Home | FinTech | Digital Lending / Digital Payments

Priority Technology Holdings Acquires Plastiq to Expand Unified Commerce Platform

August 3, 2023

Priority Technology Holdings Acquires Plastiq to Expand Unified Commerce Platform

Priority Technology Holdings, a leading payments and banking technology platform, has announced the acquisition of Plastiq, a pioneering B2B payments company. This strategic move aims to expand Priority’s differentiated Unified Commerce Platform and provide businesses of all sizes with a comprehensive suite of working capital solutions.

Description of the merger

The merger between Priority Technology Holdings and Plastiq brings together the capabilities of both companies to create a powerful and comprehensive offering. By combining Plastiq’s expertise in bill pay and working capital with Priority’s payment solutions, the merger addresses the needs of businesses seeking improved cash flow and instant access to working capital. The goal is to provide a one-stop-shop for businesses, offering a full suite of working capital solutions under one platform.

Background on Priority Technology Holdings and Plastiq

Priority Technology Holdings, with its payments and banking technology platform, serves over 800,000 clients and processes an impressive $115 billion in annual payment volume. This acquisition further reinforces Priority’s position as a leader in the industry, leveraging Plastiq’s capabilities to enhance their offerings.

Plastiq, founded in 2012, has established itself as a trusted B2B payments company. Its focus has been on helping businesses improve cash flow and gain instant access to working capital. The company’s innovative solutions have helped numerous businesses accelerate their financial success.

Comments from Priority’s Chairman and CEO, as well as Plastiq’s CEO & Founder

Thomas Priore, Chairman and CEO of Priority, expressed enthusiasm about the acquisition, stating, “The addition of Plastiq is another example of how Priority is building a differentiated Unified Commerce Platform for our business and integrated software clients.” This acquisition aligns with Priority’s commitment to providing innovative solutions to its clients.

Eliot Buchanan, CEO and Founder of Plastiq, highlighted their mission of accelerating small business financial success. He stated, “Our mission has always been to accelerate the financial success of small businesses by giving them access to the working capital they need to grow and thrive.” The integration with Priority Technology Holdings allows Plastiq to further enhance their mission and serve a broader customer base.

Approval of the acquisition

The acquisition has received approval from the United States Bankruptcy Court for the District of Delaware, solidifying its legal standing and paving the way for an efficient integration.

Priority’s role in handling payments and embedded finance

Priority’s expertise lies in managing the intricacies of payments and embedded finance. Their services enable partners to focus on their core business objectives while leaving the complexities of financial transactions in capable hands.

Integration of Plastiq’s services into Priority’s unified commerce platform

The integration of Plastiq’s services into Priority’s unified commerce platform marks an exciting development for businesses seeking optimized cash flow management. Through a single platform, customers will have access to a range of payment acceptance and automated bill payment tools. This integration showcases Priority’s continued commitment to innovation in the FinTech industry, providing businesses with efficient solutions and helping them stay ahead in an evolving market.

The acquisition of Plastiq by Priority Technology Holdings represents a significant step in expanding Priority’s Unified Commerce Platform. By combining their respective capabilities, Priority aims to provide businesses of all sizes with a comprehensive suite of working capital solutions. With the approval of the United States Bankruptcy Court, this strategic move is set to unlock new opportunities and benefits for Priority’s clients and the broader business community. As the integration progresses, businesses can expect an enhanced platform that streamlines cash flow management, reinforcing Priority’s position as an innovative force in the FinTech industry.

Explore more

Global RPA Market Set for Rapid Growth Through 2033

March 2, 2026

The modern business environment has reached a definitive turning point where the distinction between human administrative effort and automated digital execution is blurring into a singular, cohesive workflow. As organizations navigate the complexities of a post-pandemic economic landscape in 2026, the reliance on Robotic Process Automation (RPA) has transitioned from a competitive advantage to a fundamental requirement for survival. This

US Labor Market Cools Following January Employment Surge

March 2, 2026

The sheer magnitude of the employment surge witnessed during the first month of the year has left economists questioning whether the American economy is truly overheating or simply experiencing a statistical anomaly. While January provided a blowout performance that defied most conservative forecasts, the subsequent data for February suggests that a significant cooling period is finally taking hold. This shift

Trend Analysis: Entry Level Remote Careers

March 2, 2026

The long-standing belief that securing a high-paying professional career requires a decade of office-bound grinding is being systematically dismantled by a digital-first economy that values specific output over physical attendance. For decades, the entry-level designation often implied a physical presence in a cubicle and years of preparatory internships, yet fresh data suggests that high-paying remote opportunities are now accessible to

How to Bridge Skills Gaps by Developing Internal Talent

March 2, 2026

The modern labor market presents a paradoxical challenge where specialized roles remain vacant for months while thousands of capable employees feel their professional growth has hit an impenetrable ceiling. This misalignment is not merely a recruitment issue but a systemic failure to recognize “adjacent-fit” talent—individuals who already possess the vast majority of required competencies but are overlooked due to rigid

Is Physical Disability a Barrier to Executive Leadership?

March 2, 2026

When a seasoned diplomat with a career spanning the United Nations and high-level corporate strategy enters a boardroom, the initial assessment by peers should theoretically rest upon a decade of proven crisis management and multi-million-dollar partnership successes. However, for many leaders who live with visible physical disabilities, the resume often faces an uphill battle against a deeply ingrained societal bias.