Munich—Global law firm Dentons has advised Berlin-based fintech Pliant GmbH on the formation of a strategic partnership with Vereinigte Volksbank Raiffeisenbank eG (VVRB). The new collaboration strengthens Pliant’s financial position, increasing its total capacity for providing credit lines to a total of €200 million. Furthermore, it enables the company to offer credit lines in all EEA currencies as well as US dollars and British pounds across all 30 countries within the European Economic Area (EEA). This makes Pliant the first digital card provider offering credit lines in 11 different currencies and allows Pliant's customers to bill in the same currency in which their transactions are settled.

Pliant was founded in 2020 as a digital credit card platform that enables companies to optimize their payment processes. With app-based solutions, Pliant offers businesses the ability to issue physical and virtual credit cards, automate payment processes, track spending, and seamlessly integrate this data into their finance stack.

A cross-border Dentons team led by Munich-based Banking and Finance partner Dr. Matthias Eggert advised Pliant on all financial law matters under German, English and Luxembourg law. In Germany, the team was supported by Shirin Piroth-Amiri (Associate), while partner Dr. Holger Schelling provided Banking Regulatory advice. In Luxembourg, the team was led by Banking and Finance partner Stéphane Hadet, supported by Christian Azoulay (Associate) and Lars Weineck (Head of Anti-Money Laundering). London-based Banking and Finance partner Peter Voisey advised on UK law.

About Dentons

Redefining possibilities. Together, everywhere. For more information visit dentons.com