Seaya co-leads EUR 71 million funding round for German fintech Pliant

✦ Meridian Analysis

Seaya’s new technology mega‑fund Nova has co‑led a €71 million Series C round for German fintech Pliant, a transaction that is signed and now closed. The round was led jointly by Seaya and Speedinvest, with participation from Illuminate Financial, Motive Partners and Molten Ventures. Seaya, acting as a growth‑stage financial sponsor through its Nova vehicle, provides equity capital to fund Pliant’s international rollout, while the other investors add additional growth‑equity capacity. The mechanics are those of a typical late‑stage equity raise: new shares are issued to the investors, diluting existing shareholders but giving Pliant the cash needed to expand its AI‑enhanced B2B payment platform into the United States and Canada and to accelerate product development. Pliant, which has doubled its revenue for three consecutive years and now exceeds $100 million in annual recurring revenue, is positioned to serve a broad set of corporate, banking and fintech clients as they seek to automate and embed payments. Deal professionals will be watching for the valuation and multiple applied to the round, which were not disclosed, as well as the exact size of each participant’s commitment. Details on any accompanying debt component, the advisory banks involved and the timetable for Pliant’s North‑American market entry remain private, and will shape the next phase of the company’s growth.

The Meridian Weekly