Plaid’s $400M Share Sale Takes Shape with Goldman Sachs’ Backing
Hey FinTech Fanatic!
Plaid is teaming up with Goldman Sachs on a $300M–$400M secondary share sale, giving early investors and employees a chance to cash out without waiting for an IPO, Bloomberg reports. The exact valuation isn’t set yet, but it’s expected to be lower than Plaid’s $13.4B Series D valuation from 2021.
This move follows a growing trend of FinTech giants opting for secondary sales rather than rushing to go public. Stripe is also planning a sale of employee-held shares, valuing the company at $85B+, while Revolut, Monzo, and Klarna have all conducted similar transactions recently.
However, Klarna is taking a different path—the BNPL giant is reportedly preparing for a US IPO as soon as April, targeting a $15B valuation. With 2025 shaping up to be a pivotal year for major FinTech transactions, will we finally see more FinTechs enter the public markets?
Stay tuned for more updates 👇 and I’ll be back tomorrow!
Cheers,
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