Plastiq, a San Francisco, CA-based platform to pay bills and business expenses by credit card, raised $27m in financing.
Backers included Atlas Venture, Khosla Ventures and Top Tier Capital Capital Partners.
The company will use the funds to acquire new business customers and develop additional payment services designed for small and medium-sized businesses.
Led by Eliot Buchanan, CEO, Noah Goldberg, Head of Operations, Robert Mahnke, General Counsel and Head of Compliance, Serena Satyasai, Head of Marketing,
Plastiq provides business owners and consumers with a way to pay virtually any bill, while benefiting from credit card points programs, early payment discounts, or a few days’ float while an invoice settles.
The company works with all major credit card providers, including American Express, Discover, Mastercard, Visa, and JCB, and its payments platform has served more than one million clients, processing billions in payments for a wide range of expenses, from business supplier payments, to contractors, to taxes and rent.
In addition, Plastiq has added Karen Appleton Page, a former Apple executive and founding executive at Box, to its Board of Directors. Sam Garvin, Vice Chairman of the Phoenix Suns and investor, was added as an advisor to the company.