Plastiq, a U.S.-based intelligent payments solution for small business, announced on Friday it has launched on Visa’s Small Business Hub. According to Plastiq, the Visa Small Business Hub helps the small business community to create and strengthen customer relationships through claimed safe, digitally-enabled practices.
“The Visa Small Business Hub offers access to tools and tips that focus on three main stages of the small business lifecycle: starting, running and growing your business. Resources cover securing funding, budgeting, attracting customers, managing finances, selling online, reputation management and other vital aspects of business management.”
Speaking about the company’s involvement with Visa’s Small Business Hub, Eliot Buchanan, CEO and Co-Founder of Plastiq, stated:
“By utilizing our payment tools and Visa’s business cards, small businesses will be able to free up vital cash reserves and better manage cash flow to set themselves up for long-term success.”
Founded in 2012, Plastiq enables SMBs to use their credit cards for virtually any expense, even where credit cards aren’t accepted, so they can maximize the working capital they already have while also conserving cash during periods of economic uncertainty.
“Driven by significant SMB customer momentum, the funding will be invested in the rollout of Plastiq’s offerings to champion the underserved SMB market by enabling simpler, faster integrated payments that maximize profits and protect cash reserves.”
Plastiq recently secured $75 million through its Series D funding round, which was led by B Capital Group with participation from Kleiner Perkins, Khosla Ventures, Appcomplice, and Top Tier Capital Partners. The investment brought Plastiq’s total funding raised to more than $140 million.