Case Study: Basatne achieves faster growth and stronger cash flow with Plastiq

Electronics supply chain management requires a lot of B2B payments. how Basatne does it with Plastiq

Basatne, a Canadian electronics supply chain management company, needed to manage cash flow for its numerous B2B payments, especially to vendors who preferred wire transfers over credit cards. To address this challenge, the company turned to the cash-flow platform provided by Plastiq.

By implementing Plastiq, Basatne was able to use credit to pay vendors requiring wires, dramatically improving their purchasing power. The solution from Plastiq enabled the company to scale its operations, increasing its monthly inventory purchasing ability from $2 million to $6 million. Founder Ammar Basatne credited Plastiq as a key contributor to the company's accelerated growth, stating they would not be nearly as big without it.

Basatne

Ammar Bastane

Founder