New Plaid CFO to focus on ‘sustainable growth’

Core Insights - Plaid has appointed Seun Sodipo as its new CFO, succeeding Eric Hart, marking a significant leadership change for the fintech company [3][4][6] - Sodipo emphasizes a focus on sustainable, long-term growth through investment in customer demand, data analytics, and balancing innovation with profitability [3] - The company has no immediate plans for an IPO, although it is tracking towards that milestone following a recent funding round that raised $575 million, valuing Plaid at $6.1 billion [5] Company Developments - Seun Sodipo previously served as CFO at Glossier, where she contributed to an 80% increase in retail sales [3] - Plaid has expanded its services beyond bank connectivity into areas such as credit, anti-fraud, and payments, with revenue from these products more than doubling this year [6] - The company is recognized as a leading financial data network, with over half of Americans with bank accounts having used Plaid to connect to various apps and services [6]