Breaking News
US B2B Payment Tech Firm Plastiq Has Declared Chapter 11 Bankruptcy
US B2B payment tech firm Plastiq has declared Chapter 11 bankruptcy and intends to sell its assets to Priority Technology Holdings, an integrated payments and banking platform provider, for an undisclosed amount.
Established in San Francisco in 2012, Plastiq facilitates bill payments and provides working capital for small to medium-sized businesses. The company’s voluntary bankruptcy filing on May 24 was compelled by the collapse of its payment processing associate, Silicon Valley Bank, which led to the halt of Plastiq’s operations.
Last year, Plastiq planned to go public via a SPAC merger, targeting a valuation of $480 million.
The deal awaits approval from the Bankruptcy Court and is also subject to potentially higher offers Plastiq may get during the auction process.
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Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
CLS Appoints Six New Board Directors
CLS, a financial market infrastructure group delivering settlement, processing and data solutions, today announces the appointment of six new members to its Board of Directors at the CLS Annual General Meeting held on 9 June 2026.
Mobey Forum Calls for a Collaborative Approach to Fraud Prevention in Rethinking Fraud in a Connected World
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The European FinTech Association (EFA) today announced the election of its new Board of Directors, bringing together senior leaders from across Europe's fintech ecosystem to guide the Association's work over the coming term.
G+D: Navigating the Future of Fintech Agility and Innovation
Share this post: Share on LinkedIn Share on X (Twitter) Share on Facebook Share on […]
Connect IFA Strengthens Leadership Team to Drive Growth and Enhance Adviser Support
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