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.


  • Paytm Nets $300 Million in New Funding - Aug. 30, 2016
    Paytm, a mobile/online payments provider and e-commerce company based in India, is in the final stages of raising $300 million in new funding from Taiwanese chip maker MediaTek and investment companies Goldman Sachs and Temasek.

Advertisement


  • Alibaba Working on VR Payment - Aug. 11, 2016
    Alibaba Working on VR Payment

    Alibaba debuted a virtual-reality mobile shopping system at a recent trade event that will enable consumers to shop, evaluate products and, eventually, pay in 3D on their mobile devices.

  • Worldpay Reports End to Disruption - July 26, 2016
    Worldpay Reports End to Disruption

    On Sunday, e-commerce processor and acquirer Worldpay, which had experienced issues with delayed settlements for several weeks on one of its gateways, announced transactions now are processing normally.

  • Samsung Pay Launches in Brazil - July 19, 2016
    Samsung Pay Launches in BrazilToday, Samsung launched its contactless mobile payment solution, Samsung Pay, in Brazil with some of the biggest issuers in the country including Banco do Brasil, Brasil Pré-Pagos, Caixa, Porto Seguro, and Santander.

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