Fintech One•On•One #387: Eliot Buchanan of Plastiq
Oct 7, 2022
29:17
Being a small business owner has many challenges. Deal with finances is one of the major stresses for any small business and fintech is really starting to make a difference here. But what if we could take the financial component of any small business and take it from a cost center to a profit center, or at least make it cost-neutral?
My next guest on the Fintech One-on-One Podcast is Eliot Buchanan, the CEO and Co-Founder of Plastiq. They help small businesses with flexibility on both how they pay and accept payments, offering a full suite of innovative offerings.
In this podcast you will learn:
- The problem Eliot had that led to the founding of Plastiq.
- Why they evolved from a consumer business to focus on small business.
- Details of their flagship product, Plastiq Pay.
- The three other products they now offer.
- Why they created an embedded finance product for small business platforms.
- How Plastiq is turning credit card acceptance on its head.
- The types of businesses that are using Plastiq.
- How financing through Plastiq is even cheaper than bank capital.
- Why they decided to go public via SPAC in 2022.
- How they are making this move with their eyes wide open.
- What they are planning to do with a new war chest of capital.
- How a Main Street business should view Plastiq.
- Eliot's vision for Plastiq.
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