Pliant Secures $40 Million In Series B Funding To Boost Growth

Pliant, a European fintech focused on B2B payments, has shared that it secured $40 million in a Series B funding round. The investment was led by Illuminate Financial and Speedinvest, with support from PayPal Ventures and Motive Ventures.

The team said this funding pushes Pliant’s total raised capital to over $100 million, although they have not shared the company’s current valuation.

Pliant Aims To Modernize Business Payments And Expand Across New Markets

The team explained that traditional business credit cards do not give companies the tools they need to manage spending, issue cards quickly, or link expense data with existing systems. Businesses often deal with missing data, delayed updates, and higher chances of fraud.

To solve this, Pliant built a platform that gives companies better control by letting them create physical and virtual cards, set detailed spending rules, collect receipts automatically, and connect easily with financial software.

Pliant mentioned that the new funding will be used to hire more talent and build out its global systems. The company’s team now includes people from more than 30 countries and is expected to grow soon. It is working with banks like Commerzbank to reach more users and offer a wider range of payment tools. Pliant has also started building teams and systems in the U.S. as part of its global growth.

The founders, Fabian Terner and Malte Rau, said they started Pliant after seeing how outdated and rigid traditional corporate card systems were. Their goal has been to build a scalable platform that allows for faster card issuance, smooth expense tracking, and strong system connections, cutting down on manual work and boosting transparency.

The company also reported strong results, serving 3,500 businesses across Europe and seeing triple-digit growth each year. Its platform has gained attention in the travel, banking, and card-as-a-service sectors. Pliant also shared that its purchase of hi.health, an Austrian insurtech company, will help it enter the insurance space and strengthen its payment services.

Pliant Wants To Bring Speed, Control, And Sustainability To Corporate Payments

The team pointed out that Pliant’s card system works fully online — from setup to reporting — and helps finance teams track spending in real time, set smart rules, and keep spending safe and compliant. The system also handles receipts, bookkeeping, and closing tasks more quickly and with fewer mistakes.

Pliant highlighted that it offers high credit limits, supports 11 currencies, and gives rewards such as cash back and savings on foreign payments. The platform also includes features like CO₂ offsetting for travel costs, showing the company’s focus on sustainability.

By offering an easy-to-use app, advanced APIs, and white-label services that let other companies add card features into their tools, Pliant stands out from both old and new competitors. It competes with companies such as Pleo, Spendesk, Ramp, SAP Concur, and others.

Konstantin Koenig from Illuminate Financial said that B2B payments are still full of slow steps and unclear systems. He believes Pliant is solving this by giving companies more control, speed, and insight. Tom Filip Lesche from Speedinvest added that the team has kept ahead of its goals, and their work is laying the groundwork for the future of corporate payments.