Pliant Raises $40M for US Expansion
Pliant currently issues Visa-powered credit cards in 11 currencies across more than 30 countries - © Pliant
Berlin-based fintech Pliant has secured $40 million in Series B funding to fuel its expansion into the US market, according to a company press release. The investment round, led by Illuminate Financial and Speedinvest, brings Pliant's total funding to over $100 million since its founding in 2020.
The B2B payment solutions provider has experienced triple-digit revenue growth for consecutive years and currently serves 3,500 businesses across Europe. Pliant's platform aims to simplify corporate payments through automation, flexibility, and intelligence—addressing what investors describe as one of the most "underserved and inefficient areas in global finance."
"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," said Malte Rau, CEO and co-founder of Pliant, in the announcement.
The company's modular, API-first platform allows businesses to streamline spending, enhance cash flows, and integrate payments into their financial workflows. Pliant's solutions are particularly valuable for industries with complex payment needs, such as travel and fleet management.
As part of its growth strategy, Pliant recently acquired Austrian insurtech hi.health, enabling the company to apply its payment expertise to the insurance sector. The company is also expanding its team, which is expected to exceed 200 people in the near future.
"Pliant is not just building a 10x better credit card product – they're building the future infrastructure of corporate payments," said Tom Filip Lesche, Partner at Speedinvest, who co-led the funding round.
As a licensed e-money institution, Pliant currently issues Visa-powered credit cards in 11 currencies across more than 30 countries. The company plans to build the right team, partnerships, and infrastructure from day one as it enters the American market.
