Plastiq Overview

  • Year Founded
  • 2012

Year Founded

  • Status
  • Acquired/​Merged

  • Employees
  • 103

Employees

  • Latest Deal Type
  • M&A

  • Latest Deal Amount
  • $36.9M

Plastiq General Information

Description

Developer of a payment automation platform designed to manage business payables and cash flow. The company offers a bill pay platform, card acceptance tools, an embedded payment application programming interface, short-term financing, vendor management software, and payment approval workflows, enabling small and medium-sized enterprises to pay expenses by credit card and synchronize transaction data with accounting systems.

Contact Information

Website
www.plastiq.com
Ownership Status
Acquired/Merged
(Operating Subsidiary)
Financing Status
Formerly VC-backed
Corporate Office
  • 447 Sutter Street
  • Suite 405, PMB 49
  • San Francisco, CA 94108
  • United States
+1 (844)
Primary Industry
Financial Software
Other Industries
Accounting, Audit and Tax Services (B2B)
Parent Company
Priority Technology Holdings
Vertical(s)
FinTech, B2B Payments
Corporate Office
  • 447 Sutter Street
  • Suite 405, PMB 49
  • San Francisco, CA 94108
  • United States
+1 (844)

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Plastiq Valuation & Funding

Deal Type Date Amount Raised to Date Post-Val Status Stage
12. Merger/Acquisition 31-Jul-2023 $36.9M Completed Generating Revenue/Not Profitable
11. Bankruptcy: Admin/Reorg 24-May-2023 Completed Bankruptcy: Admin/Reorg
10. Reverse Merger 04-Aug-2022 Cancelled Generating Revenue
9. Later Stage VC (Series E) 21-Jan-2022 Completed Generating Revenue
8. Later Stage VC (Series E) 01-Oct-2021 Completed Generating Revenue
7. Later Stage VC (Series D) 29-Oct-2019 Completed Generating Revenue
6. Later Stage VC (Series C) 20-Sep-2018 Completed Generating Revenue
5. Later Stage VC (Series B2) 08-Aug-2017 Completed Generating Revenue
4. Early Stage VC (Series B1) 07-Dec-2016 $9.3M $28.8M Completed Generating Revenue
3. Early Stage VC (Series B) 02-Jul-2014 $10M $19.5M Completed Generating Revenue
To view Plastiq’s complete valuation and funding history, request access »

Plastiq Cap Table

Stock # of Shares
Authorized		 Par Value Dividend Rate (%) Original
Issue Price		 Liquidation Liquidation
Pref. Multiple		 Conversion Price % Owned
Series D
Series C
Series B2
Series B1
Series B
Series A1 5,314,544 $0.000001 $1.15 $1.15 1x $1.15 5.48%
Series A 3,681,072 $0.000001 $0.64 $0.64 1x $0.64 3.8%
To view Plastiq’s complete cap table history, request access »

Plastiq Comparisons

Description
Primary
Industry
HQ Location
Employees
Total Raised
Post Valuation
Last
Financing
Details
Developer of a payment automation platform designed to manage business payables and cash flow. The company offers a bill
Financial Software
San Francisco, CA
103 As of 2023

Nashville, TN
 

Bangkok, Thailand
 
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Plastiq Competitors (17)

One of Plastiq’s 17 competitors is Billtrust, a Private Equity-Backed company based in Nashville, TN.

Company Name Financing Status Location Employees Total Raised Last Financing Date/Type Last Financing Amount
Billtrust Private Equity-Backed Nashville, TN
FlowAccount Venture Capital-Backed Bangkok, Thailand
Melio Formerly VC-backed New York, NY
Citcon Venture Capital-Backed San Jose, CA
Tipalti Private Equity-Backed Foster City, CA
You’re viewing 5 of 17 competitors. Get the full list »

Plastiq Patents

  • 6

    Total Documents Applications and Grants

  • Total Patents Families

  • Granted

  • Pending

  • Expiring in next 12 mo

Plastiq Recent Patent Activity

Publication ID Patent Title Status First Filing Date Technology (CPC) Citations
US-20160267457-A1 Payment system for enabling transactions using preferred payment methods Inactive 15-Mar-2015
CA-2829643-A1 Payment system and method for brokering consumer-pay transactions Inactive 11-Oct-2013
US-20150026097-A1 System and method for compliance monitoring and resolution of brokerage account maintenance requirements Inactive 19-Jul-2013
US-20140052616-A1 Payment system and methods for brokering consumer-pay transactions Inactive 17-Aug-2012
GB-2186078-A Method and apparatus for carrying out biochemical assay Inactive 29-Jan-1986 G01N33/54386
To view Plastiq’s complete patent history, request access »

Plastiq Signals

Growth Rate

Weekly
Growth
Weekly Growth

Size Multiple

Median
Size Multiple

Key Data Points

Similarweb Unique Visitors

Majestic Referring Domains

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Plastiq Former Investors (45)

Investor Name Investor Type Holding Investor Since Participating Rounds
Accomplice VC Venture Capital Minority
Acorn Pacific Ventures Venture Capital Minority
Alumni Ventures Venture Capital Minority
Arizona Bay Venture Capital Minority
Atlas Venture Venture Capital Minority
You’re viewing 5 of 45 investors. Get the full list »

Plastiq Acquisitions (1)

Plastiq’s most recent deal was a Merger/Acquisition with Nearside for . The deal was made on 01-Nov-2022.

Company Name Deal Date Deal Type Deal Size Industry Lead Partner
Nearside 01-Nov-2022 Merger/Acquisition Specialized Finance
To view Plastiq’s complete acquisitions history, request access »

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Plastiq FAQs

  • When was Plastiq founded?

    Plastiq was founded in 2012.

  • Where is Plastiq headquartered?

    Plastiq is headquartered in San Francisco, CA.

  • What is the size of Plastiq?

    Plastiq has 103 total employees.

  • What industry is Plastiq in?

    Plastiq’s primary industry is Financial Software.

  • Is Plastiq a private or public company?

    Plastiq is a Private company.

  • What is the current valuation of Plastiq?

    The current valuation of Plastiq is .

  • What is Plastiq’s current revenue?

    The current revenue for Plastiq is .

  • How much funding has Plastiq raised over time?

    Plastiq has raised $228M.

  • Who are Plastiq’s investors?

    Accomplice VC, Acorn Pacific Ventures, Alumni Ventures, Arizona Bay, and Atlas Venture are 5 of 45 investors who have invested in Plastiq.

  • Who are Plastiq’s competitors?

    Billtrust, FlowAccount, Melio, Citcon, and Tipalti are some of the 17 competitors of Plastiq.

  • When was Plastiq acquired?

    Plastiq was acquired on 31-Jul-2023.

  • Who acquired Plastiq?

    Plastiq was acquired by Priority Technology Holdings.

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