The big news: Data network giant Plaid raised $575 million, leading to a valuation of $6 billion for the San Francisco-based company. The new funding will allow employees to cash out certain types of stock by the end of the year, but the company is not yet ready to go public.
On the move: Marc Camus was named Chief Information Officer of BNP Paribas, replacing Bernard Gavgani, effective April 1. Camus previously served as CIO of BNP Paribas Fortis in Belgium since January 2019.
The buzz: Vista Equity Partners shelved plans to refinance Finastra’s $6 billion debt due to deteriorating loan market conditions. Reports said the move could just be a delay, should investor enthusiasm rebound.
On the rise: A Forbes article, citing investment data from Tracxn, found that fintech was one of the strongest sectors for women-led startups. Women-led companies raised $29.6 billion last year, according to the report.
What’s next: Circle, the company behind the USDC “digital dollar” stablecoin, announced plans for an initial public offering. JPMorgan Chase and Citigroup are serving as lead underwriters, and the company will list on the New York Stock Exchange.
