Bill Pay Platform Plastiq Closes $27 Million in Additional Financing

Plastiq raised $27 million in additional financing from Atlas Venture, Khosla Ventures, and Top Tier Capital Partners.

Plastiq is “bill pay with benefits,” enabling one million business owners and consumers to use a credit card for expenses like rent or business supplies that normally require a check, making it easier to earn credit card rewards and tap early-payment discounts. The company works with major credit card providers American Express, Discover, Mastercard, Visa, and JCB.

Plastiq plans to use the funds from this round to acquire new business customers and develop additional payment services for small and medium-sized businesses.