Plastiq

Plastiq is a US-based startup that aims to assist small and medium-sized businesses in enhancing their cash flow and saving time through online bill pay, payment processing, and access to working capital. The company, powered by Priority Technology Holdings, has facilitated the improvement of cash flow for tens of thousands of businesses by providing instant access to working capital and automating aspects of accounts payable and receivable. It is noteworthy that Priority Technology Holdings is the 4th largest non-bank payments business in the US, serving over 800 thousand customers on their payments and banking unified commerce platform.

Plastiq's flagship product, Plastiq Pay, has pioneered a way for businesses to pay suppliers by credit card, regardless of acceptance, thus providing businesses with a competitive edge, especially given the high cost of capital. The startup's mission revolves around supporting growing businesses and helping them scale by accelerating the cash conversion cycle. Interested businesses can explore Plastiq's offerings at https://www.plastiq.com/.

Plastiq recently secured a Series E investment on 21 November 2021, with Gaingels participating as the investor. The startup operates within the industries of E-Commerce, Financial Services, Fintech, and Payments, and was founded in 2012.