Berlin-based fintech company Pliant, which focuses on B2B payment solutions, has raised US$40 million in a Series B funding round.
The round was led by Illuminate Financial and Speedinvest, with existing investors including PayPal Ventures and Motive Ventures also participating. This brings the company’s total funding to over US$100 million.
According to Silicon Canals, the funding follows a Series A extension round last year, in which the company secured €8 million.
Pliant intends to use the new capital to support its continued growth by investing in talent and infrastructure.
The team is expected to grow to over 200 people, and the company plans to expand its network of partners.
Recent collaborations, such as a partnership with Commerzbank, have helped the firm reach more customers and support a broader range of payment use cases.
As Pliant looks to expand into the United States, it aims to establish the appropriate team, partnerships, and systems from the outset.
“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 US market,”
said Malte Rau, CEO and co-founder of Pliant.
The company recently acquired Austrian insurtech firm hi.health, allowing it to apply its payment expertise to the insurance industry while gaining sector-specific insights.
Founded in 2020 by Malte Rau and Fabian Terner, Pliant offers a digital corporate credit card solution tailored to B2B needs.
Its API-first platform allows businesses to manage spending, improve cash flow, and integrate payments into their financial systems.
It supports sectors with complex payment requirements, such as travel and fleet, helping companies operate more efficiently.
Pliant caters to two main customer groups.
The first consists of businesses looking to streamline payment processes using user-friendly applications and APIs that offer improved control, efficiency, and flexible cash flow with extended credit lines.
The second group includes financial software companies, ERP providers, and banks aiming to enhance or launch credit card services.
Featured image credit: edited from freepik
