Berlin-based corporate card platform Pliant has secured a $40 million Series B equity round to power its international growth, with a primary focus on expansion into the United States. The round was led by Illuminate Financial and Speedinvest, with continued backing from existing investors including PayPal Ventures and Motive Ventures.
This latest funding push follows a strong trajectory for the company. In April 2023, PayPal Ventures led a €18 million Series A extension to support Pliant’s move into the UK. With the new capital, Pliant’s total funding now reaches $100 million — a reflection of growing investor confidence in its model.
Pliant offers digital-first, flexible corporate cards designed for businesses to streamline their expenses and control payment workflows. The company now serves more than 3,500 businesses across Europe and reported triple-digit revenue growth over the past year.
In June 2023, Pliant inked a strategic partnership with Commerzbank to launch fully digital business credit cards. More recently, it acquired Austrian Insurtech hi.health, signaling plans to apply its payment tech across a broader spectrum of industries, including healthcare and insurance.
“Pliant is not just building a better credit card — they’re shaping the future of corporate payments,” said Tom Filip Lesche, partner at Speedinvest. “We’re excited to back a team that continues to outperform expectations and drive real innovation.”
CEO and co-founder Malte Rau added, “With a solid base in Europe, we’re excited to take our proven solution into the U.S. market. This funding milestone validates the impact we’ve created and positions us for our next phase of growth.”