources confirm to
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