Credit card FinTech Pliant snares $28m


Pliant, a German B2B credit card FinTech, has raised $28m in a Series A round headed by investor SBI Investment.

Also taking part in the round were Alstin Capital, Motive Ventures, MS&AD Ventures and Neosfer, which is the early-stage fund of Commerzbank.

Founded in 2020, Pliant offers companies the digital credit card solution for maximum flexibility and savings fully digital card and receipt management.

The company also offers a Pliant app as well as physical and virtual cards including cashback – and claims seamless integration into existing finance and accounting software is guaranteed.

The firm also offers a Pliant Earth feature, which gives its customers the opportunity to offset travel-related CO2 emissions automatically and through certified providers.

With the new capital, Pliant plans to build out the technological capabilities of its platform and enter new global markets. Last year, the firm expanded into seven European markets and claims its customer portfolio grew six-fold.

In 2021, Pliant raised $20m over its pre-seed and seed rounds. Following this recent funding, Pliant has now raised a total of $48m since inception.

Gimo, a FinTech startup from Vietnam, has closed its Series A funding round with an investment led by TNB Aura.

Founded in 2019, Gimo claims it strives to better the financial lives of the Vietnamese financially underserved, first with on-demand pay.

Currently, nearly 500,000 workers from approximately 100 businesses are getting on-demand access to their earned wages with Gimo, the firm claims.

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