Plaid working with Goldman Sachs on raising $300M to $400M in tender offer

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Plaid, a company that connects bank accounts to financial applications, is working with Goldman Sachs on a deal to allow early-stage investors and employees to sell existing shares, which will raise between $300 million and $400 million, Bloomberg reported, citing sources.

The tender offer, as such deals are called, will likely value the company lower than its previous financing round. Plaid raised a $425 million Series D at a post-money valuation of $13.4 billion in April 2021 in a deal led by Altimeter Capital.

But since then, higher interest rates have led to lower valuations for many fintech startups.

Plaid didn’t immediately respond to a request for comment.

While Plaid initially focused on fintech clients, its customer base now includes established financial companies like H&R Block, Western Union, and Citi. The company’s revenue increased more than 25% in 2024, Bloomberg reported last month.

Correction: An earlier version of this story said that Goldman will buy the shares for $300 million to $400 million.



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Lisa Holden
Lisa Holden
Lisa Holden is a news writer for LinkDaddy News. She writes health, sport, tech, and more. Some of her favorite topics include the latest trends in fitness and wellness, the best ways to use technology to improve your life, and the latest developments in medical research.

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