Zach Perret and William Hockey founded Plaid in 2013 to promote universal access to financial services. Plaid provides a financial technology for financial apps like Venmo and Chime giving them the ability to offer banking services to their clients without having to build their own data transferring infrastructure.
Private payments company competitors are Stripe, Klarna, Revolut, and others. Plaid acquired Quovo and Cognito.
Plaid was up 5.12% in the first quarter of 2024. Plaid increased 18.11% in the last quarter of 2023 following a decline of 5.59% in the third quarter of 2023. Although Plaid is down -4.60% year to date, it is up 7.74% over the last 12 months.
Last Updated June 21, 2024
Plaid is a privately-held venture backed company which raised $822.3 million over 5 funding rounds. Plaid has issued preferred stock Series A-D as well as common stock.
The company’s largest and most recent funding round was its Series D. This funding round raised a total of $507.4 million in three tranches. The prior round was an estimated $255.9 million Series C led by Mary Meeker in December 2018.
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Yes. Plaid is a private venture-backed company. Investors usually purchase preferred stock and employees typically receive common stock options or restricted stock units (RSUs) as part of their compensation.
Since it is not publicly listed, there is no Plaid stock symbol or Plaid ticker symbol assigned for Plaid.
Private companies typically reserve a stock symbol up to two years prior to an IPO, and disclose this when they file a Form S-1 with the Security Exchange Commission when they start the IPO process.
If you own shares of a private company, it may be possible to find liquidity for your holdings before the company goes public. Finding the right private market broker can make all the difference as the best brokers can leverage deep industry relationships and negotiate on your behalf.
If you are interested in selling private stock you can reach out to Premier brokers for more information.
Private market transactions can be complex and may involve company approvals, legal purchase agreements and wires to third parties. Trades can take 30 - 60 days to complete which is why many investors work with experienced private market brokers to help guide the process.
Direct share transfers typically require issuer approvals. Issuers may exercise the right of first refusal (ROFR) in order to direct the seller to a buyer of their choosing.
Some issuers do not allow transactions. In these cases, buyers will need to purchase indirect interests in the business via special purpose vehicles (SPVs) or forward purchase contracts (forwards).
Plaid stock does not trade publicly on Nasdaq or NYSE because it is still a private company. Plaid stock might be available for purchase in the secondary markets, but Plaid stock is not available for purchase by the general public, and can not be purchased through traditional brokerage accounts.
Only accredited investors and qualified purchasers can buy private stock. These investors buy pre-IPO stock in the secondary market from existing employees and investors.
To learn more about the market for Plaid stock, talk to the best brokers on the planet.
Accredited investors can purchase shares in private companies like Plaid. Investors can rely on Notice Premier Brokers to find supply and guide them through the trading process.
Because Plaid is privately held, its stock is not available for purchase through public stock exchanges like the NYSE or Nasdaq. Retail investors can not access this stock via traditional brokerage accounts, and are not allowed to invest directly in Plaid pre-IPO.
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