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

Plade, a company that connects bank accounts to financial applications, is working on an agreement with Goldman Shutch to allow investors and employees to sell existing shares, which will raise $ 300 million and $ 400 millionBloomberg sources quoted and reported.

The tender offer, as it is called the national deal, will probably pay for the company less than its previous financing. The plaid evaluated the money after raising a $ 425 million series D The 13.4 billion In an agreement led by Altimeter Capital in April 2021.

However since then he has been directed toward higher interest rates Lower assessment For many fintech startups.

The plaid did not immediately respond to any request for the comment.

When the plaid is initially focusing on Fintech clients, its customer base now includes financial organizations established like H&R Block, Western Union and City. Bloomberg said the company’s revenue increased by more than 25% in 2021. Last monthThe

Correction: The previous version of this story states that Goldman shares will buy $ 300 million to $ 400 million.