Plaid valuation tops $13 billion in first funding after a scrapped $5.3 billion merger with Visa

Fintech company Plaid raised a new round of capital that nearly triples its valuation a few months after a deal to be bought by Visa fell apart. The company announced a $425 million Series D funding round on Wednesday, led by Altimeter Capital with participation from new investors, Silver Lake and Ribbit Capital. Earlier investors Andreessen Horowitz, Index Ventures, Kleiner Perkins and New Enterprise Associates also added to the round.
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