Plaid partners with Goldman Sachs to raise $300 million to $400 million in tender offer
techcrunch.com — February 11, 2025, 01:02 AM UTC
Plaid is collaborating with Goldman Sachs to raise $300 million to $400 million through a tender offer. This deal will allow early-stage investors and employees to sell their existing shares. The tender offer is expected to value Plaid lower than its last funding round. In April 2021, Plaid raised $425 million at a valuation of $13.4 billion. Plaid's customer base has expanded beyond fintech clients to include major companies like H&R Block and Citi. The company reported a revenue increase of over 25% in 2024.