Plaid Technologies, the US-based financial software provider backed by internet and technology conglomerate Alphabet, has entered talks with prospective investors over a $200m funding round, Bloomberg reported on Saturday.
The company is considering several offers including one at a $2bn valuation, but the latest its from venture capital firm Kleiner Perkins Caufield & Byers (KPCB) that values it at up to $3bn, according to people familiar with the matter.
Plaid provides the software infrastructure and tools required to enable users to connect their bank accounts to mobile apps, and developers to build out their own products. Those tools include account authentication, real-time account balances and detailed data analytics.
The deal is being negotiated by KPCB’s growth team, which is set to imminently split from the rest of the firm. It would follow a $44m series B round in mid-2016 that valued Plaid at $250m according to Forbes.
Investment banking firm Goldman Sachs’ Investment Partners fund led the 2016 round, participating alongside New Enterprise Associates (NEA), which had previously led a series A round of undisclosed size for Plaid.
The company had initially received $2.8m in a 2013 seed round featuring GV, the Alphabet unit then known as Google Ventures, as week as NEA, Spark Capital, Felicis Ventures and Homebrew.
