Berlin-based FinTech Pliant has acquired the Vienna-based Insurtech startup hello.well being to allow Pliant to use its cost experience to the insurance coverage sector whereas additionally gaining worthwhile industry-specific know-how.
This marks the corporate’s second acquisition following the acquisition of Friday Finance in 2023. hello.well being will proceed to function independently, whereas benefiting from Pliant’s assist and infrastructure to extend the energy, stability, and effectivity of its product providing.
“hello.well being has developed a formidable answer on the intersection of FinTech and insurance coverage. By embedding a cost possibility into the submission course of, they’re revolutionising what has historically been a cumbersome reimbursement workflow and creating actual worth within the course of. That’s precisely our ambition: to make advanced operational workflows digitally easy,” mentioned Malte Rau, CEO of Pliant.
Based in 2020, Pliant helps over 3,500 companies and greater than 20 companions globally. As a licensed e-money establishment (EMI), they situation Visa-powered bank cards in 11 currencies throughout greater than 30 nations, serving to firms streamline and simplify funds.
Their modular, API-first platform helps companies streamline spending, enhance money circulate, and combine funds into their monetary workflows. Designed for industries with advanced cost wants, comparable to journey and fleet, Pliant goals to allow higher effectivity, management, and profitability.
They serve two main buyer segments:
Corporations seeking to optimise operational processes by way of intuitive apps and APIs, gaining management, automation, and monetary flexibility by way of prolonged credit score strains.
Corporations comparable to monetary software program platforms, ERP suppliers, and banks that need tolaunch or improve their bank card choices utilizing Pliant’s embedded finance and white-label options.
Pilant has developed a digital interface between insurance coverage carriers and clients. Through the use of a cost card, insured people not should pay upfront and might submit invoices (e.g. healthcare invoices and prescriptions) for reimbursement instantly by way of a cell app.
hello.well being was based in 2019 by Fredrik Debong (Co-founder of mySugr) and Sebastian Gruber (previously McKinsey).
“Our partnership with Pliant permits us to suppose even larger about our mission. Collectively, we now have the chance to rework monetary processes within the insurance coverage and healthcare industries – eliminating the cumbersome reimbursement procedures and considerably enhancing the expertise for each customers and healthcare suppliers,” mentioned Sebastian Gruber, CEO and Co-founder of hello.well being.
This strategic acquisition reinforces Pliant’s technique of mixing a funds platform with deep {industry} know-how. Whereas Pliant already handles digital card and cost infrastructure for banks, the acquisition of hello.well being brings insurance-specific experience to the corporate.
