Advertisement

Plastiq Secures $6 Million in Series A Funding 

March 4, 2013

Online payment solutions provider Plastiq has netted $6 million in Series A financing. The Boston-based company offers online credit-card payments in situations where traditionally they are not accepted, including for big-ticket items, tuition, taxes and rent. The company persuades merchants in these industries to accept cards by charging consumers the per transaction fee merchants normally would pay. Atlas Ventures and Flybridge Capital Partners led the round. 

“I first met Dan Choi and Eliot Buchanan (Plastiq's founders) at Harvard’s i-lab when they were undergraduates and watched them develop their concept to reality,” said Jeff Bussgang, general partner at Flybridge Capital Partners. “The early traction the company has achieved is amazing. With its innovative vision, state-of-the-art product, and strategic partnerships, Plastiq is well positioned to transform the payments industry.”

Also involved in the financing were NextView Ventures, Greenoaks Capital Management LLC and Harvey Golub, former chairman and CEO of American Express.


  • CurrentC to Begin Consumer Testing Phase - July 30, 2015
    Current C to Begin Consumer Testing Phase

    MCX, the merchant-backed initiative developing a contactless mobile payment system to compete with Apple Pay and others, this week confirmed a Bloomberg News report that its CurrentC mobile solution is moving from an employee test into a limited pilot test phase with consumers.


Advertisement


  • PayItSimple Launches in UK - July 16, 2015
    PayItSimple Launches in UK

    PayItSimple USA, a company that enables consumers to tap the available credit on their credit cards to enable installment payments online, is launching its service in the U.K.

  • Data Breaches: Passwords and Baseball - June 18, 2015
    Data Breaches: Passwords and Baseball

    While the U.S. government continues to assess the damage done by the illegal intrusion of the networks of the Office of Personnel Management, two other hacks uncovered this week show the evolving nature of data breaches and the variety of information hackers are seeking.

  • Former NBA All Star Turns to CNP Fraud - June 1, 2015
    Former NBA All Star Turns to CNP Fraud

    Chris Gatling, a forward who played for eight different teams over an 11-year NBA career that included one All-Star Game appearance, was arrested in Scottsdale, Ariz. on Thursday and charged with fraud, aggravated identity theft and forgery.

Advertisement

 

 

Sign Up Today Free

Receive the twice weekly CNP Report and monthly feature articles providing in-depth examinations of global CNP issues.

Please take a moment and register.
* First Name:

* Last Name:

* Password:

* Confirm Pwd:

* Email:

* Category:

Company:

 
Captcha
Answer:

 

 

CNP Archive

Researching companies or people in the CNP industry? Search our past coverage for targeted news and information.

Search here