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Priority Technology Holdings completed the acquisition of Plastiq.

Synopsis

Priority Technology Holdings, a provider of merchant acquiring and commercial payment solutions to small and medium businesses enterprises in the United States, completed the acquisition of Plastiq, a service that lets individuals and businesses use debit or credit cards to pay vendors that don't otherwise accept those payment methods. Financial terms were not disclosed. “We are eager to welcome Plastiq’s employees and customers into the Priority family. Both companies have been focused on building leading B2B payment solutions. Our combined B2B offering will provide businesses of all sizes a full suite of working capital solutions that optimize their important vendor relationships while maximizing cash flow flexibility to operate and grow their business,” Thomas Priore, Priority Chairman and CEO.

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