CHICAGO, IL – November 1, 2022 City Capital Advisors (“CCA”), a leading results-driven boutique investment bank serving middle market companies, announced today that it acted as exclusive financial advisor to Nearside in connection with the sale of the company to Plastiq for $130 million. Nearside, founded in 2019 by veterans of Block (Square), was previously a portfolio company of several venture capital firms including Foundation Capital, Kleiner Perkins, Valar Ventures and others. Nearside’s suite of financial services provide a strategic complement to the payments services Plastiq provides, with both companies targeting the small and medium size business (SMB) market.
Nearside is a software company that provides banking, lending and service products for small and medium sized businesses. Nearside offers a suite of FinTech products for small businesses in the areas of business incorporation, business checking accounts, lines of credit, and term loans, along with experience in the area of business Credit Card products. Nearside provides financial and software services for SMBs.
Founded in 2012 and based in San Francisco, California, Plastiq is a leading B2B payments company targeted towards Small and Medium sized businesses. Its platform allows business owners to pay their expenses with a credit card regardless of acceptance, as well as automating payables and receivables. The company also offers business credit cards and short term financing.
About City Capital Advisors
City Capital Advisors, a FINRA registered broker-dealer, is a results-driven investment banking advisory firm. Each of City Capital’s Managing Directors has more than 25 years of investment banking experience, offering clients judgment and transaction management expertise honed from successfully executing more than 500 merger & acquisition and capital raising transactions, collectively, over their professional careers. Our client engagements are managed exclusively by experienced senior investment bankers, allowing our business owner clients to realize maximum value for their companies, often exceeding their original objectives.