About Plastiq
Plastiq is a company based in San Francisco (United States) founded in 2012 by Eliot Buchanan was acquired by Priority in August 2023. It operates as a API-as-a-Product, Commission-Based, and FinTech. Plastiq has raised $150.2 million across 8 funding rounds from investors including Kleiner Perkins, Khosla Ventures and FJ Labs. The company has 109 employees as of December 31, 2020. Plastiq offers products and services including Plastiq Pay, Plastiq Accept, and Plastiq Connect. Plastiq operates in a competitive market with competitors including Afterpay, Affirm, Stori, Upgrade and Petal, among others.
- Headquarter San Francisco, United States
- Employees 109 as on 31 Dec, 2020
- Founders Eliot Buchanan
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Sectors
Financial Services
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Email
***********
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Plastiq
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$150.2 M (USD)
in 8 rounds
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Latest Funding Round
$75.82 K (USD), Grant
Sep 01, 2022
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Investors
Kleiner Perkins
& 13 more
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Employee Count
109
as on Dec 31, 2020
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Acquired by
Priority
(Aug 01, 2023)
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Products & Services of Plastiq
Plastiq offers a comprehensive portfolio of products and services, including Plastiq Pay, Plastiq Accept, and Plastiq Connect. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Payments are facilitated by card or bank transfer.
Card payments are accepted with zero merchant fees.
B2B payment options are embedded via robust APIs.
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Funding Insights of Plastiq
Plastiq has successfully raised a total of $150.2M across 8 strategic funding rounds. The most recent funding activity was a Grant round of $75.82 thousand completed in September 2022. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 8
- Last Round Grant — $75,822
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First Round
First Round
(10 May 2012)
- Investors Count 13
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Sep, 2022 | Amount | Grant - Plastiq | Valuation |
investors |
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| Mar, 2020 | Amount | Series D - Plastiq | Valuation | B Capital | |
| Nov, 2018 | Amount | Series C - Plastiq | Valuation | Kleiner Perkins |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Plastiq
Plastiq has secured backing from 14 investors, including institutional, venture fund, and angel investors. Prominent investors backing the company include Kleiner Perkins, Khosla Ventures and FJ Labs. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Accomplice is engaged in venture capital investments for startups.
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Founded Year | Domain | Location | |
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Early-stage startups are funded by this venture capital firm.
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Founded Year | Domain | Location | |
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Venture capital firm investing in early-stage tech startups
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Plastiq
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - Plastiq
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Plastiq Comparisons
Competitors of Plastiq
Plastiq operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Afterpay, Affirm, Stori, Upgrade and Petal, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
A buy now pay later service is offered by Afterpay.
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| domain | founded_year | HQ Location |
Point-of-sale financing is facilitated via an online installment payment platform.
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| domain | founded_year | HQ Location |
Credit cards, deposit accounts, and investment products are provided.
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| domain | founded_year | HQ Location |
Consumer credit and banking products are offered to individuals.
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| domain | founded_year | HQ Location |
Credit cards are issued to consumers via alternative credit evaluation.
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| domain | founded_year | HQ Location |
Credit cards are provided for consumers, businesses, and healthcare financing.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Plastiq
Frequently Asked Questions about Plastiq
When was Plastiq founded?
Plastiq was founded in 2012.
Where is Plastiq located?
Plastiq is headquartered in San Francisco, United States. It is registered at San Francisco, California, United States.
Who is the current CEO of Plastiq?
Eliot Buchanan is the current CEO of Plastiq. They have also founded this company.
Is Plastiq a funded company?
Plastiq is a funded company, having raised a total of $150.2M across 8 funding rounds to date. The company's 1st funding round was a Series C of $27M, raised on May 10, 2012.
How many employees does Plastiq have?
As of Dec 31, 2020, the latest employee count at Plastiq is 109.
What does Plastiq do?
Plastiq is established as a business payment platform facilitating payments by credit card, even when not accepted by vendors. Payments are delivered through wire transfers, ACH, or checks, both domestically and internationally. Solutions are provided for sectors like e-commerce, construction, manufacturing, and logistics. Integration with accounting tools such as QuickBooks and Oracle NetSuite is supported. Embedded payment options and APIs are offered for B2B transactions, alongside mobile app access for financial management.
Who are the top competitors of Plastiq?
What products or services does Plastiq offer?
Plastiq offers Plastiq Pay, Plastiq Accept, and Plastiq Connect.
Who are Plastiq's investors?
Plastiq has 14 investors. Key investors include Kleiner Perkins, Khosla Ventures, FJ Labs, European Union, and Atlas Venture.