Author Topic: Plastccard  (Read 782 times)

Offline Mutty

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Plastccard
« on: August 20, 2015, 11:15:48 AM »
Anyone have any info on this new card? Combines all your credit cards into one.
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Offline AsherO

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Re: Plastccard
« Reply #1 on: August 20, 2015, 12:30:31 PM »
Anyone have any info on this new card? Combines all your credit cards into one.

Quite a few competitors: Coin, Stratos, Swyp and Wallaby (who was first with this idea AFAIK, but has since pivoted to other areas).

I think they're the first with EMV support, lets see if they actually launch in April.
« Last Edit: August 20, 2015, 02:08:22 PM by AsherO »
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Offline MeirS

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Re: Plastccard
« Reply #2 on: October 31, 2016, 11:23:07 AM »
Anyone have any info on this new card? Combines all your credit cards into one.
Bump

Did this ever come out?

Offline CZ60

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Re: Plastccard
« Reply #3 on: November 01, 2016, 12:25:28 PM »
They sent periodic updates to people who pre-ordered on what they are up to, and based on the latest update about a month ago, it still seems like its at least a few months out.

Online Aerial Dag

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Re: Plastccard
« Reply #4 on: April 20, 2017, 03:29:38 PM »
Quote
Important Notice
We Regret to Inform You...
For the past 3 years, our mission here at Plastc was to build and deliver the most technically ambitious smart card on the planet. After making enormous leaps in development, product innovation and progress towards our goal, Plastc has exhausted all of its options to raise the money it needs to continue.
Plastc, Inc. is exploring options to file Chapter 7 Bankruptcy and will cease operations on April 20, 2017.
While we have fallen short of our goal, we are proud of our team and the effort that went into developing a working Plastc Card. However, without the necessary capital to continue, all employees have been let go, which means that Customer Care and Social Media channels are unmanned or have been shut down.

How We Got Here:
We were expecting to close a $3.5 million Series A funding round on February 28, 2017. There are functioning Plastc Cards, which were demonstrated to our investors and our backers, and the capital was to be allocated for the mass production and shipping of Plastc Cards to pre-order customers. At first, the principal investment group postponed their investment and a couple of weeks later the round fell apart.
After the initial funding was unavailable, Plastc made progress with another investor who offered $6.75 million. This deal was scheduled to close last week and would propel development across the finish line, as well as allow for Plastc Card pre-orders to be shipped and for production to continue into a retail phase.
However, once again at the very last minute, our investor gave us notice that they have decided rescind their investment offer. The round was a signature away from closing and we were extremely caught off guard when they notified us yesterday they were backing out. Our existing investors kept us alive and functioning as long as they could during this fundraising process, but in the end, we needed new outside capital to get into production.

What This Means For Backers:
It’s been a long road with a lot of obstacles. The support of our amazing backers has been incredible, which makes this announcement even harder. We were so incredibly ready for production in order to hit our deadlines but without capital it is impossible for us to move forward and we will not be able to fulfill any pre-orders.
We are disappointed and emotionally distraught, and while we know this is extremely disappointing for you, we want our backers to know that we did everything we could to make Plastc Card a reality.

- Plastc Inc.
« Last Edit: April 20, 2017, 03:41:12 PM by Aerial Dag »

Offline Oceanblue

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Re: Plastccard
« Reply #5 on: April 22, 2017, 02:28:35 AM »
another crowdsourced project bites the dust