Plaid Collaborates with Goldman Sachs to Offer Liquidity to Shareholders

Plaid has announced that it is in discussions with Goldman Sachs regarding a potential deal that would allow early-stage investors and employees to sell their existing shares. The move is expected to provide liquidity for these stakeholders, with shares anticipated to rise between USD 300 and USD 400 million. This comes as the deal is likely to value the company lower than its previous financing round.

The company emphasized its ongoing commitment to meeting the evolving needs of its clients while remaining fully compliant with industry regulations. Plaid, known for its Open Banking network and payments platform, continues to expand its reach in the financial sector, with a growing customer base that now includes financial firms, in addition to fintech partners. The company has seen a more than 25% increase in revenue over the past year.

While the deal has not yet been finalized, it is expected to offer a new funding source for Plaid while allowing liquidity to early investors and employees. The company has yet to provide further details on the structure of the deal or comment on the potential share sale.