As of Oct. 20, IntraFi Owners Weighed Sale That Could Value Firm Above $10 Billion.

As of Oct. 20, Blackstone and Warburg Pincus were weighing a possible sale of IntraFi, whose network includes more than 3,000 participating U.S. financial institutions, in a transaction that could value the company above $10 billion. At that point, the process was in an early stage, and the investors had not made a final decision. They could retain the company, and no sale price had been agreed. Morgan Stanley and Guggenheim Securities were advising IntraFi. IntraFi's network lets participating banks divide customer deposits into amounts no greater than $250,000 and place them at other banks in the network.

Source: TokenPost