Pliant Expands with $40M Series B Financing Led by Illuminate and Speedinvest
Deal News | Apr 28, 2025 | Taylor Wessing
European FinTech Pliant GmbH has secured a $40 million Series B funding round led by venture capital firms Illuminate Financial and Speedinvest. The financing also saw participation from existing shareholders such as PayPal Ventures and Motive Ventures. The funds will support Pliant's expansion into the U.S. market. Taylor Wessing, a top-tier law firm, advised the lead investors on this investment. Pliant, known for its innovative B2B payment solutions, operates as a licensed e-money institution, issuing Visa-powered credit cards across multiple currencies and countries. The strategic capital infusion marks a new chapter for Pliant's growth, leveraging the expertise of both Illuminate Financial, a firm focused on B2B fintech, and Speedinvest, an early-stage VC powerhouse with a substantial asset base.
Sectors
- FinTech
- Venture Capital
Geography
- Europe – Pliant is based in Europe and has a strong presence in the region.
- United States – Pliant intends to use the Series B funds to expand into the U.S. market.
Industry
- FinTech – The article focuses on Pliant GmbH, a company operating within the financial technology sector, specializing in B2B payment solutions.
- Venture Capital – The article involves venture capital firms Illuminate Financial and Speedinvest, who led the Series B funding round for Pliant.
Financials
- $40 million – The total amount raised by Pliant in its Series B financing round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Pliant GmbH | Target Company | Company | A European fintech specializing in B2B payment solutions and a licensed e-money institution. |
| Illuminate Financial | Lead Investor | Company | A venture capital firm focused on B2B fintech and enterprise companies. |
| Speedinvest | Lead Investor | Company | An early-stage venture capital firm with over EUR 1 billion assets under management. |
| PayPal Ventures | Investor | Company | An existing shareholder in Pliant participating in the current funding round. |
| Motive Ventures | Investor | Company | An existing shareholder in Pliant participating in the current funding round. |
| Taylor Wessing | Legal Advisor | Company | A law firm advising Illuminate Financial and Speedinvest on the investment. |