Case Study: Lalo extends cash flow and fuels growth with Plastiq

Lalo - Customer Case Study

Lalo, a consumer product company focused on baby gear, faced significant challenges with cash flow and risk when purchasing up-front inventory for new products. As a new brand, they needed a way to mitigate the financial risk of stocking items that might not sell. They turned to Plastiq for its payment and financial services to help solve this problem.

Using Plastiq, Lalo was able to pay vendors, extend their cash flow, and efficiently manage inventory purchases, which was crucial for dealings with overseas suppliers. The solution provided by Plastiq gave Lalo the necessary breathing room to grow without requiring more equity capital. This support was vital to their success, contributing to a 550% year-over-year growth over three years, with the CEO stating that Plastiq literally saved the business and was key to their survival.

Lalo

Greg Davidson

CEO & Co-Founder