Pliant closes its seed round with 18 million euros
Only four months after announcing its first seed round, the Berlin-based corporate credit card provider Pliant closes with existing venture capitalists Alstin Capital, Main Incubator and Saber in the amount of €18 million.
Lead investor Alstin raises together with Main Incubator and Saber, finleap founder Ramin Niroumand participates with embedded/capital
Pliant's growth continues: sales have increased fivefold since August. The Berlin-based FinTech expands into further European markets and deepens its range of software integrations
Berlin, 20.12.2021. Only four months after announcing its first seed round, the Berlin-based corporate credit card provider Pliant closes with existing venture capitalists Alstin Capital, Main Incubator and Saber in the amount of 18 million euros. Participating in the round is the new FinTech fund embedded/capital of finleap founder Ramin Niroumand. With the funds, Pliant continues its growth course and expands into other European countries with its best-in-class approach for credit card solutions.
Pliant has a clear focus on technology leadership in card payments and offers its customers an optimal solution at best conditions, which can be combined with other best-in-class SaaS offerings, especially in the areas of accounting, travel expense and invoice management. In doing so, Pliant focuses more on software integrations and offers the most flexible credit card solution for companies in designing their financial processes. "Pliant has understood how to make a complex product marketable, which individually adapts to the needs, processes and structures of both scaling and established companies." emphasises founder and Managing Partner of embedded/capital Ramin Niroumand. Noel Zeh, Managing Partner of lead investor Alstin Capital adds: "Pliant has presented impressive figures and massive growth in recent months. For this reason, we have once again significantly increased our commitment . We look forward to continuing our cooperation with Malte and Fabian".
In addition to expanding the software integrations it offers, the Berlin-based fintech will primarily use the sum to expand into other European markets. Malte Rau, CEO & Co-Founder: "Since August, we have increased our sales fivefold. With the closing of the round, we can completely focus on expansion." Fabian Terner, CPO & Co-Founder adds: "For us, this commitment from our investors is proof that we are on the right track. We are entering a new phase of our growth plan with Pliant."
Pliant offers its customers a flexible digital corporate credit card solution that focuses on seamless integrations into existing processes and best-in-class solutions in addition to a fully digital card management and attractive cashbacks. The company was founded in 2020 by FinTech veterans Malte Rau and Fabian Terner in Berlin.