As of Q3'2023: $280M Rev. The last figure comes from a leak from an Altimeter investor presentation and seems reliable. It was not publicly disputed by Plaid/Altimeter that we could see. The Altimeter report also said Plaid burn was <$70M, and it had $180M in cash as of Q3'23. Also that following 20% cuts/layoffs, the company was focusing on profitable growth under new CFO Eric Hart.

Anyway, as you can see growth stalled significantly after 2021, when fintech startup activity/many fintech companies were at a peak. Even if we assume our previous $250M estimate for 2021 is too high, and we distribute growth more evenly, we get something like this:

2020: $170M ARR
2021: $220M (+29%)
2022: $255M (+16%)
2023: $300M (+18%)

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Plaid San Francisco, CA

Plaid is a financial technology platform that enables secure data exchange between banks and applications, allowing fintech companies to access, verify, and process users' financial information through standardized APIs.

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#b2b

#fintech

#universal-api

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