StageSeries C - II | Alive
Last Raised$200M | 2 yrs ago
Mosaic Score The Mosaic Score is an algorithm that measures the overall financial health and market potential of private companies.
+10 points in the past 30 days
Pleo offers smart payment cards for employees, enabling them to buy the things they need for work and keeping the companies in control of spending. The company pairs the cards with software/mobile apps to automatically match receipts and track all spending company-wide in real-time, with analytics and accounting software integrations to boot.
Pleo's Product Videos
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Pleo's Products & Differentiators
Smart company cards
Commercial Mastercards (physical, virtual, Apple Pay, Google Pay) distributed across a business to whoever needs to buy something for work.
Research containing Pleo
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CB Insights Intelligence Analysts have mentioned Pleo in 15 CB Insights research briefs, most recently on Sep 29, 2022.
Expert Collections containing Pleo
Expert Collections are analyst-curated lists that highlight the companies you need to know in the most important technology spaces.
Pleo is included in 5 Expert Collections, including Banking.
Unicorns- Billion Dollar Startups
Companies and startups in this collection enable consumers, businesses, and governments to pay each other - online and at the physical point-of-sale.
250 of the top fintech companies transforming financial services
Latest Pleo News
Jun 1, 2023
External | what does this mean? This content is provided by an external author without editing by Finextra. It expresses the views and opinions of the author. Pleo launches auto top up functionality powered by JPMorgan payments 11 minutes ago Source: Pleo Fintech unicorn Pleo, which offers a smart business spending solution, has launched a simplified and automated way for users to top up their business spend accounts, powered by J.P. Morgan Payments. With Pleo’s smart business spend tool, businesses can enable employees to take ownership over their spending with company debit cards and an innovative app, whilst real-time data and insights are pulled together in the background to provide control over spending and full visibility for finance teams. Up until now available funds have been loaded onto Pleo accounts via bank transfer, an arduous process, taking several days to complete and requiring manual triggering by the account admin via their banking interface every time it is required. A key pain-point for businesses, Pleo saw an average of around half of all transactions declined due to lack of funds in the account, increasing over weekends and bank holidays. This not only results in missed opportunities but also potential disruption caused by late payments to services and tools within the business ecosystem. Pleo has now teamed up with J.P. Morgan Payments to enable auto account top up via direct debit, removing the hassle for customers of having to manually top up their wallets, thereby enhancing the customer experience. This will also ensure funds are always available for spend and therefore reduce declines due to insufficient funds. Pleo customers can now set a low balance threshold for each Pleo account and choose how much they would like to top up, once that limit is hit. When the account balance falls below the threshold, Pleo will automatically trigger a top-up of the confirmed amount, which can be paused or cancelled at any point. Despite the benefits of such a solution, Pleo’s auto-top up is unique against its competitors in the business spend sector. In the first two months since launch of the service, Pleo has seen 10% of its customers sign up to the service. Mette Gade, Pleo’s Chief Product Officer comments: ‘This next phase of Pleo’s work with J.P. Morgan Payments is a big step forward in our mission to simplify global business spend management. A piece of feedback we hear from many of our 25,000 customers is that manual processes steal their time away from important and more strategic work. So our goal is to take away this friction. Working with a trusted banking partner like J.P. Morgan Payments allows us to keep innovating whilst keeping our customers safe.’ Veronique Steiner, Head of EMEA High Growth Tech Sales, J.P. Morgan Payments added: ‘We are excited to bring our market leadership in payments automation to power Pleo’s innovative new spending solution. We are proud to be selected to support Pleo on the next step of their journey to provide best-in-class spending solutions to its clients’. Pleo customer Saltus Partners comments: “The auto top up functionality is a great way to make sure there are sufficient funds on Pleo, instead of me and colleagues in finance constantly having to keep an eye on the Pleo Wallet balance”. This is the start of an exciting roadmap for Pleo with product expansion firmly on the horizon. Auto-top up is currently live across all Pleo markets. Related Companies
Pleo Frequently Asked Questions (FAQ)
When was Pleo founded?
Pleo was founded in 2015.
Where is Pleo's headquarters?
Pleo's headquarters is located at Ravnsborg Tværgade 5C, Copenhagen.
What is Pleo's latest funding round?
Pleo's latest funding round is Series C - II.
How much did Pleo raise?
Pleo raised a total of $428.8M.
Who are the investors of Pleo?
Investors of Pleo include Founders, Creandum, Kinnevik, Seedcamp, Stripes Group and 13 more.
Who are Pleo's competitors?
Competitors of Pleo include Torpago, Pliant, Capital on Tap, Xpence, Mesh, Debite, Findity, Rydoo, Zevoy, Yokoy and 19 more.
What products does Pleo offer?
Pleo's products include Smart company cards and 4 more.
Compare Pleo to Competitors
Spendesk provides corporate spending solutions to control and manage payments. It provides a central dashboard to track budgets, receipts, and expense approvals and offers company cards with built-in controls. The company was founded in 2016 and is based in Paris, France.
Brex provides a business-to-business financial product. It offers a corporate credit card for technology companies, expense management, financial modeling, bill payment, business account, and more. It was formerly known as Veyond. It was founded in 2017 and is based in San Francisco, California.
Ramp offers credit cards for small and medium-sized businesses (SMBs). It provides companies with higher card limits, saving opportunities, automated expense management, receipt matching, and accounting integration. The company caters its services to startups, enterprises, and other entities. It was founded in 2019 and is based in New York, New York.
Payhawk operates as a spend management solution service provider for scaling businesses. It offers technology to enable finance teams to control and automate company spending at scale. It was founded in 2018 and is based in London, United Kingdom.
Soldo offers business-focused expense management solutions through integrated platforms. Its services include prepaid company cards with built-in budgets and rules, an employee expenses application that captures receipts and a management platform that helps businesses control costs and delegate payments. It was founded in 2014 and is based in London, United Kingdom.
Jeeves offers an expense management platform built for global businesses. It offers services including a corporate card in local currency with no fees or interest allowing firms to set up their financial function. It was founded in 2019 and is based in Orlando, Florida.
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