The problem
Apps and lenders can't easily and safely link users' bank accounts or judge risk from real cash flow
What they do
Bank-account connections plus fraud, credit-scoring and payments APIs for fintechs and lenders
Traction $546M ARR in 2025 (est.), +40% YoY; adjusted EBITDA profitable; ~8,000 customers
Hiring trend
- Open roles
- 134
- Ops roles
- 4
- Headcount
- ~1,300-1,830
Headcount ~1,830, +4% YoY (Revelio, Mar 2026); active postings +75% in 2026; 122 open roles
Hiring in
- San Francisco
- New York
- Seattle
- Remote (US)
Glassdoor
4.3 ★ 202 reviews ↗Funding
- Last round
- $425M Series D (later liquidity: $575M sale at $6.1B Apr 2025; tender at $8B Feb 2026)
- Stage
- Late-stage private (Series D)
- Date
- Apr 2021
Led by Altimeter (Series D); Franklin Templeton (Apr 2025, not primary)
- Hiring+2134 open roles on the live job board (30+ roles = +2)
- Funding recency0Latest money ($425M Series D (later liquidity: $575M sale at $6.1B Apr 2025; tender at $8B Feb 2026), Apr 2021) isn't a new primary round, so it doesn't count
- Traction+1.5Strong growth: $546M ARR in 2025 (est.), +40% YoY; adjusted EBITDA profitable; ~8,000 customers
- Red flags−11 significant flag in the last 24 months, −1 eachDown round: Apr 2025 $575M share sale reset valuation to $6.1B from the $13.4B 2021 peak (~55% down); the Feb 2026 tender at $8B is still ~40% below peak. Watch-out (not scored): Plaid now pays JPMorgan for data access (Sep 2025 deal) while the CFPB rewrites the open-banking 1033 rule.CNBC: Plaid raises $575M at $6B, down from $13.4B in 2021 (Apr 2025) ↗ · TechCrunch: Plaid valued at $8B in employee share sale, 40% below peak (Feb 2026) ↗ · Payments Dive: Plaid to pay for JPMorgan data (Sep 2025) ↗
- Total2.52 + 0 + 1.5 − 1 = 2.5 → Steady (1.5–3.49)
Distance (Marathon) is a separate read on how long the lead can last. It doesn't change the score.
Distance
Marathon · edge: grows with users
The default bank-linking network in the US, with ~8,000 customers and growing fraud, credit and payments lines (~20% of ARR) that learn from network data; 40% growth at $546M ARR and profitable. Main exposure is banks charging for data access.
Sources: Sacra: Plaid at $546M ARR growing 40% YoY (2026) ↗ · Plaid: Instant Link and LendScore 2 (Oct 2026) ↗ · JPMorganChase: renewed data access agreement with Plaid (Sep 2025) ↗
Watch-outs
Down round: Apr 2025 $575M share sale reset valuation to $6.1B from the $13.4B 2021 peak (~55% down); the Feb 2026 tender at $8B is still ~40% below peak. Watch-out (not scored): Plaid now pays JPMorgan for data access (Sep 2025 deal) while the CFPB rewrites the open-banking 1033 rule.
Sources: CNBC: Plaid raises $575M at $6B, down from $13.4B in 2021 (Apr 2025) ↗ · TechCrunch: Plaid valued at $8B in employee share sale, 40% below peak (Feb 2026) ↗ · Payments Dive: Plaid to pay for JPMorgan data (Sep 2025) ↗
Last checked Oct 25, 2026