What is Pleo?
Founded in 2015, Pleo provides a comprehensive suite of smart payment cards and integrated mobile software designed to streamline corporate expense management. By enabling real-time tracking, automated receipt matching, and granular spending controls, the platform addresses critical inefficiencies in enterprise financial operations. Pleo has effectively positioned itself as a vital tool for modern businesses seeking to digitize their procurement and reimbursement workflows, moving beyond traditional banking solutions to offer a more agile, data-centric approach to company-wide financial oversight.
How much funding has Pleo raised?
Pleo has raised a total of $471.4M across 6 funding rounds:
Angel/Seed
$3M
Angel/Seed
$3.3M
Series A
$16M
Series B
$56.1M
Series C
$350M
Debt
$43M
Angel/Seed (2016): $3M with participation from Speedinvest and Founders
Angel/Seed (2017): $3.3M led by Seedcamp, Creandum, and Founders
Series A (2018): $16M supported by Creandum, Seedcamp, Vaekstfonden, and Kinnevik
Series B (2019): $56.1M featuring Kinnevik, Creandum, Stripes, and Founders
Series C (2021): $350M backed by Bain Capital Ventures, Thrive Capital, Coatue, and Alkeon Capital Management
Debt (2024): $43M with participation from HSBC
Key Investors in Pleo
Creandum
Creandum is a leading European venture capital firm, supporting some of the most successful European technology companies such as Spotify, iZettle, Trade Republic, Pleo, Depop, Klarna, KRY, Epidemic Sound and Small Giant Games.
Kinnevik
Kinnevik is an industry-focused investment company with an entrepreneurial spirit, working in partnership with talented founders and management teams to create, invest in and lead fast-growing businesses.
Seedcamp
Seedcamp is a venture capital firm that supports early-stage startups by providing investment, mentorship, and access to a global network, focusing on ambitious founders and innovative companies.
What's next for Pleo?
The recent strategic financing signals a shift toward scaling operations and deepening market penetration within the competitive fintech landscape. By leveraging this capital, Pleo is well-positioned to enhance its product architecture, potentially integrating more advanced AI-driven analytics and expanding its footprint across international markets. As the company matures, the focus will likely remain on maintaining its competitive edge in the spend management sector while navigating the complexities of global financial compliance and enterprise-level service delivery.
See full Pleo company page
