Latest news with #Visa-powered
Yahoo
29-04-2025
- Business
- Yahoo
B2B payments firm Pliant raises $40m in Series B financing
Pliant, a B2B payment solutions provider, has secured $40m in a Series B funding round, led by Illuminate Financial and Speedinvest. Current investors including PayPal Ventures and Motive Ventures also contributed to the round, bringing Pliant's total funding to over $100m. Set up in 2020, Pliant reported consecutive years of 'triple-digit revenue growth' and currently caters to 3,500 businesses across Europe. The company's platform is designed to streamline business payments for internationally operating companies across various sectors. Pliant CEO and co-founder Malte Rau said: 'We are proud to have reached this milestone and grateful for the continued support of our investors. We have proven that our platform delivers real value at scale. With a strong foundation in Europe, we are ready to bring our solution to the U.S. market.' Recently, Pliant acquired Austrian insurtech which allows the company to apply its payment solutions within the insurance industry. The fresh infusion will be used to support Pliant's expansion to the US market. The company seeks to invest in additional talent and infrastructure and anticipates its team will soon exceed 200 employees. In addition, Pliant revealed plans to extend its network of partners to reach more customers and to support a broader range of payment use cases. This includes a partnership with Commerzbank, which has contributed to the company's growth. Pliant holds a licence as an e-money institution (EMI) and has the authority to issue Visa-powered credit cards in 11 currencies across more than 30 countries. The company focuses on two primary customer segments - businesses looking to optimise payment processes through apps and APIs, and financial entities such as software companies, ERP providers, and banks. "B2B payments firm Pliant raises $40m in Series B financing " was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Associated Press
28-01-2025
- Business
- Associated Press
LQUID Finance Announces Launch of LQUID PAY: Bridging Traditional and Decentralized Finance
DUBAI, United Arab Emirates, Jan. 28, 2025 (GLOBE NEWSWIRE) -- LQUID Finance has introduced LQUID PAY, a self-custodian payment platform designed to simplify the use of digital assets in everyday transactions. This platform integrates blockchain technology with the convenience of a globally accepted Visa-powered card, allowing users to spend their digital assets seamlessly while maintaining full control over their funds. LQUID PAY addresses long-standing challenges in the financial world by enabling users to conduct transactions directly from their on-chain wallets. With automatic cryptocurrency-to-fiat conversions, the platform ensures a smooth and intuitive experience for users managing digital and traditional assets. The launch focuses on bridging the gap between traditional financial systems and the expanding Web3 ecosystem. Designed with inclusivity in mind, LQUID PAY brings decentralized finance to a wider audience, offering secure and transparent payment options. CEO, Shavez, shared his vision for the platform, stating, 'At LQUID Finance, we are committed to creating tools that make finance simpler and more accessible. LQUID PAY represents our step forward in empowering individuals and businesses to use digital assets effortlessly, securely, and globally.' The Asian market, home to the largest segment of cryptocurrency users, plays a key role in the launch. LQUID PAY is positioned to serve this market by eliminating barriers to the use of digital assets in real-world transactions. By prioritizing user control, transparency, and accessibility, LQUID PAY sets a new standard for financial tools in the digital era. About LQUID Finance: LQUID Finance is committed to redefining financial systems by integrating decentralized and traditional finance. With a focus on innovation, security, and accessibility, the company builds solutions that meet the needs of a rapidly evolving global economy. Media Contact Details Company Name: LQUID FINANCE
