Plaid just raised $425 million at a $13.4 billion valuation, bringing on new investors Altimeter, Silver Lake, and Ribbit as it eyes an eventual IPO

Source: Business Insider

Summary List PlacementFintech adoption massively accelerated in 2020, with consumers unable to visit bank branches and managing their day-to-day financial lives from home. Now, they've turned to mobile banking and investing, using apps like Venmo, Robinhood, and Chime, as they create digital habits that are likely to stick. That's meant massive growth for Plaid, the data aggregator that sits behind the scenes of those popular apps, connecting them to the banking data they need to run.