Pleo

Leading corporate card and expense management platform.

The Story

Founded in 2015 and headquartered in Copenhagen, Denmark, Pleo is a rapidly-growing corporate card and expense management provider for small-to-medium-sized businesses in Europe. In contrast to current offerings from expense software and corporate card providers, Pleo aims to eliminate all manual processes by delivering a fully unified charge and reconciliation experience.

Pleo enables its customers to permission corporate cards to all employees within the company, distributing purchasing power and autonomy across the enterprise while maintaining control via real-time spending visibility and robust functionality around spending limits and approvals. Purchases made using the virtual or physical cards are processed through Pleo’s intuitive, easy-to-use expense management software in real-time, eliminating the need to manually complete expense reports.

As Stripes got to know CEO and Co-Founder Jeppe Rindom, we became increasingly impressed with the company’s ambitious vision to revolutionize business spending. When Pleo decided to raise growth financing in 2019, Stripes was chosen due to our team’s software and financial technology expertise and experience helping scale global businesses with our recruiting and business development capabilities. We are excited to partner with Jeppe, Niccolo, and the rest of the Pleo team on their mission to build a category defining company.