Pliant’s Post

Pliant raises $18 million from PayPal Ventures! #Pliant, the B2B credit card platform revolutionizing payment processes, just secured over €18 million in Series A extension financing, led by #PayPal Ventures. With existing backers SBI Investment, Motive Ventures, and Alstin Capital joining in, Pliant's Series A funding now surpasses €50 million! Pliant's stellar performance in 2023, where they doubled their annual revenues, and their continued momentum into 2024. Plus, they've expanded their reach across 25 countries in the European Economic Area, wielding their Electronic Money Institution (EMI) license to issue cards and offer tailored financial services. Meet Malte Rau, the CEO spearheading their expansion efforts. And now, with PayPal Ventures on board as a major shareholder, the sky's the limit. Ashish Aggarwal from PayPal Ventures praised Pliant's cutting-edge platform, solidifying their position as a leader in B2B payments across continental Europe. Pliant is gearing up for international expansion, kicking off with the UK market. Armed with multi-currency capabilities and partnerships with tech giants like Candis and mobilexpense, they're poised to disrupt the status quo and offer seamless payment solutions globally. The announce on #PayPalVentures website in the first comment. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

🦄 On a press release, dated 13th March 2024 on their company website, #fintech company PPRO, a leading local payments platform, has announced the completion of a dual tranche funding round totaling €85 million. 🌍 PPRO intends to use this latest funding to pursue growth in key markets and further enhance its global network of local payment methods. 🔍 PPRO provides digital payment solutions to businesses and banks so that they can scale their checkout, acquiring, and risk services through one connection. ⚫ Founded in 2006, the London based company impressively has more than 400 people working across 11 locations worldwide. 🔵 And has impressively partnered with Stripe, PayPal, Alipay, Adobe, Amadeus, Global Payments Inc., to name a few.... 💬 “PPRO had a stellar 2023, delivering record revenue.” said Rahul Raswant, Chief Financial Officer, PPRO. “Our focus on helping customers access new markets by creating seamless local payment experiences is validated by the strong demand we’re seeing, as well as by this infusion of capital which represents a real vote of confidence in PPRO’s growth prospects.” 🤺 Founded in 2006 by Philipp Nieland and Tobias Schreyer. 💸 The funding is provided by new and existing investors, including Eurazeo, HPE Growth, Sprints, PayPal Ventures, J.P. Morgan, Citi Ventures, and funds managed by BlackRock. 💬 “PPRO has set itself apart as a leader in the payments industry and is at the forefront of enabling businesses to sell goods and services to anyone in the world using their preferred way to pay,” added Anne-Charlotte Philbert, Managing Director – Growth at Eurazeo. “The company combines distinctive technology, robust financial performance with an exceptional management team, and is firmly on track to reach profitability. We are more enthusiastic than ever to continue our support of PPRO’s mission to simplify access to local payment methods.” 💬 “Since our first investment in 2018, PPRO has grown its market reach and prominence in the constantly evolving payments space,” commented James Loftus, Managing Partner, PayPal Ventures. “PayPal values our partnership with PPRO and we are proud to be part of its journey.” 🔻 Read PPRO's full press release here: https://lnkd.in/ef-tF8RE 🔦 We at the Swiss Chamber of Commerce in The Netherlands (SCCN) wish PPRO nothing but 💪 for 2024! . . . . Brought to you by The Digital Socialitez - Official digital marketing and social media management partner of Swiss Chamber of Commerce in The Netherlands (SCCN) . . . #Entrepreneurs #Startups #Investors  #Europeaninvestment   #Europeanfunding #Techgermany #GrowthFunding #ExpansionFunds

#Globalpayments #globalbusines #globalfintech: #PayPal's stablecoin gains allies to help position it for payments Payment firm BVNK is betting that PYUSD's potential to connect to PayPal's network of millions of consumers and businesses will make it more than another investment currency. Former teen model co-created app Frich to help Gen Z be more realistic about finances As a teen model, Katrin Kaurov became financially independent at a young age. Aleksandra Medina, whom she met at NYU Abu Dhabi, also learned to manage money early on. Fintech startup Forward grabs $16M to take on Stripe, lead future of integrated payments It’s a lofty goal to take on legacy payments infrastructure, however, Forward’s model has an advantage by shifting the economics back to SaaS companies. Europe: First alternative to Apple Wallet is ready to launch in EU The UK firm Curve claims it will be the first complete Apple Wallet alternative once Apple fully complies with the EU's requirement to allow rivals use of its iPhone NFC technology. Embedded finance startup Infinant Acquires Figure Pay’s Card Processing Technology Infinant, a banking technology provider enabling banks to launch alternative growth channels, announced today that it has completed a definitive agreement to purchase Figure Pay’s Card Processing Technology, built by Figure Technologies.

The growth is real and it is accelerating in the #FinTech space 🚀🔥 according to the F-Prime Capital Fintech Index. Over the past decade, fintech has surged with over $370 billion💰in global investments, propelling startups to enterprise scale and reshaping the landscape. Leading companies like Coinbase and Nubank are setting new standards with revenue exceeding $1 billion annually, while others like Stripe and Klarna hint at future IPOs. Additionally, up-and-comers like Remitly and Xero are poised to join the billion-dollar revenue club 🦄🦄, showcasing fintech's limitless potential. As rapid scaling becomes the expectation, plan for future diversification and ensure your fintech stack is portable and flexible to remain competitive and scalable. Check out Preczn Inc's offering and be ready for what's to come. #Fintech #Innovation #FutureOfFinance #FPrimeFintechIndex #Payments

The future of #FinTech is here, and it's all about making account-to-account mobile payments seamless! We're taking a deep dive into the innovative startups changing the game, and how they're shaking things up for the payments industry. One of those leading the charge is none other than Sway Money. Sway Money is transforming the way we make payments, by making account-to-account transactions easy, seamless, and free! Fast transactions, no risk of fraud, and no more chargebacks? Sounds like the dream digital payment solution we've all been waiting for. So let's take a look at how they're turning this dream into reality. Click the link below to read more! https://UKT.news/?p=13011 #MobilePayments #Payments #Startups #Innovation #SwayMoney

Global digital payments startup Stripe is looking to foray into the Indian payments ecosystem through a partnership with State Bank of India’s (SBI) payments subsidiary, SBI Payments Limited. The US fintech giant is seeking to enter a joint venture with State Bank of India, aiming to acquire a significant stake in SBI Payments Ltd, according to a Hindu Business Line report. Currently, SBI Payments is a joint venture between State Bank of India and Hitachi Payments Services Private Limited, with SBI holding a 74% stake and the remaining held by Hitachi. Stripe is keen on acquiring a 30%-40% stake held by SBI. The deal is anticipated to be carried out through Stripe’s Indian subsidiary, Stripe India Private Limited, which obtained an RBI license to operate as an online payment aggregator in January 2024. Introduced by the RBI in March 2020, the payment aggregator framework requires all payment gateway operators to obtain a license for acquiring merchants and implementing digital payment solutions. While discussions are ongoing with the Reserve Bank of India regarding the same, the report claims that the regulator has provided feedback to the global payments major on certain matters related to risk management and data protection. Moreover, Stripe is said to be addressing these aspects and will approach the regulator soon to secure approval for the investment in SBI Payments. Founded in 2010, San-Francisco-based Stripe grew from a single tool, code for developers to enable credit card payments on their site, to a large suite of billing, tax and other fintech tools. Last year, it raised $6.5 Bn funding at a $50 Bn valuation from GIC, Goldman Sachs Asset and Wealth Management and Temasek, among others. Globally, Stripe is one of the largest entities in the payments infrastructure sector, known for its strong presence in merchant acquisitions. Partnering with SBI would provide Stripe with the scale needed to make a dent in the payments market in India, which has a host of players. Just this year, more than 20 startups have received approvals from the RBI to set up their payments aggregator operations. . . . #wolfofstartup #stripe #sbipayments

'The fintech landscape in the UK is experiencing an exciting transformation, driven by a surge of innovative paytech startups. These companies are not only redefining the way we think about financial transactions but are also shaping the future of commerce, banking, and personal finance.' The ones to watch ⬇ Via TechRound #Fintech #Startups

Fintech startup Forward grabs $16M to take on Stripe, lead future of integrated payments Forward enables SaaS companies to reduce payment fees, saving them money. Started processing payments in Q4 2023, done a few million transactions since then. $16M seed financing led by Commerce Ventures, Elefund, Fiserv. #Fintech #Payments #SaaS #StartupSuccess #StripeAlternative

OpenTrade was founded by David Sutter and Jeff Handler to address the inefficiencies in global supply chains through the power of DeFi and payment stablecoins like USDC. Our goal is to change the way buyers and suppliers interact, and how lenders, particularly non-bank lenders, finance these vital networks. Why OpenTrade? 𝟮𝟰/𝟳/𝟯𝟲𝟱 𝗥𝗲𝗮𝗹-𝗧𝗶𝗺𝗲 𝗣𝗮𝘆𝗺𝗲𝗻𝘁𝘀: We enable round-the-clock, programmable, digital dollar payments across global supply chains, ensuring even the smallest suppliers benefit. 𝗥𝗲𝗱𝘂𝗰𝗲𝗱 𝗥𝗲𝗰𝗼𝗻𝗰𝗶𝗹𝗶𝗮𝘁𝗶𝗼𝗻 𝗖𝗼𝘀𝘁𝘀: By programmatically linking payments to invoices and other trade assets, we significantly cut down reconciliation expenses. 𝗘𝗻𝗵𝗮𝗻𝗰𝗲𝗱 𝗧𝗿𝗮𝗻𝘀𝗽𝗮𝗿𝗲𝗻𝗰𝘆: Our system provides real-time visibility into payment status, reducing billions of hours spent on resolving errors and discrepancies, and eliminating the need for constant follow-ups on payment statuses. 𝗦𝗲𝗮𝗺𝗹𝗲𝘀𝘀 𝗜𝗻𝘁𝗲𝗴𝗿𝗮𝘁𝗶𝗼𝗻: We eliminate the need for bespoke integrations with outdated banking networks. With a single account and integration, USDC holders can transfer dollars to anyone with an internet connection at the speed of the internet. What We Offer: 𝗟𝗲𝗻𝗱𝗶𝗻𝗴 𝗮𝗻𝗱 𝗬𝗶𝗲𝗹𝗱 𝗣𝗿𝗼𝗱𝘂𝗰𝘁𝘀 𝗮𝘁 𝗜𝗻𝘁𝗲𝗿𝗻𝗲𝘁 𝗦𝗰𝗮𝗹𝗲: Tailored for fintechs and institutional investors, our stablecoin lending and yield products are designed to meet the demands of modern finance. 𝗧𝘂𝗿𝗻𝗸𝗲𝘆 𝗗𝗶𝗴𝗶𝘁𝗮𝗹 𝗘𝘅𝗽𝗲𝗿𝗶𝗲𝗻𝗰𝗲𝘀: Build fully white-labeled and embedded lending and yield products for your business and customers effortlessly. 𝗦𝘂𝗽𝗲𝗿𝗶𝗼𝗿 𝗥𝗶𝘀𝗸-𝗔𝗱𝗷𝘂𝘀𝘁𝗲𝗱 𝗥𝗲𝘁𝘂𝗿𝗻𝘀: Our products are backed by investment-grade financial assets, ensuring predictable and superior risk-adjusted returns. 𝗖𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗥𝗲𝘁𝗲𝗻𝘁𝗶𝗼𝗻 𝗮𝗻𝗱 𝗚𝗿𝗼𝘄𝘁𝗵: Our solutions help you retain existing customers, attract new ones, and unlock new revenue streams, all with the comprehensive support you need. Learn more about why OpenTrade was founded:

Check out the key deals, funding rounds, and changes in the global fintech landscape, curated by our team. 𝐊𝐞𝐲 𝐞𝐯𝐞𝐧𝐭𝐬 𝐟𝐨𝐫 15-21.04 US SAP Rolls Out New Cloud Payment Solutions for Retailers. Tabs, an accounts receivable platform for B2B, has secured $7 million (led by Lightspeed Venture Partners). Klarna, Swedish BNPL, announced its plans to extend its credit card offering (issued by WebBank) to consumers in the US this year. Wintrust Financial Corporation acquires Macatawa Bank for $510m in an all-stock transaction. Stripe has raised $694.2 million via share sale to provide employee liquidity. SOUTH AMERICA Revolut, a global neobank, has secured a banking license in Mexico. Toku, a Chilean paytech, has raised $9.3 million in its latest round. Kamina, an Ecuadorian expenses tracking platform, raises US$3.2M. It claims to be the largest pre-seed round in the country’s history. EUROPE Flatpay, which builds point of sale and payment solutions for small and medium-sized businesses, raised €45m in Series B funding. Wagestream, a financial wellbeing app, raised £17.5m from investors. Pliant, a B2B credit card platform, raised €18m in Series A extension funding. Verify, which develops an AI algorithm that embeds an invisible fingerprint in images and videos to improve digital authenticity, raised €1m in funding. Bitpanda, a cryptocurrency platform, has partnered with Germany’s biggest federal bank Landesbank Baden-Württenberg so that it can start to offer crypto custody services.  Mimo, a financial management platform that automates B2B payments, raised £15.5m in funding.  Pactio, a private equity deal management platform, raised $14m in Series A funding.  TaxDown, which automates income tax filings by calculating regional deductions owed to users, raised €5m in funding.  TransferGo, a consumer platform for global remittances, raised $10m in funding from Taiwania Capital. Lemon, a SaaS and subscription management fintech, has raised £500,000 in pre-seed funding. The UK government is launching an industry-led open finance taskforce chaired by the Centre for Finance, Innovation and Technology (CFIT) to unlock the full potential of open finance. Stay tuned!