Plastiq raises $27M at 2X+ value to let you pay for anything on credit [TechCrunch Blog]
Mastercard Incorporated (MA)
Last mastercard incorporated earnings: 4/29 08:00 am
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Source: TechCrunch Blog
“I wasn’t asking to pay in Bitcoin!” Plastiq CEO and co-founder Eliot Buchanan recalls with a laugh. “I went to pay part of my tuition at Harvard and I was told that they didn’t (and never would) accept credit card. It was inconvenient and seemed odd. Credit cards had been around for 50 years.” That set off the a light bulb in his head. “Why couldn’t I use a credit card to pay for this important bill? So, I set out to solve my own problem.” Whether you’re trying to pay your rent or tuition on credit, or your have a business and want to invest in a new opportunity or get a better rate by paying vendors up front, Plastiq can help. For a flat 2.5 percent fee, you pay Plastiq through their credit card, and it issues the proper wire transfer, check, or deposit for up to $500,000 on your behalf to whoever you owe. Now with over 1 million clients, growth stage VCs are taking notice. Kleiner Perkins has just led a $27 million Series C for Plastiq with partner Ilya Fush
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MA
Earnings
- 1/31/24 - Beat
MA
Sec Filings
- 4/19/24 - Form 4
- 4/17/24 - Form 144
- 4/16/24 - Form 4
- MA's page on the SEC website