NEA: Plaid secures $575m as valuation falls to $6.1bn in secondary share sale

Open banking giant Plaid has secured $575m in a secondary share sale that has seen its valuation plummet from $13.4bn in 2021 to $6.1bn. The funding round was led by Ribbit Capital, NEA, Fidelity Management & Research Co, BlackRock, and Franklin Templeton, according to Finextra. The sale enables some Plaid employees to cash out restricted [...] The post Plaid secures $575m as valuation falls to $6.1bn in secondary share sale appeared first on FinTech Global.