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Announced

Completed

SBI Investment led a $28m Series A funding round in Pliant.

Financials

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Transaction Value£22m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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FinTech

digital credit card

Venture Capital

Acquisition

Cross Border

Friendly

Private Equity

Private

Payments / Commerce

Single Bidder

Germany

Minority

Completed

Synopsis

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SBI Investment, an investment firm, led a $28m Series A funding round in Pliant, which offers companies a digital credit card solution for maximum flexibility and savings, with participation from Alstin Capital, Motive Partners, Commerzbank and MS&AD Ventures. "Pliant's vision and unique go-to-market have convinced us that Pliant has the potential to become a dominant B2B card provider,” Yoshitaka Kitao, SBI Investment Representative Director, Chairman and President.

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