A European fintech company, Pliant, has raised $40 million in a Series B funding round, solidifying its trajectory toward international growth. The funding comes as the company prepares to extend its business-to-business payments platform to the United States and diversifies its technology across various sectors. This initiative presents new opportunities for modernizing payment workflows while addressing inefficiencies observed in traditional finance. Additional insights suggest that strategic moves like these often stimulate broader market interest and improve operational performance.
Earlier reports from multiple sources confirm similar financing efforts in the fintech industry, with past updates noting smaller investments that paved the way for further scaling. The enhanced financial backing now supports Pliant’s pursuit of adapting its automated solutions for broader applications, including the insurance sector and travel services.
Will Pliant’s funding accelerate its US market entry?
The recent capital injection is expected to speed up the company’s expansion into the US market. Pliant plans to leverage its robust payments platform to offer services in sectors such as cards as a service and banking, enhancing transaction efficiency for corporate clients.
Can the acquisition boost hi.health’s service offerings?
The integration of hi.health, an Austrian InsurTech firm, is intended to streamline payment options within the insurance domain. By embedding payment functionalities into reimbursement operations, the new arrangement seeks to simplify processes inherent to insurance claims.
“B2B payments remain one of the most underserved and inefficient areas in global finance — still hindered by manual processes, opaque infrastructure and slow settlement cycles,”
remarked Konstantin Koenig, principal at Illuminate Financial, during the funding announcement.
Pliant, which originally launched in 2020, has solidified its platform by incorporating expertise in payment operations across various industries. Prior funding of $19 million, aided by PayPal (NASDAQ:PYPL) Ventures, marked an earlier phase that set the stage for the current expansion drive.
“By embedding a payment option into the submission process, hi.health is streamlining a traditionally cumbersome reimbursement workflow and creating tangible value,”
stated Pliant CEO Malte Rau in a recent press release regarding their latest acquisition.
“A payment might be due in 30 days, but buyers often pay later, making digital solutions beneficial as suppliers gain working capital advantages,”
added Dean Leavitt, CEO of Boost Payment Solutions, reflecting thoughts on evolving B2B payment practices.
The expanded funding and strategic acquisition signal a measurable shift toward increased automation in B2B payments. The initiative emphasizes addressing longstanding inefficiencies within financial workflows by integrating digital tools to better serve corporate clients. The developments in Pliant’s strategy provide a model that others in the fintech space may adopt for operational improvement and market expansion.
