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Plaid , a society that connect bank accounts to financial diligence , is figure out with Goldman Sachs on a deal to allow early - stage investor and employees to deal existing shares , which will raise between$300 million and $ 400 million , Bloomberg reported , citing rootage .
The tender offer , as such deals are ring , will likely value the company modest than its previous financing round . Plaid raised a $ 425 million Series D at a post - money evaluation of$13.4 billionin April 2021 in a hatful lead by Altimeter Capital .
But since then , higher stake rates have lead tolower valuationsfor many fintech startup .
Plaid did n’t straightaway respond to a request for commentary .
While Plaid initially concentre on fintech clients , its customer fundament now includes ground fiscal company like H&R Block , Western Union , and Citi . The society ’s receipts increased more than 25 % in 2024 , Bloomberg reportedlast month .
Correction : An early version of this chronicle tell that Goldman will grease one’s palms the shares for $ 300 million to $ 400 million .
