Plaid working with Goldman Sachs on the collection of $ 300 million to $ 400 million in tender tenders

Plaid, a company that connects bank accounts to financial applications, works with Goldman Sachs on an agreement to allow investors and start -up employees to sell existing shares, which will increase between $ 300 million and $ 400 millionBloomberg has reported sources citing sources.

The tender offer, such as these transactions, will likely appreciate the company lower than its previous financing turn. Plaid raised a series D of $ 425 million during a post-money assessment of $ 13.4 billion In April 2021 in an agreement led by Altimeter Capital.

But since then, higher interest rates have led to lower assessments For many fintech startups.

Plaid did not immediately respond to a request for comments.

While Plaid was initially focused on Fintech customers, its customers now includes financial companies established such as H&R Block, Western Union and Citi. Company income increased by more than 25% in 2024, said Bloomberg last month.

Fixed: An earlier version of this story said Goldman will buy shares for $ 300 million for $ 400 million.