Pleo

Pleo

Spend management platform for businesses

About Pleo

Simplify's Rating
Why Pleo is rated
B
Rated B on Competitive Edge
Rated B on Growth Potential
Rated B on Differentiation

Industries

Fintech

Financial Services

Company Size

1,001-5,000

Company Stage

Debt Financing

Total Funding

$466.1M

Headquarters

Copenhagen, Denmark

Founded

2015

Overview

Company Does Not Provide H1B Sponsorship

Pleo offers a spend management platform designed to help businesses manage their financial transactions more effectively. The platform allows users to handle various aspects of spending, including expenses, reimbursements, invoices, and budgets, all in one place. Pleo simplifies the payment process and provides tools for optimizing spending, making it easier for companies to maintain financial efficiency. Unlike many competitors, Pleo focuses on user-friendliness and has gained a strong reputation in Europe, with over 37,000 companies using its services. The goal of Pleo is to empower businesses to turn their spending into a strategic advantage, helping them achieve better financial control and success.

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Simplify's Take

What believers are saying

  • Pleo's customer base grew 39% in 2023, boosting revenue by over 50%.
  • Pleo's UK market accounts for 40% of its revenue, showing strong regional performance.
  • Pleo secured €40m from HSBC to expand credit offerings and support cash-flow management.

What critics are saying

  • Kinnevik reduced Pleo's valuation by 25% in 2024, indicating investor concerns.
  • Economic uncertainty in the UK may impact Pleo's largest market revenue.
  • Pleo's restructuring and cost-cutting could affect operational efficiency and morale.

What makes Pleo unique

  • Pleo integrates Taktile's AI for advanced fraud detection and AML capabilities.
  • Pleo's treasury tools offer multi-currency accounts and FX trades for global businesses.
  • Pleo automates accounts payable with Pleo Invoices, enhancing spend management solutions.

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Funding

Total Funding

$466.1M

Above

Industry Average

Funded Over

5 Rounds

Notable Investors:
Debt funding comparison data is currently unavailable. We're working to provide this information soon!
Debt Funding Comparison
Coming Soon

Benefits

Health Insurance

Paid Parental Leave

Access to LinkedIn Learning

Flexible Work Hours

Your own Pleo card

Lunch is on us

Growth & Insights and Company News

Headcount

6 month growth

↑ 0%

1 year growth

↑ 0%

2 year growth

↑ 0%
FF News
Mar 21st, 2025
Pleo Partners With Taktile'S Ai-Driven Solution To Enhance Fraud Detection And Aml Capabilities

Pleo, the leading financial platform for businesses, has announced a strategic partnership with Taktile, a category-defining decision automation platform. By integrating Taktile’s advanced technology, Pleo is strengthening its anti-money laundering (AML) and fraud detection capabilities. As Pleo continues to scale – providing over 37,000 businesses with a seamless and secure financial platform – so does the complexity of the transactions it processes.By leveraging Taktile’s advanced AI and machine learning technology, Pleo is able to detect fraud, analyse transaction patterns, stay ahead of emerging threats and prevent financial crime with enhanced precision and speed —all while ensuring the highest levels of security and compliance.The bespoke tools offered through this partnership are designed to give Pleo the agility to quickly adapt and evolve its fraud detection methods as new, sophisticated fraud patterns emerge. This has become increasingly important in an AI world. Despite the ability of AI to help teams predict and prevent financial crime with remarkable accuracy, the technology also gives bad actors the tools to develop increasingly sophisticated attacks. By working with a dynamic solution like Taktile, Pleo can stay one step ahead of those attempting to abuse financial systems, all while ensuring a seamless experience for all its usersThe integrated partnership with Taktile brings key benefits to Pleo including:● Predictive, risk-based monitoring: Transactions are analysed in real-time, easily adapting to emerging fraud patterns.● Fewer false positives: Customers can make purchases with less unnecessary friction.● Stronger compliance: Pleo’s system meets evolving regulatory requirements across key markets in the UK and Europe.● Protection as customers scale: As criminals become more sophisticated, so do Pleo’s AI-powered tools, ensuring continued security as customers grow.Hannah Becher, Senior Lead of Decision Intelligence at Pleo, commented, “When evaluating potential partners for our risk management solution, Taktile quickly emerged as the right choice

FF News
Mar 21st, 2025
Pleo Partners With Taktile’S Ai-Driven Solution To Enhance Fraud Detection And Aml Capabilities

Pleo, the leading financial platform for businesses, has announced a strategic partnership with Taktile, a category-defining decision automation platform. By integrating Taktile’s advanced technology, Pleo is strengthening its anti-money laundering (AML) and fraud detection capabilities. As Pleo continues to scale – providing over 37,000 businesses with a seamless and secure financial platform – so does the complexity of the transactions it processes.By leveraging Taktile’s advanced AI and machine learning technology, Pleo is able to detect fraud, analyse transaction patterns, stay ahead of emerging threats and prevent financial crime with enhanced precision and speed —all while ensuring the highest levels of security and compliance.The bespoke tools offered through this partnership are designed to give Pleo the agility to quickly adapt and evolve its fraud detection methods as new, sophisticated fraud patterns emerge. This has become increasingly important in an AI world. Despite the ability of AI to help teams predict and prevent financial crime with remarkable accuracy, the technology also gives bad actors the tools to develop increasingly sophisticated attacks. By working with a dynamic solution like Taktile, Pleo can stay one step ahead of those attempting to abuse financial systems, all while ensuring a seamless experience for all its usersThe integrated partnership with Taktile brings key benefits to Pleo including:● Predictive, risk-based monitoring: Transactions are analysed in real-time, easily adapting to emerging fraud patterns.● Fewer false positives: Customers can make purchases with less unnecessary friction.● Stronger compliance: Pleo’s system meets evolving regulatory requirements across key markets in the UK and Europe.● Protection as customers scale: As criminals become more sophisticated, so do Pleo’s AI-powered tools, ensuring continued security as customers grow.Hannah Becher, Senior Lead of Decision Intelligence at Pleo, commented, “When evaluating potential partners for our risk management solution, Taktile quickly emerged as the right choice

The Fintech Times
Mar 20th, 2025
This Week in Fintech: TFT Bi-Weekly News Roundup 20/03

Pleo, the financial platform for businesses, has partnered with Taktile, a decision automation platform.

Tech.eu
Feb 4th, 2025
Investor Slashes Value Of Pleo Stake By 25 Per Cent Year-On-Year

An investor in expenses management platform unicorn Pleo has cut the value of its stake by over 25 per cent year-on year, according to a new report.Kinnevik, which holds a 14 per cent stake in Denmark-founded Pleo, valued the stake at SEK 2445m ($227m) in Q4, 2024, a 26 per cent cut compared to the SEK 3293m ($298m) value the year previous.This cut gives Pleo an implied valuation of around $1.62bn in Q4, 2024, compared to a $2.13bn valuation the year previous.The Swedish firm also cut the value of its stake in Pleo by 10 per cent between Q3, 2024 and Q4, 2024.Pleo, founded in 2015, achieved star status in 2021 when it became the fastest Danish startup to reach unicorn status, in just six years.The Danish startup, which has raised more than $430 million in funding, provides European businesses with various spend management tools including company cards, employee expense reports, as well as credit products.In 2021, it raised $150m at a $1.7bn valuation, and six months later raised another $200 million at a valuation of $4.7 billion, making it one of the more valuable fintech startups in Europe.In the report, Kinnevik said Pleo grew between two and three times faster than its SaaS benchmarks last year with above average gross margins.It added:“Profitability improvement measures over the past years have shown good results, and in 2025 Pleo plans to accelerate investment in product and market expansion. “This leads to stalling margin improvements in 2025, but is expected to create a larger and stronger business in 2026 and beyond.”Last month, Pleo moved into the treasury space, rolling out a suite of tools.Meanwhile, Kinnevik has upped the value of its 15 per cent stake in TravelPerk by 66 per cent year on year, giving it an implied valuation of $2,26bn.Pleo did not respond to a request for comment

FF News
Jan 28th, 2025
Pleo Enters The Treasury Space To Address The Lack Of Financial Agility In Uk Business

UK businesses anticipate another tough year in 2025, according to new research from Pleo, one of Europe’s leading business spend management platforms.Pleo’s latest research found that the majority of UK businesses (56%) expect 2025 to be tougher than 2024. Despite this, the study of 3,250 finance leaders across Europe reported that 2 in 5 (37%) UK leaders lack confidence in their business’s current level of financial agility. This reveals a worrying trend that many companies are unprepared to face the economic difficulties they anticipate will impact business performance in 2025.In response to this growing need for better financial visibility and control, Pleo is expanding into the treasury space with the upcoming launch of its cash management solution. The suite of treasury tools will be rolled out throughout this year, starting with a financial dashboard giving businesses a consolidated overview of their funds. This will then be followed by multi currency accounts and FX trades, automation for cash management and monitoring, configurable alerts, sub-accounts and treasury accounts generating yield. New and existing customers will be invited to gain early access to these tools during the first half of 2025.Manual tasks holding businesses back from mission-critical workThe UK’s economic outlook remains uncertain in 2025, and 3 in 4 (76%) UK finance leaders say that stress-testing their business’s financial health has never been more important

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