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Pleo (company)

Pleo (company)

Pleo is a Copenhagen-based startup offering company credit cards and automated expense reports for businesses.

Overview

Pleo is a Copenhagen-based startup that offers company credit cards and automated expense reports for businesses. The company was co-founded in 2015 by Jeppe Rindom and Niccolo Perra, both formerly of cloud-based business network Tradeshift. Pleo allows companies to issue "smart" digital or physical company credit cards to their employees, while letting them keep track of expenses via the company's smartphone app and automated expense report tools. Physical Pleo cards are issued by Mastercard, while digital ones are used to make online purchases and are compatible with ApplePay and Google Pay.

Funding

Pleo has participated in a total of 6 funding rounds, the most recent being a $150 million series C round in July 2021 led by Bain Capital Ventures and Thrive Capital.

Timeline

December 9, 2021
Pleo raises a $200,000,000 series C round from Alkeon Capital Management, Bain Capital Ventures, Coatue Management, Creandum, Founders, Kinnevik, Seedcamp, Stripes Group and Thrive Capital.
December 2021
Pleo raises a $200,000,000 series C round from Alkeon Capital Management, Bain Capital Ventures, Coatue Management, Creandum, Founders, Kinnevik, Seedcamp, Stripes Group and Thrive Capital.
July 2021
Pleo raises a $150,000,000 series C round from Bain Capital Ventures, Creandum, Kinnevik AB, Seedcamp, Stripes Group and Thrive Capital.
April 21, 2021
Pleo raises a $100,000,000 series C round.
May 2019
Pleo raises a $56,000,000 series B round from Creandum, Founders, Kinnevik and Stripes Group.
May 2018
Pleo raises a $16,000,000 series A round from Creandum, Founders, Kinnevik and Seedcamp.
February 2017
Pleo raises a $3,300,000 seed round from Creandum, Founders and Seedcamp.
September 2016
Pleo raises a $3,000,000 seed round from Founders.
May 2016
Pleo raises a $600,000 seed round from Founders and Speedinvest.

Funding rounds

Patents

Further Resources

Title
Author
Link
Type
Date

News

Title
Author
Date
Publisher
Description
Ingrid Lunden
July 21, 2021
TechCrunch
Expense management has long been a pain point for employees and accounting departments: for many, tracking and parsing how money is spent on behalf of a company is just too bogged down in legacy software ill-equipped to handle more modern demands. Today, one of the startups building solutions to bring the process into the 21st [...]
FinSMEs
July 6, 2021
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Ingrid Lunden
July 6, 2021
TechCrunch
Whether you are part of the accounting department, or just any employee at an organization, managing expenses can be a time-consuming and error-filled, yet also quite mundane, part of your job. Today, a startup called Pleo -- which has built a platform that can help some of that work more smoothly, by way of a [...]
Ingrid Lunden
July 6, 2021
TechCrunch
Whether you are part of the accounting department, or just any employee at an organization, managing expenses can be a time-consuming and error-filled, yet also quite mundane, part of your job. Today, a startup called Pleo -- which has built a platform that can help some of that work more smoothly, by way of a [...]
Mike Butcher
April 21, 2021
TechCrunch
Late-stage Fintech startup Pleo, which offers expense management tools and 'smart' company Mastercards, says it plans to raise a Series C round of funding this summer. It's also launching a B2B bill payments service this week. Co-founder and CEO Jeppe Rindom told me via a call: "We have money until 2022, but we've seen incredible [...]
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References

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