Plaid Revenue, Valuation, Funding & Investors

ACI Worldwide Inc develops, markets and installs a portfolio of software products focused on facilitating electronic payments. The firm also leverages its distribution network in the Americas; Europe, the Middle East, and Africa, or EMEA; and Asia-Pacific regions to sell software developed by third parties. ACI software products process payment transactions for retail banking clients, billers such as utilities and healthcare providers, and community banks and credit unions. ACI's customers are financial institutions all over the world, but majority of the revenue is generated in the United States and EMEA regions.

Marex Group PLC offers a diversified financial services platform providing essential liquidity, market access, and infrastructure services to clients across energy, commodities, and financial markets. It provides critical services to the clients by connecting them to exchanges and providing various execution and hedging services across its assets and products. The group operates in a large and fragmented market with infrastructure requirements and regulatory and technological complexity. It has five segments Clearing, Agency and Execution, Market Making, Hedging and Investment Solutions, and The Corporate. The group generates revenue from Agency and Execution that matches buyers and sellers by facilitating price discovery across the energy and financial securities markets.

Paymentus Holdings Inc provides electronic bill presentment and payment services, enterprise customer communication and self-service revenue management to billers through a Software-as-a-Service (SaaS), secure, omni-channel technology platform. The platform integrates with a biller's financial and operational systems to provide secure and flexible processing of payments, including credit cards, debit cards, eChecks, and digital wallets, across multiple channels such as online, mobile, IVR, call centers, chatbots, and voice-based assistants. The company generates the majority of its revenue from payment transaction fees processed through its platform. Geographically, it derives the maximum revenue from the United States.

DLocal Ltd is focused on making the complex simple, redefining the online payment experience in emerging markets. Through its technology platform, One dLocal, the company enables world-wide enterprise merchants to get paid (pay-in) and to make payments (pay-out) online in a safe and efficient manner. The company earns revenue from fees charged to merchants in connection with payment processing services for cross-border and local payment transactions. The company operates in a single operating segment, which is payment processing. The company's geographical segments include Latin America and Non-Latin America, with a majority of its revenue being generated from Brazil in the Latin America region.

Fiserv is a financial technology company headquartered in Milwaukee, Wisconsin, that provides account processing, digital banking, card issuing and merchant acquiring services to banks, credit unions and businesses. Founded in 1984, it built its core banking business through acquisitions such as Information Technology Inc. of Lincoln, Nebraska in 1995, which brought the Premier account-processing platform. Fiserv processes debit and credit card transactions, loyalty programmes, loans, electronic bill payments, ACH and wire transfers, check deposits and ATM transactions on behalf of financial institutions, with a long-standing base among small and midsize US banks. Its 2019 acquisition of First Data for $22 billion added a large merchant-acquiring business, including the Clover point-of-sale platform for small businesses and the Carat payments platform for large enterprises. The company earns recurring processing and transaction fees, software and service fees and hardware sales. In 2025 it reported revenue of $19.8 billion, operating income of $4.38 billion and about 38,000 employees, and roughly 85% of 2024 revenue came from the US and Canada. Takis Georgakopoulos became chief executive in 2025 after Frank Bisignano left to run the US Social Security Administration, and in November 2025 the shares moved from the NYSE to Nasdaq under the ticker FISV.

Marqeta is an Oakland-based payments technology company founded in 2010. Its open application-programming interfaces let businesses create, issue and manage physical, virtual and tokenized payment cards. Customers configure authorization rules, funding flows, spend controls and transaction data without building a card-processing stack from scratch. The platform serves fintech companies, digital banks, marketplaces, lenders and large enterprises operating card programs. Marqeta earns processing and platform revenue tied to card activity and contracted services. It expanded internationally after raising multiple venture rounds and completed its public listing in 2021. LionBird is listed among Marqeta's early investors and continues to identify the company in its portfolio.

Solaris is a Berlin-based Banking-as-a-Service platform holding a full German banking license. The company enables partners to embed modular services like digital accounts, payment cards, KYC, lending, and crypto custody via APIs. Backed by investors including BBVA, Visa, and Lakestar, Solaris powers financial products for fintechs and brands across Europe.

PayPal was spun off from eBay in 2015 and provides electronic payment solutions to merchants and consumers, with a focus on online transactions. The company had 434 million active accounts at the end of 2024. The company also owns Venmo, a person-to-person payment platform.

Fawry is an Egyptian electronic-payments and financial-services platform founded in 2008 and headquartered in Cairo. It connects consumers, merchants, banks, billers and government entities through physical points of sale and digital channels. Services include bill payment, merchant acceptance, collections, mobile transactions and adjacent financial products. Revenue comes from transaction fees, commissions and services sold across its payments network. Fawry is listed on the Egyptian Exchange and operates as a regulated technology-enabled payments company. ADQ acquired a 12.6% minority position in 2022 through the same negotiated Egyptian share-purchase program that covered four other listed companies. Its hybrid network links digital rails with a broad merchant footprint, supporting cash and electronic payment use cases.

Worldline is a payment service provider offering merchant acquiring, payment processing, and payment infrastructure solutions to merchants and banks.

Stripe is a financial infrastructure company that provides payment processing and related software to online and in-person businesses. It was founded by brothers Patrick and John Collison and is headquartered in South San Francisco, California, with a second headquarters in Dublin, Ireland. Its products cover payments, billing, invoicing, tax, fraud prevention, card issuing, embedded finance for platforms, terminals and stablecoin and crypto infrastructure. Businesses running on Stripe generated 1.9 trillion US dollars in total volume in 2025, up 34 percent from 2024, and the company reported revenue of about 5.1 billion US dollars for 2024. A tender offer for current and former employees in February 2026 valued the company at 159 billion US dollars. Stripe remains privately held. As an acquirer it has bought software and payments businesses including Paystack, TaxJar, Recko, Bridge, Privy, Metronome and OpenRouter, and it has made minority investments in startups such as Monzo, Ramp, Check and Pilot.

Tipalti is a finance automation software company headquartered in Foster City, California, with a large development centre in Israel. Its cloud platform automates accounts payable and global payables, covering supplier onboarding and management, tax compliance, invoice processing, purchase-order matching, procurement, expenses and mass payments to suppliers and partners in more than 200 countries and many currencies, and it has added AI agents for finance teams. Tipalti serves mid-market and enterprise finance departments, particularly fast-growing digital businesses, and more than 5,000 companies use it, including Calm, Udemy, AG1 and AppLovin. The company surpassed $200 million in annual recurring revenue in 2025 and earns subscription and payment fees. It raised equity from investors including Wicklow Capital, Group 11, Zeev Ventures, 01 Advisors, Durable Capital Partners and G Squared, reaching an $8.3 billion valuation in a $270 million Series F in December 2021, and took $200 million of growth financing from Hercules Capital in September 2025. Tipalti was founded in 2010 and is led by co-founder and chief executive Chen Amit.

Morningstar Inc is a provider of independent investment insights to financial advisers, asset managers, and investors. It provides data and research insights on various investment offerings, including managed investment products, publicly listed companies, private capital markets, debt securities, and real-time market data. The company has five reportable segments: Morningstar Direct Platform, PitchBook, Morningstar Credit, Morningstar Wealth, and Morningstar Retirement. Maximum revenue is derived from the Morningstar Direct Platform, which provides investors with comprehensive data, research, insights, and investment analysis through product areas such as Morningstar Data, Morningstar Direct, and Morningstar Advisor Workstation. Geographically, it generates maximum revenue from the USA.

AlphaSense is an artificial intelligence platform for market intelligence and research, founded in 2011 by Jack Kokko and Raj Neervannan and headquartered in New York City. The concept grew out of Kokko's experience as a Morgan Stanley analyst manually searching through large volumes of financial documents, and the company built a search engine that applies natural language processing and machine learning to surface insights across a vast content universe spanning company filings, earnings call and expert call transcripts, broker and equity research, news, trade journals, and private company data, indexed across many languages. Its tools include generative search, document summarisation, sentiment analysis, real-time monitoring and alerts, and AI-driven deep research that returns sourced, citable answers. The platform serves asset managers, investment banks, consultancies, corporations, life sciences firms, and private equity, counting thousands of enterprise customers including a large share of the S&P 100 and major global banks. It expanded its capabilities through acquisitions of Sentieo and expert-research provider Tegus, and has raised well over a billion dollars across multiple financing rounds from investors such as Viking Global Investors, Goldman Sachs, BDT & MSD Partners, SoftBank Vision Fund 2, Alphabet's CapitalG, and BOND, reaching a valuation in the region of four billion dollars.

Carta is a San Francisco-based software company that provides equity management and fund administration tools for private companies and their investors. Its core product maintains capitalization tables, digitising stock certificates, options, warrants and other securities so that companies, employees, investors and their law firms can track ownership, and it also offers 409A valuations and fund administration services for venture capital firms. It operated CartaX, a private stock exchange launched in 2021, until shutting it in 2024. In August 2022 Carta reported tracking more than USD 2.5 trillion of company equity and having facilitated USD 13 billion of secondary sales; it had 1,618 employees in 2022, and customers have included Slack, Calendly and Affirm. The company earns subscription and service fees from companies and investment firms. Carta has raised about USD 1.2 billion of venture capital, most recently a USD 500 million Series G led by Silver Lake in 2021 at a USD 7.4 billion valuation, and in May 2026 it acquired Avantia and launched Carta Law. It was founded as eShares in 2012 by Henry Ward and Manu Kumar.

Mollie is a payments company that provides online and in-person payment services for businesses in Europe and the United Kingdom. It was founded in Amsterdam in 2004 by Adriaan Mol and began as a way for merchants to accept payments through a single API instead of separate bank and card integrations. The platform lets merchants accept cards, local payment methods such as iDEAL and Bancontact, wallets and bank payments, and it adds financing, fraud monitoring, analytics and embedded payments for software platforms. Customers range from small online shops to larger merchants and software vendors. Mollie earns mainly from transaction fees on the payments it processes and from related financial services. It is licensed as an electronic money institution by the Dutch central bank and operates a licensed payment institution in the United Kingdom. In 2026 it completed the acquisition of the bank payments company GoCardless.

Razorpay is an Indian financial technology company headquartered in Bengaluru, founded in 2014 by Harshil Mathur and Shashank Kumar. It provides a payment gateway and a wider set of business banking services, including payouts, a line of credit for merchants and payroll, to online and offline businesses. The company says it serves more than 8 million businesses and took part in the Y Combinator accelerator. Its funding rounds were led or joined by Sequoia Capital India, Tiger Global, Lone Pine Capital, TCV, GIC and Ribbit Capital, and a December 2021 round valued it at 7.5 billion US dollars. Razorpay has bought a series of smaller companies, among them Thirdwatch, Opfin, TERA Finlabs, Curlec, Ezetap and PoshVine, and it invests in startups through Razorpay Ventures.

Tabby is a Saudi Arabia-headquartered financial services and shopping app that began as a buy-now-pay-later provider and has widened into cards, spending accounts and consumer finance. It was founded in 2019 by Hosam Arab and Daniil Barkalov and is based in Riyadh. Shoppers can split purchases into interest-free instalments or pay later, online and in store, while merchants pay a fee on each transaction. The company is active in Saudi Arabia, the United Arab Emirates and Kuwait and works with tens of thousands of brands and small businesses. It acquired the Saudi digital wallet Tweeq in 2024 and received finance licences from the Saudi Central Bank in June 2026. Tabby has raised equity from investors including Arbor Ventures, Mubadala, STV, Wellington Management, Blue Pool Capital and Hassana, and was valued at 6.5 billion dollars in its September 2026 Series F.