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Which was an honest get in a tricky funding natural environment and considering that, as of June 30, 2022, Plastiq had no income on its balance sheet, Besides $8.7 million in “limited hard cash”). Then just two months later, Plastiq shut Nearside down. The bankruptcy filing says Plastiq made the choice for the reason that Nearside “lacked the technology, stability and controls” to offer to Plastiq’s buyers, nevertheless a former Nearside executive disputes this simple fact and believes that Plastiq was almost certainly only serious about Nearside for its dollars with the outset.

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