Plaid Inc. has secured an $8 billion valuation in a new funding round designed to provide liquidity to employees, according to Bloomberg. The San Francisco-based fintech, which enables consumers to connect financial data across institutions, raised the undisclosed amount while remaining privately held.

This valuation marks a rebound from April 2025, when Plaid raised $575 million at a $6.1 billion valuation in a funding round led by Fidelity, BlackRock, and Franklin Templeton. The company had previously been valued at $13.4 billion in 2021 during peak fintech market enthusiasm. The $8 billion valuation signals renewed investor confidence in core fintech infrastructure providers.

Plaid has expanded beyond data connectivity into credit scoring, collaborating with Fair Isaac Corp. to introduce a credit metric augmented by real-time cash-flow data and launching its own credit score product. The company has benefited from increased demand among artificial intelligence companies that rely on its financial data connectivity services. Plaid has also navigated tensions with major US banks over data access, agreeing to pay JPMorgan Chase for access to customer data in 2025.