21st April 2017 Church News.
FinTech firm Plastc has today announced that it has ceased operations and will be filing for bankruptcy, despite having collected $9 million in pre-orders from prospective customers. The firm was working on a smart card solution which could combine several cards into one product, with an accompanying mobile app. Plastc said that they were expecting to close Series A funding on two occasions in the past few months, but deals worth $3.5 million and $6.75 million both collapsed at the last minute.
