Venture Capital: Citi Ventures invests in Berlin card fintech Pliant
The corporate credit card specialist is collecting $80 million from investors, among others from Citi. What strategic interest does the major bank have with the participation?
Pliant, a Berlin-based financial start-up, has secured $80 million in funding, led by investors Seaya Nova and Speedinvest. The company plans to use the funds to expand its business in North America and develop its AI capabilities. Pliant, which provides digital credit card solutions to businesses and travel companies, has also partnered with Citigroup, which has taken a stake in the company.
The funding round brings Pliant's total investment to date to over $120 million, and the company now aims to achieve profitability by 2028, having previously targeted 2027.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
