Zach Perret, co-founder and chief executive officer of Plaid. Photographer: David Paul Morris/Bloomberg Plaid, a fintech that facilitates data sharing between financial applications and banks, ...

Plaid, which connects bank accounts to financial applications, has sold about $575 million worth of common stock at a $6.1 billion post-money valuation, the fintech company confirmed to TechCrunch.

Plaid on Thursday announced a new funding round that values the fintech startup at $6 billion, down from $13.4 billion in 2021. The new funding will give some employees a way to cash out. The $575 ...