Pleo

Company Overview

Pleo is a fintech company based in Copenhagen, founded in 2015. It offers an all-in-one business spending platform designed to simplify expense management for teams across Europe. Pleo provides smart company cards, both physical and virtual, along with a mobile app that automates receipt matching and tracks spending in real-time. The platform integrates seamlessly with accounting software like Xero, QuickBooks, and NetSuite. Recognized as Europe’s leading business spending solution, Pleo serves around 25,000 to 40,000 companies, primarily targeting small and medium-sized enterprises, tech companies, and finance teams. The company has grown significantly, becoming a unicorn in 2021 with a valuation of $4.7 billion and employing between 501 and 1,000 people across various markets. Pleo generates revenue through subscription fees and transaction fees from the spending on its cards, aiming to make spend management efficient and empowering for businesses.