Payments platform provider Plastiq has raised $27m in a new financing round joined by Atlas Venture, Khosla Ventures and Top Tier Capital Partners.
Plastiq platform allows customers to use a credit card to pay for virtually all types of bills and business expenses. Users also earn credit card points and early payment discounts.
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The company intends to use the funds to launch new payment services, acquire additional clients and expand in the small and medium business market.
Plastiq CEO Eliot Buchanan said: “We have a singular vision to make it easy to pay for virtually any expense with your credit card.
“Whether you are a small business owner looking to take advantage of hard-earned credit to pay for inventory or a commercial lease, or a consumer looking to maximise points by using Plastiq to pay your rent or tuition, Plastiq helps fund your most important payments – the ones you need to grow, compete, and win.”
The firm works with several credit card providers, including Mastercard, American Express, Visa, Discover and JCB.
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By GlobalDataTill date, it is claimed to have served more than one million clients and processed billions in payments for various expenses.
