Plaid, the fintech infrastructure company connecting bank accounts to financial apps, completed a tender offer valuing the company at $8 billion. This represents a 31% increase from its $6.1 billion valuation in April 2025 and marks continued growth despite the company's peak valuation of $13.4 billion in 2021. The San Francisco-based firm, founded in 2013 by Zach Perret and William Hockey, has raised approximately $1.3 billion in funding over its lifetime.

Plaid's backers include major investors such as Citi Ventures, Goldman Sachs, JP Morgan, Andreessen Horowitz, and Silver Lake. The company serves prominent customers including Citibank, Amex, Robinhood, Coinbase, and Block. Its product suite has expanded beyond basic account connections to encompass lending, identity verification, credit reporting, anti-fraud measures, and payments. Notably, Plaid was once set to be acquired by Visa before regulatory concerns derailed the $5.3 billion deal.

The increased valuation reflects Plaid's strategic pivot toward artificial intelligence, with the company unveiling a new foundational model to power "intelligent finance." AI firms now represent 20% of Plaid's new customer acquisitions, demonstrating the company's growing relevance in the evolving financial technology landscape. This tender offer follows similar moves by other late-stage startups choosing to remain private longer, including Stripe's recent $159 billion valuation tender offer.