| Founded | 2012 |
|---|---|
| Closed | 2023 |
| Country | USA |
| Sector | Fintech |
| Total raised | $140M (Kleiner Perkins, Khosla Ventures, 2012–2022) |
| Collapse type | Sudden Collapse |
| Founder | Daniel Choi, Eliot Buchanan |
Plastiq
"The payment platform that let businesses pay any invoice with a credit card — then filed for Chapter 11 as interest rate rises made the arbitrage impossible"
Unexpected shutdown within weeks of a trigger
Key Events Timeline
Plastiq was a fintech platform that allowed businesses and individuals to pay expenses via credit card even when the vendor did not accept credit cards — Plastiq would charge the card and pay the vendor via ACH or check, taking a fee.
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