Carriage operating with Goldman Sachs to raise an offer of $ 300 million to $ 400 million

PLAID, a company that connects bank accounts to financial applications, works with Goldman Sachs on a deal to allow investors and employees at an early stage to sell existing shares that will rise between $ 300 million and $ 400 millionBloomberg reported, citing sources.

The offer for the offer, as such as such transactions are called, will probably evaluate the company a lower than its previous funding round. PLAID raised $ 425 million Series D on estimated after money $ 13.4 billion In April 2021, in a deal led by Altimeter Capital.

But since then the higher interest rates have led to less estimates For many startup Fintech.

The carriage did not immediately respond to a request for a comment.

While PLAID initially focused on Fintech customers, its customer base now includes established financial companies such as H&R Block, Western Union and Citi. Company’s revenue increased by over 25% in 2024, Bloomberg reports last monthS

Correction: A larger version of this story says Goldman will buy the shares for $ 300 million to $ 400 million.