Plastiq, a U.S.-based intelligent payments solution for small businesses, announced on Wednesday it has teamed up with intelligent A/R automation solutions provider Billfire to enable supplies and distributors to offer more payment options to their customers. According to Plastiq, the integration will help improve the payment experience for Billfire customers.
Sameer Gulati, President and COO at Plastiq, shared more details about the partnership by stating:
“The way businesses conduct financial transactions is heavily antiquated. It’s time for a change, and that’s what we’ve made happen with our suite of products from Plastiq. We aim to take the guesswork out of payments for our customers, and adding Billfire to our growing list of partners means that we’re able to reach a larger group of businesses who are in need of low-cost, easy-to-use payments and better cash flow management.”
As previously reported, 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.”
The partnership with Billfire comes less than two months after Plastiq teamed up with corporate card provider Ramp. Plastiq reported at the time that through the partnership, customers may now track, manage, and control every dollar of their company’s spend in a single place, including larger expenses that don’t normally fit on a credit card like rent, advertising, and supplier costs.
