Plastc launched in 2014 with the promise of shipping a single card that could digitally hold 20 credit or debit cards that a user could switch between. The company raised more than $9 million through preorders, and today, after shipping to no backers, the company said it’s planning to file for bankruptcy and will shut down.
With that, all backers’ money is lost, and no Plastc cards will ship. Plastc announced the news on its website today along with the fact that all its employees have been laid off. Its customer care and social media channels have also been shut down.
The team writes that it’s, “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.”
The company explains that it thought it would close $3.5 million in funding in February this year, but that fell through. Another possible investment deal of $6.75 million fell through, too. What’s not clear is how more than $9 million wasn’t sufficient to get backers their orders. Backers will likely have questions and want their money back, but with no one to turn to from Plastc, they’ll likely be out the cash.
My current phone does not have a headphone jack. My favorite headphones need one. After being fed up with losing and forgetting dongles, I thought there must be a better way. Despite a plethora of excellent wireless options currently available, my favorite portable headphones are a pair of in-ear monitors (IEMs) from a little known company outside of audiophilia, the VSonic GR07. I keep on returning to them despite dozens of other headphones I’ve reviewed over the years, but the inconvenience of dongle life soured the experience. Then I realized I could easily add Bluetooth to the GR07 – and… This story continues at The Next Web
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