B2B payments firm Pliant raises $40m in Series B financing

GlobalData

Tue, Apr 29, 2025, 4:44 AM 2 min read

Pliant, a B2B outgo solutions provider, has secured $40m successful a Series B backing round, led by Illuminate Financial and Speedinvest.

Current investors including PayPal Ventures and Motive Ventures besides contributed to the round, bringing Pliant’s full backing to implicit $100m.

Set up successful 2020, Pliant reported consecutive years of “triple-digit gross growth” and presently caters to 3,500 businesses crossed Europe.

The company’s level is designed to streamline concern payments for internationally operating companies crossed assorted sectors.

Pliant CEO and co-founder Malte Rau said: “We are arrogant to person reached this milestone and grateful for the continued enactment of our investors. We person proven that our level delivers existent worth astatine scale. With a beardown instauration successful Europe, we are acceptable to bring our solution to the U.S. market.”

Recently, Pliant acquired Austrian insurtech hi.health, which allows the institution to use its outgo solutions wrong the security industry.

The caller infusion volition beryllium utilized to enactment Pliant's enlargement to the US market.

The institution seeks to put successful further endowment and infrastructure and anticipates its squad volition soon transcend 200 employees.

In addition, Pliant revealed plans to widen its web of partners to scope much customers and to enactment a broader scope of outgo usage cases.

This includes a concern with Commerzbank, which has contributed to the company's growth.

Pliant holds a licence arsenic an e-money instauration (EMI) and has the authorization to contented Visa-powered recognition cards successful 11 currencies crossed much than 30 countries.

The institution focuses connected 2 superior lawsuit segments - businesses looking to optimise outgo processes done apps and APIs, and fiscal entities specified arsenic bundle companies, ERP providers, and banks.

"B2B payments steadfast Pliant raises $40m successful Series B financing " was primitively created and published by Electronic Payments International, a GlobalData owned brand.