About

Founded

2012

Headquarters

San Francisco, California

Industry

Fintech

Company Description

Our flagship product, Plastiq Pay, pioneered a way for businesses to pay suppliers by credit card regardless of acceptance. Today, with the high cost of capital, paying suppliers with our flexible and inexpensive tools gives your business an even greater competitive edge.

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Website Jobs

Funding

Total Raised

$141.8 million

Valuation

Bankrupt

Significant Investors

B Capital Group, Khosla Ventures, Kleiner Perkins, Accomplice, Top Tier Capital Partners

Company Traction

In May 2023, Plastiq filed for bankruptcy.

Plastiq customers include Noom, CRBE, Payground, Ruby, Brex, Glyder, Universal Standard, and Outdoor Voices.

In March 2020, Plastiq reported it was close to $100 million in ARR.

As of July 2020, Plastiq reported 1 million+ SMB customers.

Between July 2019 and July 2020, Plastiq reported a 150% increase in SMB revenue.

Leadership Team

Eliot Buchanan: Co-Founder & CEO of Plastiq.

Stoyan Kenderov: COO at Plastiq. Former SVP, Head of Design and Product at LendingClub.

Aditya Mishra: VP of Product Management at Plastiq. Former Manager, Product Management at PayPal.

Noah Goldberg: Head of Operations at Plastiq. Former VP & GM, North America at StubHub.

Wen-Ying Feng: VP of Data & Analytics at Plastiq. Former Senior Director of Data Science at LendingClub.

Press

Axios (May 25, 2023): Plastiq files for bankruptcy, inks deal with Priority

TechCrunch (March 25, 2020): Plastiq raises $75M to help small businesses use credit cards more

Plastiq