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Plaid Taps Goldman Sachs for Share Sale

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11 hours ago

Summary

Plaid is working with Goldman Sachs on a share sale that will raise $300-$400 million. The company raised a $425 million Series D in April 2021, but since then, higher interest rates have led to lower valuations for many fintech startups.

Key Points

The deal will allow early-stage investors and employees to sell existing shares.
Plaid's revenue increased more than 25% in 2024.
The company's customer base now includes established financial companies like H&R Block, Western Union, and Citi.

Why It Matters

This deal highlights the challenges fintech startups face due to higher interest rates and lower valuations.

Author

Marina Temkin

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