Plaid, the financial technology company that connects bank accounts to apps, is working with Goldman Sachs on a tender offer that will allow early investors and employees to sell existing shares, raising between $300 million and $400 million. However, the deal is expected to value the company lower than its previous $13.4 billion valuation from its 2021 Series D funding round, reflecting the broader fintech downturn due to higher interest rates. Despite market challenges, Plaid's revenue grew more than 25% in 2024, and its customer base now includes major financial firms like H&R Block, Western Union, and Citi. Continue here.
