Thinking about interviewing but heard the valuation is really bloated. Someone had mentioned that new RSUs are being granted at a lower valuation compared to the last cash raise of 13B. Is this true and if so what valuation? How is revenue, profit, and growth right now? Any Plaid employees want to weigh in on if its worth joining now?
Worth 4.2B, according to this article: https://www.forbesafrica.com/technology/2024/03/12/with-funding-down-70-heres-what-fintechs-high-flyers-are-worth-now/
6b
Real valuation is around 1-2b
Damn is it that bad? That's like an 80-90% drop from last funding round. Is the business not doing well/growing? Seems like a lot of public stocks are at least getting back closer to their 2021 values again (or at least a lot higher than the 2022 lows).
Ignore them. There’s zero indication this estimate is true and doesn’t seem to be based on any factual evidence. Business continues to grow YoY and new products are gaining traction. Remain deeply entrenched in core market. High value customers. For sure there has been a major correction since last valuation and we will see where we end up. But there’s plenty of upside and growth opportunities ahead.