Pliant expands seed round to 18 million euros

Within four months, the start-up for corporate credit cards was able to quintuple its sales. The investors now followed up.

Just this August, Pliant raised the equivalent of €5.7 million. Now the Berlin-based start-up expanded its seed round to 18 million euros. Carsten Maschmeyer's fund Alstin Capital led the round. Finleap founder Ramin Niroumand participated for the first time with his fund Embedded/Capital. Commerzbank's Main Incubator and Saber have invested again.

"Since August, we have increased our sales fivefold. With the closing of the round, we can completely focus on expansion," says CEO and co-founder Malte Rau. It is not yet known in which countries Pliant wants to expand. According to information from Handelsblatt's the start-up will announce this at the beginning of next year.

Malte Rau and Fabian Terner founded Pliant in 2020 in Berlin. The start-up offers credit cards for companies. All expenses and receipts are collected in a management tool that can also be linked to previous accounting software and travel expense solutions. In addition, corporate customers receive cashbacks when paying with the card.