US open banking fintech Plaid is reportedly working with Goldman Sachs to raise between $300 million and $400 million via a new secondary share sale, according to Bloomberg, which cites sources familiar with the matter.Plaid reportedly plots share saleThe potential move could enable the company to raise funds while offering liquidity to early-stage shareholders and employees, who could cash out on their existing stakes.The sources cited by Bloomberg however make clear that the details of the potential share sale could be subject to change, and that the move has not been finalised.Plaid previously raised $425 million in a Series D funding round back in 2021 at a $13.4 billion valuation.Existing Plaid backers include Andreessen Horowitz, Index Ventures, Kleiner Perkins, New Enterprise Associates, Spark Capital, Thrive Capital, Altimeter Capital, Silver Lake and Ribbit Capital.In August last year, UK challenger Revolut reached a $45 billion valuation after a secondary share sale that provided liquidity to its employees. Shortly after, fellow challenger bank Monzo reached a $5.9 billion valuation through its own secondary share sale.Plaid and Goldman Sachs were contacted by FinTech Futures for comment.
Mer. Feb 12th, 2025
