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.



Advertisement


  • Report: Vantiv Drops DraftKings, FanDuel - Feb. 1, 2016
    Report: Vantiv Drops DraftKings, FanDuelAs some state governments have begun to challenge the legality of daily fantasy Websites, Cincinnati-based payments processor Vantiv apparently has decided the uncertainty is too risky and it will no longer process online transactions for those sites.

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