Pliant, a trailblazing FinTech company, has closed a €33m Series A extension from a syndicate of investors including Molten Ventures, who joins the ranks of previous Series A backers such as SBI Investment, Alstin Capital, and Motive Ventures.
In a strategic move to bolster its financial standing, Pliant has also secured a €100m debt facility, setting a firm foundation for the year ahead.
Since its inception in 2020, Pliant has been at the forefront of redefining the credit card landscape. The company’s innovative approach focuses on offering smart, scalable payment solutions to businesses. With a suite of app and API-based services, Pliant enables companies to issue both physical and virtual credit cards, streamline payment processes, monitor expenditures, and integrate these functionalities seamlessly into their existing financial systems. This holistic approach has positioned Pliant as a leader in the FinTech space, offering a versatile and comprehensive financial toolset for growing businesses.
The recent funding will be instrumental for Pliant in expanding its operational reach and enhancing its product offerings. Having already made significant strides in 2023, such as the acquisition of the EMI license in Finland and the subsequent expansion to 25 countries within the European Economic Area (EEA), Pliant is geared to further its mission. The company’s ability to provide multi-currency transaction capabilities across 11 different currencies signifies a pivotal step towards catering to a diverse clientele with varied financial needs and preferences.
Reflecting on the company’s journey and achievements in 2023, Pliant’s CEO, Malte Rau, remarked, “Looking back at 2023, we are very proud of what the team has achieved, and despite the current market environment, we are still able to expand all over Europe and secure a significant Series A.”
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