About Pleo
Founded in Copenhagen in 2015 by Jeppe Rindom and Niccolo Perra, Pleo has grown rapidly as a business spend and expense management platform, offering smart cards, automated receipt capture, expense categorisation, and mobile and web apps.
The company has raised over $400m in funding from venture investors and secured additional debt financing; in FY2024, it reported 37% total revenue growth with 56% SaaS-revenue growth. Backed by major investors including Coatue, Alkeon, Bain Capital, and Kinnevik, Pleo is valued at around $1.7bn and continues to scale its team of nearly 900 employees across Europe.
Serving roughly 40,000 businesses across Europe, Pleo is expanding beyond core expense management with new cash-management and treasury tools, embedded-finance capabilities and deeper integrations with accounting platforms, positioning itself as a broader corporate spend and financial-operations hub for fast-growing companies.