Plastiq, a Boston, MA-based payments company that enables consumers to pay with their credit card of choice regardless of merchant acceptance, raised $10m in Series B financing.
The round was led by Khosla Ventures with participation from Atlas Venture and Flybridge Capital Partners. Ben Ling, investment partner at Khosla Ventures, will serve on the Board of Directors for Plastiq, following the investment. Keith Rabois, Silicon Valley executive and investment partner at Khosla, will serve as an advisor.
The company, which has now raised $20.3m, will use the funds to expand its payment service across Canada and the
Led by Eliot Buchanan, CEO and co-founder, Plastiq allows cardholders to use their credit or debit card for any payment for tuition, taxes, bills, and more.
The company, which also has an office in Toronto, will relocate to San Francisco by Q4.