Plastiq news and trends

FinTech Bankruptcies and Speedbumps Prove Digitization Offers No Straight Path to Viability
Business // December 18, 2023

There’s no smooth sailing for corporates into the end of 2023. As 2023 becomes 2024, and as we spotlighted here, the pandemic era relief has run its course, the cash coffers have been drained, and in the United States, bankruptcies have been on the rise....

Tech Startups Close or Downsize as Funding Declines by 49%
Startups // August 11, 2023

The startup world is facing a historic slump with a venture funding drought threatening hundreds of previously funded businesses. Investors have sharply cut back on funding for tech and early-stage startups in the United States, leading to a 49% decline in tech startup funding in the year...

Priority Completes Acquisition of Plastiq and Combines B2B Offerings
Acquisitions // August 01, 2023

Priority Technology Holdings has completed its previously announced acquisition of Plastiq. The includes substantially all of the assets of Nearside Business and PLV, as well as all of the equity of Plastiq Canada and Plastiq, Priority said in a Tuesday (Aug. 1) press release. The...

Unanet Unveils AR Automation Tool for Architects and Engineers
Accounts Receivable // June 20, 2023

Unanet has introduced an accounts receivable tool for clients in the architecture and engineering sectors. The Virginia-based company announced the debut of its new accounts receivable (AR) automation functionalities Tuesday (June 20), saying it will help customers streamline what are traditionally manual AR processes. Unanet, which provides enterprise...

Interviews & Exclusives
B2B Firms Tap Affordable Credit Card Solutions to Maximize Cash Flow Efficiency

February 07, 2024
Historically, working capital options for small and medium-sized businesses (SMBs) have been somewhat limited, and the current interest rate environment has only exacerbated this limitation. As a result, businesses have been compelled to explore alternative financing avenues, which tend to be more expensive for most small enterprises. According to Court Toomey, even traditional options like […]

B2B BNPL Helps SMBs Create Runways to Growth

November 14, 2022
The cash conversion cycle is a metric every SMB should be monitoring to ensure healthy cash flow. But before there’s cash flow, SMBs need to get off the ground, with...

Cash-Strapped SMBs Tap Digital Tools to Ease Working Capital Challenges

November 07, 2022
The past few years have put the resilience of Main Street SMBs to the test, and they’re still not out of the woods. When the pandemic hit nearly three years...

FinTechs Deliver Enterprise-Level AP/AR to SMBs as Economy Softens

October 28, 2022
Owners of small- to medium-sized businesses (SMBs) have to wear more than one hat — sometimes, it’s three, four or five. And to manage their financial responsibilities while staying abreast...

Quick Reads
Tech Startups Close or Downsize as Funding Declines by 49%

August 11, 2023
The startup world is facing a historic slump with a venture funding drought threatening hundreds of previously funded businesses. Investors have sharply cut back on funding for tech and early-stage startups in the United States, leading to a 49% decline in tech startup funding in the year ended June 30, The Wall Street Journal (WSJ) reported Friday […]

Priority Completes Acquisition of Plastiq and Combines B2B Offerings

August 01, 2023
Priority Technology Holdings has completed its previously announced acquisition of Plastiq. The includes substantially all of the assets of Nearside Business and PLV, as well as all of the equity...

Unanet Unveils AR Automation Tool for Architects and Engineers

June 20, 2023
Unanet has introduced an accounts receivable tool for clients in the architecture and engineering sectors. The Virginia-based company announced the debut of its new accounts receivable (AR) automation functionalities Tuesday (June 20), saying...

Priority Plans to Acquire Plastiq, Subject to Bankruptcy Court Approval

May 24, 2023
Priority Technology Holdings plans to acquire Plastiq, which filed for Chapter 11 bankruptcy protection Wednesday (May 24). Priority has entered into a definitive agreement to acquire most of the assets...