Check out the pitch deck credit-card fintech Pliant used to raise a $28 million Series A
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Check out the pitch deck credit-card fintech Pliant used to raise a $28 million Series A
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Pliant is a Berlin fintech that provides businesses with corporate credit cards.
The startup just raised a $28 million Series A, which was led by SBI Investment.
Insider has a copy of the pitch deck it used to raise the funds.
This is an edited, translated version of an article that originally appeared on February 17, 2023.
Pliant is a Berlin fintech that offers small and midsize businesses corporate credit cards.
Employees can use the cards to pay for things like business travel, web servers, and advertising space on Google. The cards usually have generous limits, which is useful for fast-growing startups since it means they don’t have to resort to inflexible bank loans, Malte Rau, who founded the company in 2020 with Fabian Terner, told Insider.
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“The past fiscal year was a very successful one for us,” Rau added.
Rau, a former KPMG consultant, said sales had quadrupled and customer growth had increased nearly sixfold over the past year. The company now has a five-figure number of credit cards in circulation across more than 1,500 small and midsize businesses, Rau added.
It recently raised a $28 million Series A financing round, which was led by the Japanese venture-capital firm SBI Investment. Alstin Capital, the Silicon Valley firm MS&AD Ventures, Motive Partners, and Commerzbank’s incubator fund, Neosfer, also took part in the round.
Pliant has not been profitable, Rau said, adding: “But with the money from the new financing round, we are getting close.”
The company now wants to invest in the product, among other things, he added.
