Plaid is doing a great SaaS business. I can see it would enjoy a 30x revenue valuation. Hardly see any competitors.
Some risk: (1) US GDPR, likely sponsored by credit companies, (2) real-time ACH settlement (3) data breach event (4) fintech sector melt down in past quarter
I personally feel a bit unhappy that they get to know my bank transactions history. That is considered the most private info to me. But plaid has created a portal to manage access.
What do you think Plaid’s risk are?
When would an IPO be? And market cap?
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How does financial infra like this earn profit? Transaction fees?
If we look at MongoDB’s valuation, 30x sales apply to Plaid, I think it is very easy to hit current valuation
Check out this post! "Plaid vs Brex vs Meta offers (Tech Industry)"
https://us.teamblind.com/s/0dGi71Aa ) How’s the morale of folks at the company right now? obviously not good I guess but are most folks planning to leave?