Plaid Partners with Goldman Sachs for $300M-$400M Tender Offer Amid $13B Valuation from 2021 Boom

Fintech startup Plaid is collaborating with Goldman Sachs on a tender offer aimed at raising between $300 million and $400 million. This initiative will allow early-stage investors and employees to sell their shares in Plaid, which connects bank accounts to financial applications. The tender offer comes as Plaid's valuation stands at $13 billion, a figure established during the 2021 boom. Previously, Visa attempted to acquire Plaid for $5 billion in 2020, but the deal was blocked by regulators. Looking ahead, an initial public offering (IPO) is part of Plaid's future plans.