Commerzbank Partners With Pliant For Corporate Credit Card Solution

German bank Commerzbank has added corporate cards to its card services. The bank is using technology from Pliant, a corporate-card-as-a-service provider, to give small and medium-sized business clients a corporate credit card option.

Starting in the third quarter of 2024, Commerzbank’s business customers can digitally manage both physical and virtual credit cards, as well as employee-issued credit cards. They will be able to integrate these new cards into their billing processes.

They Aim To Improve Financial Services For Small And Medium-Sized Businesses

Tobias Knoll, Commerzbank’s Head of Payment Methods and Value Stream Accounts, revealed the team’s effort in expanding its card product line. He stated that expanding its card product line shows its commitment to being Germany’s top choice for business customers. Commerzbank’s new digital credit card solution helps customers make their billing processes more efficient, saving both costs and time.

Pliant enables banks to issue both physical and virtual corporate cards. These cards allow clients to limit card usage based on time or purpose. It also sets individual limits for employees, tracks spending in real-time, and manages receipt capture and accounting tasks.

Pliant Chief Executive Officer Malte Rau stated that the team believes that long-term success can only be achieved by working with banks. Therefore, Pliant is excited to support Commerzbank, a strong partner for small and medium-sized business customers in Germany, with its innovative credit card option.

Commerzbank Seeks To Maintain Its Prominent Role In Germany’s Economy

Founded in 2020 and based in Berlin, Pliant has raised $180 million, including a recent $19 million Series A round led by PayPal Ventures. Last year, Pliant acquired the business financial management platform Friday Finance, but the amount was not disclosed.

Commerzbank AG is a big bank in Germany with offices and partners in local and international finance and banking. Its main office is in Frankfurt.

Being one of the oldest banks in Germany, Commerzbank is very important to the country’s economy. It is the biggest supporter of German foreign trade and has strong connections with the German’ Mittelstand’. It also has offices in all major economic and financial centers worldwide. Since it started in 1870, Commerzbank has gone through many changes. In 1971, it became the first German bank to open a branch in New York City.

Commerzbank does a wide range of commercial banking activities, focusing on foreign business, loans, and trading investments. It invests in various German businesses and also owns parts of banks and financial institutions in many other countries. It has branches, subsidiaries, and offices around the world that are fully connected with its operations.