Pliant raises $40m Series B to expand B2B Payments to U.S.

By Gloria Methri

European B2B payments FinTech Pliant has announced the close of a $40 million Series B equity round, bringing its total funding to over $100 million since its founding in 2020. The funding will support the company’s planned expansion into the United States.

The round was led by Illuminate Financial and Speedinvest, with participation from existing backers PayPal Ventures and Motive Ventures. According to the company, the funds will be used to expand its international operations and support growth initiatives.

Pliant currently serves approximately 3,500 businesses across Europe and has reported multiple years of triple-digit revenue growth. It offers a payment platform tailored for enterprises operating across various industries, with particular traction in sectors such as travel, banking, and card services.

As part of a strategy to broaden its industry reach, Pliant recently acquired hi.health, an Austrian InsurTech firm. The acquisition is designed to expand Pliant’s payment capabilities into the insurance sector.

“We are proud to have reached this milestone and grateful for the continued support of our investors. We have proven that our platform delivers real value at scale. With a strong foundation in Europe, we are ready to bring our solution to the U.S. market,” said Malte Rau, CEO and co-founder of Pliant.

In preparation for scaling globally, the company is expanding its workforce and infrastructure, with plans to grow its team to over 200 employees. Pliant is also pursuing partnerships to support its expansion, including a recent collaboration with Commerzbank aimed at broadening its customer base and payment use cases.

The Series B round comes as Pliant begins laying the groundwork for its U.S. market entry.