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San Francisco payments platform letting businesses pay vendors by credit card, which filed for Chapter 11 in May 2023.
Founded in 2012 in San Francisco, US, Plastiq Inc. lets businesses pay vendors by credit card, even when vendors do not accept cards, delivering payment by wire, same-day ACH or check. It charges a 2.90% service fee on credit card payments and integrates with QuickBooks Online. Its Series D round in May 2023, led by B Capital Group, raised USD 70.00 mn, and the company filed for Chapter 11 bankruptcy protection that month. It is listed at the Series D stage.
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