Pliant aims to use the new funding to further support its growth. Credit: stevepb from Pixabay.

German B2B credit card platform Pliant has secured an investment of $28m in its new Series A round led by Japanese investor SBI Investment.

The round was also joined by the company’s existing investors Alstin Capital, Motive Ventures and Commerzbank’s early-stage fund neosfer as well as new investors MS&AD Ventures and others.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Pliant aims to use the new funding to further support its growth.

Pliant co-founder Malte Rau said: “Winning SBI Investment as an experienced fintech investor to lead the round is great validation of our approach.”

Founded 2020, Pliant currently offers Visa credit cards.

The fintech startup’s B2B credit card platform has been designed to help firms to improve their payment procedures using physical and virtual credit cards, which can be easily incorporated into the firm’s current financial processes and software.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Partners of Pliant in the financial software market can also embed the firm’s B2B credit card options into their current product portfolio.

SBI Investment representative director, chairman and president Yoshitaka Kitao said: “Pliant’s vision and unique go-to-market have convinced us that Pliant has the potential to become a dominant B2B card provider.”

The latest investment follows an announcement made by Pliant about its expansion into Austria.

The move represented the firm’s first international expansion and was aimed at tapping entities with high credit card spending, irrespective of the size of their workforce.