Priority Technology Acquires Plastiq to Strengthen B2B Payment Platform
Priority Technology Holdings announced the acquisition of Plastiq, a B2B payments company specializing in bill pay and working capital solutions. The deal expands Priority's unified commerce platform by adding Plastiq's technology that enables businesses to pay vendors and suppliers through card-based and digital payment rails. Plastiq had built a significant SME customer base by allowing businesses to use credit cards for payments traditionally limited to checks or ACH transfers.
Priority Technology plans to integrate Plastiq's capabilities into its broader payment facilitation and merchant services ecosystem. The acquisition strengthens Priority's position in the embedded B2B payments space, particularly for accounts payable automation and working capital management. Financial terms were not fully disclosed in available reporting.
The deal reflects growing demand for embedded finance tools that help businesses manage cash flow and vendor payments more efficiently.
- Signals consolidation in B2B embedded payments as platforms seek end-to-end accounts payable and receivable capabilities
- Strengthens Priority's competitive position against other embedded B2B payment providers targeting SME and enterprise segments