Berlin-based Pliant, a B2B credit card platform, announced that it has raised €26M in a Series A round of funding led by Japanese fintech investor SBI Investment.
Existing investors Alstin Capital, Motive Ventures, and Commerzbank’s early-stage fund neosfer, as well as new investors MS&AD Ventures, also participated in the round.
The German company says it intends to deploy the funds to deepen and expand the technical capabilities of its B2B credit card platform and to expand its go-to-market approach across additional geographies.
Founded in 2020 by Malte Rau and Fabian Terner, Pliant offers modern corporate credit cards.
The company’s card management platform allows for the flexible setting of card limits, and real-time reporting, and can integrate with the existing setup of accounting and travel expense management tools and processes.
The German company offers Visa credit cards, both virtual and physical.
In the case of physical cards, customers can choose between Blue (Visa Platinum Business) and Black (Visa Infinite Business credit cards).
Pliant says it is neither a prepaid nor a debit card and, therefore, is bank account independent and does not need to be charged in advance.
The company claims that its Visa cards are accepted by over 40M online and offline retailers in over 200 countries.
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