An investment consortium led a $425m Series D financing round in Plaid.

An investment consortium led a $425m Series D financing round in Plaid, a financial software services company based in San Francisco, California. New investors Altimeter Capital, Silver Lake, and Ribbit Capital joined existing investors, including Andreessen Horowitz, Index Ventures, Kleiner Perkins, New Enterprise Associates, Spark Capital, and Thrive Capital in this round. “In founding Plaid nearly a decade ago, we dreamt of a financial system that was built to empower consumers and unlock financial freedom for everyone. We are humbled to watch as FinTech continues to expand and improve the financial lives of billions of people worldwide,” Zach Perret, Plaid Co-founder and CEO.