Check out the pitch deck credit-card fintech Pliant used to raise a $28 million Series A
The startup just raised a $28 million Series A, which was led by SBI Investment.This is an edited, translated version ofPliant 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. Rau, a former KPMG consultant, said sales had quadrupled and customer growth had increased nearly sixfold over the past year.
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."
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