Pliant raises $80 million Series C to expand B2B payments across Europe
The German fintech said the round will support expansion of its corporate-card and spend-management platform.
German B2B payments company Pliant announced November 6 that it raised $80 million in Series C funding to expand its corporate-card and spend-management platform across Europe.
Pliant provides card and expense tools for businesses that want to issue and manage corporate spending through software. The company said the financing will support expansion of its platform and geographic reach.
Corporate-card software can make spend controls and reconciliation more visible, but the economics still depend on interchange arrangements, credit limits, settlement, expense-policy adoption and the terms of the underlying program. A software interface does not remove credit, fraud or treasury risk.
The funding announcement did not disclose a post-money valuation, customer-level revenue or a forecast for card volume. The round supports expansion; it is not evidence of guaranteed savings or adoption for every business.