The financial services company Plaid has raised $575 million in funding led by Franklin Templeton, with Fidelity Management and Research also participating. The funds will be used to address employee tax withholding obligations and provide liquidity to the current team. This round of funding comes after a substantial growth year for Plaid, which saw significant expansion in its product suite and increased adoption among enterprises. As a result, Plaid has seen record revenue and positive operating margins, and now serves more than 1 in 2 Americans through its platform. The company's network is now essential to the way financial services and adjacent markets operate, and it looks forward to building on this momentum with its customers and partners.