Company Overview - Seun Sodipo has been appointed as the new Chief Financial Officer (CFO) of Plaid, a fintech startup that connects financial institutions, succeeding Eric Hart [1][3] - Sodipo has a strong background in guiding high-growth businesses, having previously served as CFO at Glossier and held key roles at Stripe, Centerview Partners, Helios Investment Partners, and Insignia Capital Group [3] Recent Developments - In April, Plaid completed a $575 million funding round led by Franklin Templeton, valuing the company at approximately $6.1 billion, despite a drop from its peak valuation of $13.4 billion in 2021 [4][5] - The funding round included a tender offer, allowing investors to purchase existing shares and providing liquidity to Plaid employees, addressing tax obligations tied to expiring stock units [4] Strategic Focus - Plaid aims to expand beyond core data infrastructure into a broader suite of intelligence services, including products in identity, payments, credit, and fraud [5] - Sodipo's priorities as CFO include driving sustainable, long-term growth, investing in areas of strong customer demand, and enhancing data and analytics capabilities [7] - The company is positioned to support the next era of digital finance, with over half of Americans with bank accounts having used Plaid to connect to apps or services [7]

Will AI Cyber Threats Outpace AI Defenses? https://t.co/54bvvwihxk ...

Bloomberg’s Patrick Howell O'Neill discusses warnings from US officials of low-level cyberattacks by Iran after the airstrikes on the country's nuclear facilities. He joins Caroline Hyde on “Bloomberg Tech.” -------- Like this video? Subscribe to Bloomberg Technology on YouTube: https://www.youtube.com/channel/UCrM7B7SL_g1edFOnmj-SDKg Watch the latest full episodes of "Bloomberg Technology" with Caroline Hyde and Ed Ludlow here: https://www.youtube.com/playlist?list=PLfAX25ZLrPGTygCwn55voYZ_LYyKjxokJ Get th ...