Plaid Reaches $8 Billion Valuation via Secondary Share Sale

Plaid reached an $8 billion valuation in February 2026, marking a 31% increase from the prior year. The fintech company completed the move through a secondary share sale that allowed long-standing employees to cash out equity rather than raising fresh capital for its balance sheet. 1 billion.

Plaid, which connects consumers’ financial accounts to third-party apps and services, provides infrastructure that powers fintech apps including payments and money-management tools like Venmo. More than 400 AI companies now build on Plaid’s infrastructure.

Those AI companies represented 20% of new customers in 2025, as the company positions itself as infrastructure for an AI-native financial system.

Seun Sodipo joined Plaid as finance chief in October 2025. Sodipo, who has a degree in applied mathematics and an MBA, previously worked at Stripe, Glossier, in investment banking, and in private equity. Plaid exceeded all of its financial expectations in 2025, Sodipo said.

The company surpassed $500 million in ARR in Q4 2025, with revenue growing nearly 40% year over year. Plaid signed about 1,800 new enterprise customers in 2025. Zachary Perret, co-founder and CEO of Plaid, leads the company that continued operating independently after Visa’s acquisition of Plaid fell through in 2021.

Sodipo uses AI as a thought partner in her role as CFO. “I use AI a lot as a thought partner,” she said. She employs the technology to game plan, challenge assumptions, poke holes in arguments, and identify blind spots.

The CFO balances strategy, risk, financial discipline, and trust in a role where “Our team is wonderful and collaborative, but there’s just certain things that within the role I have to keep to myself,” she said. ” Plaid’s recent State of Intelligent Finance report found that more than half of Americans used AI for financial tasks in the past 12 months.