Berlin-based Pliant, a fintech specialising in B2B payment solutions, has secured $40M (approximately €35.2M) in a Series B funding round led by Illuminate Financial and Speedinvest.
Existing investors, including PayPal Ventures and Motive Ventures, also participated. The latest round brings Pliant’s total funding to over $100M (approximately €88.1M).
The announcement comes over a year after raising €8M in a Series A extension round of funding.
The company will use the funds to invest in the talent and infrastructure to support its growth, with the team expected to exceed 200 people in the future. The company is also expanding its network of partners.
Recent collaborations, such as the partnership with Commerzbank have helped the German company reach more customers and support a wider range of payment use cases.
As it expands to the U.S., Pliant plans to build the right team, partnerships, and infrastructure from day one.
“We are proud to have reached this milestone and grateful for the continued support of our investors. We have proven that our platform delivers real value at scale. With a strong foundation in Europe, we are ready to bring our solution to the U.S. market,” says Malte Rau, CEO and co-founder of Pliant.
Recently, the German company acquired the Austrian Insurtech hi.health, enabling the company to apply its payment expertise to the insurance sector while gaining valuable industry-specific know-how.
Pliant: Digital corporate credit card solution
Founded in 2020 by Malte Rau and Fabian Terner, Pliant specialises in B2B payment solutions.
Their API-first platform enables businesses to manage spending, improve cash flow, and integrate payments into their financial systems.
They provide valuable support to industries with complex payment needs, such as travel and fleet, helping these companies operate more efficiently and profitably.
Pliant serves two main customer segments:
Businesses seeking to streamline their payment processes through user-friendly apps and powerful APIs, gaining better control, increased efficiency, and flexible cash flow with extended credit lines.
Companies like financial software firms, ERP providers, or banks are looking to enhance or launch their credit card offerings.
At present, Pliant supports over 3,500 businesses and more than 20 partners globally.
As a licensed e-money institution (EMI), they issue Visa-powered credit cards in 11 currencies across more than 30 countries.
