Research containing Plastc
Get data-driven expert analysis from the CB Insights Intelligence Unit.
CB Insights Intelligence Analysts have mentioned Plastc in 1 CB Insights research brief, most recently on Aug 1, 2023.
Expert Collections containing Plastc
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Plastc is included in 2 Expert Collections, including Payments.
Companies in this collection provide technology that enables consumers and businesses to pay, collect, automate, and settle transfers of currency, both online and at the physical point-of-sale.
Companies and startups in this collection provide technology to streamline, improve, and transform financial services, products, and operations for individuals and businesses.
Latest Plastc News
Jan 19, 2018
There have been a lot of smart card products announced over the last few years — Plastc, Coin, Stratos — that have generated a lot of buzz, but haven’t really had much success taking hold. Plastc blew up on launch and went under with $9 million worth of preorders unfilled. Coin did a little better: It managed to get cards into customers’ hands, but its product disappeared when it was acquired by Fitbit. But Curve , which is getting its first full product launch in London this week, is different from what has come before in the world of smart cards. “What separates Curve from all the other smart card products that have tried to launch and failed is that we aren’t just offering people a nifty gadget to pay with. We are offering consumers a better way to manager their entire financial lives and make better choices end to end,” said Curve CEO Shachar Bialick. Curve isn’t just a card, he said; instead, it’s a tool that allows users to have control over all their financial accounts in a single location in a mobile app. To make that possible, their smart card product consolidates all of a user’s credit and debit information into a single card and then uses that master card to switch between one’s various accounts. “By doing so, the app itself can keep track of nearly the entire breadth of consumers’ spending activities,” Bialick said. “Customers can log in, see their spend, set goals and really understand how they are spending.” Today, Curve helps consumers more easily track their finances. Bialick believes the upcoming Open Banking/PSD2 regulations will broaden Curve’s ability to expand a consumer’s view of their spending life, as banks are now required to let third-party apps access customers’ transaction data and make payments on their behalf (with permission, of course). That new transparency, according to Bialick, will help Curve track all of a customer’s spending — not just card transactions — providing a much fuller picture of one’s financials. Moreover, the app also offers customers a host of other useful goods — like the ability to be able to turn a card on and off, send instant text notifications on spending as well as alerts when customers are at risk of overspending balances or pre-set spending limits. The card’s most important feature, Bialick said, is its ability to allow customers to “go back in time” and change how they made their purchases. “So, say you are in a store, and for some reason you can’t log into our app and change the card you are using from your standard to maybe a store card you have in your wallet. Or perhaps you just forget. What we [do is] let people go back to the app within two weeks and switch the payment method to what you meant to use,” he explained. The customer gets the rewards points they’re entitled to without having to return the good and repurchase it. “In reality, very few people are that dedicated to capturing card points. But with this app, it really doesn’t take any dedication,” Bialick said. Other card platforms have failed by over-promising and under-delivering, but he noted that Curve has 100,000 satisfied customers for its product coming out of beta — and 50,000 more sitting on a waitlist. “A smart card that is just a new way to pay? No one needs that. But a smart card that actually makes you smarter about what you spend? We think there is a market for that — and so far, the numbers back that up,” Bialick said.
Plastc Frequently Asked Questions (FAQ)
Where is Plastc's headquarters?
Plastc's headquarters is located at 49 Powell Street, San Francisco.
What is Plastc's latest funding round?
Plastc's latest funding round is Acquired.
How much did Plastc raise?
Plastc raised a total of $4.36M.
Who are the investors of Plastc?
Investors of Plastc include Edge.
Who are Plastc's competitors?
Competitors of Plastc include Coin.
Compare Plastc to Competitors
Obopay is a company that specializes in mobile money technology, operating within the financial technology sector. The company provides a secure and scalable mobile money platform, offering services such as mobile payment solutions, business transaction management, and distribution network development. Obopay primarily serves sectors such as banking, telecom, retail, and government. It was founded in 2005 and is based in Redwood City, California.
Mswipe provides point-of-sale (POS) solutions for all types of payment acceptance. Its solutions include cards, wallets, mobile payment applications, and quick response (QR) payments. The company was founded in 2011 and is based in Mumbai, India.
MatchMove operates an end-to-end mobile wallet and payment card solution. It helps businesses to increase revenue and boost user engagement. It was founded in 2009 and is based in Singapore, Singapore.
PayPal (NASDAQ: PYPL) operates an online payment platform. The platform allows users to send and receive money or make online payments. It was formerly known as X.Com. The company was founded in 1998 and is based in San Jose, California.
Block (NYSE: SQ) operates as a multinational technology conglomerate. It offers a range of products such as Square, a point-of-sale (POS) system that allows businesses to accept payments from customers, Spiral, a music streaming service that offers a catalog of independent music, Cash App, a mobile payments application that allows users to send and receive money, and more. It serves food and beverage sectors, beauty salons, health and fitness, and more. The company was formerly known as Square. It was founded in 2009 and is based in San Francisco, California.
Zettle develops web and mobile-based payment applications. It provides hardware-based point-of-sale terminals, link-based payment solutions, quick response (QR)-based payment solutions, and payment gateways. Zettle was formerly known as iZettle. It was founded in 2010 and is based in Stockholm, Sweden. In May 2018, Zettle was acquired by PayPal.