Plastiq is a financial technology company that enables businesses and individuals to make payments using credit cards for transactions that typically don't accept cards. They provide a platform that allows users to pay bills, invoices, and other expenses using their credit cards, even if the recipient only accepts cash or checks. Plastiq essentially acts as a payment intermediary, allowing customers to leverage their credit card rewards, cash flow, and benefits for various payments. By facilitating these transactions, Plastiq aims to simplify and streamline payment processes, providing convenience and flexibility for businesses and individuals alike. Below is the list of lookalike companies of Plastiq:
For consumers, this leads to unnecessary hassle; for small businesses who can't afford merchant fees, it can limit the potential customer base. Plastiq is an intermediary payments platform that transforms a credit card payment into an invoice payment so that people can use credit cards anywhere, anytime.Jan 19, 2023
Is Plastiq a public company?
The combined company will continue as a publicly-listed entity and have an implied estimated enterprise value of approximately $480 million at closing, based on current assumptions. Once closed, the combined company will operate under the name Plastiq and is expected to trade under a new ticker symbol.Aug 4, 2022
Is Plastiq still operating?
Several changes have happened in those 6 years, however. In February 2023, American Express bowed out of accepting Plastiq entirely, leaving only Visa and Mastercard according to the payment matrix. In May 2023, Plastiq filed for Chapter 11 bankruptcy.Jun 22, 2023
Who is the founder of Plastiq?
This week, we speak with Plastiq Founder and CEO Eliot Buchanan. Plastiq specializes in providing payments services to SMBs and it signed a $480 million combination with Colonnade Acquisition Corp II (NYSE: CLAA) in August.
We look into multiple data points: CPP ads data, company description, company employee experience and skills. We also use AI to summarize and extract keywords from the home page of Plastiq and compare that with other companies.
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