Plastiq is a financial technology company founded in 2012 that provides payment solutions for businesses and individuals. The platform enables users to pay virtually any expense using credit cards, even when cards are not typically accepted as a payment method. The service acts as an intermediary, processing credit card payments and then sending payments to recipients via check, ACH transfer, or wire transfer. The company primarily serves small and medium-sized businesses (SMBs) by helping them manage cash flow and maximize working capital through their credit card lines. Plastiq charges users a percentage-based fee for processing payments, typically ranging from 2.5% to 2.9% of the transaction amount. In 2022, Plastiq announced a merger agreement with Colonnade Acquisition Corp. II, a special purpose acquisition company (SPAC), valuing the company at approximately $480 million. The company has raised over $140 million in venture capital funding from investors including Kleiner Perkins, B Capital Group, and Khosla Ventures. Plastiq’s platform integrates with major credit card networks including Visa, Mastercard, and American Express. The company has processed billions of dollars in payments and serves customers across various sectors including real estate, manufacturing, and professional services. Their headquarters is located in San Francisco, California.