Pliant Raises $40M Series B to Take on U.S. Corporate Card Market
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Berlin-based FinTech Pliant has secured $40M in Series B funding, led by Illuminate Financial and Speedinvest, with backing from PayPal Ventures and Motive Ventures — pushing total funding beyond $100M.
Founded in 2020, Pliant is on a mission to modernize B2B payments with a modular, API-first card platform that already powers 3,500+ businesses across Europe. Following its acquisition of Austrian insurtech hi.health, the company now sets its sights on the U.S. market.
“We’re not just building a better credit card — we’re building the future of corporate payments,” said Tom Filip Lesche, Partner at Speedinvest.
CEO Malte Rau added, “With a strong foundation in Europe, we’re ready to bring our platform to the U.S.”
The fresh funding will fuel U.S. expansion, team growth past 200 employees, and deeper partnerships like the one with Commerzbank to expand payment use cases even further.
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DIGITAL BANKING NEWS
🇺🇸 European FinTech Pliant banks $40M to build the future of corporate card infrastructure. Pliant is utilising this new capital to enhance its talent and infrastructure in preparation for global expansion. The team, currently comprising 170 people from 35 nationalities, is expected to expand beyond 200 soon.
🇧🇷 Automatic Pix enters the Central Bank's testing phase. This phase, known as "homologatory testing," began on April 28, 2025, and involves all service providers within the Instant Payment System (SPI) to ensure the system functions correctly before its official release.
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🇮🇹 Mediobanca hits back in Italy's bank M&A war with $7 bln Banca Generali bid. The 13% stake dates back to the 1950s and makes Mediobanca the biggest Generali investor. It has led the Milanese bank to clash with the other two major shareholders: construction magnate Francesco Gaetano Caltagirone and Delfin.
🇵🇱 Erste in talks with Santander to buy 49% of its Polish unit. A potential divestment in Poland would come at a moment when Santander is expanding its U.S. footprint in corporate and investment banking and with its digital offering, Openbank.
🇵🇭 Uno Digital Bank adopts new loan system to boost lending agility. The implementation is intended to address challenges the lending sector faces, such as increased operational complexity and the need to quickly adapt to changing market dynamics and regulatory requirements.
🇩🇪 N26 to offer mobile service to boost growth. The company is seeking to expand beyond its core offerings and main markets, and is planning to break even or be slightly profitable this year.
🇷🇴 ING Bank says that through Home'Bank for iPhone and Android it has launched the Security Kit, a collection of tools designed to strengthen account protection against fraud attempts. Also, it will continue to offer customers the most advanced digital banking solutions in Romania.
🇺🇸 Citizens State Bank and Apiture to optimise the digital banking experience. CSB aims to introduce business banking tools such as augmented cash management and expanded payment capabilities. These tools allow customers to manage their finances more conveniently through extended access.
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