Thursday, April 20, 2017

Plastc goes belly up after swiping $9M from backers

Plastc, the card we all wanted in our wallet, is going out of business. The reprogrammable card featured an e-ink display, and stored data from up to 20 other credit cards in an attempt to simplify our cluttered wallets. It was sleek, stylish, and highly-sought after, attracting more than $9 million in pre-orders since launching in 204. And now it’s gone. According to a blog post today, Plastc is closing its doors after two failed funding rounds. Early this year, Plastc sought to raise additional capital to kickstart its launch and fulfill preorders. Its first option, a $3.5 million Series A…

This story continues at The Next Web

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