Pleo - About the company
Pleo is a series C company based in Copenhagen (Denmark), founded in 2015 by Jeppe Rindom and Niccolo Perra. It operates as a SaaS-based provider of expense management solutions for business travel. Pleo has raised $434M in funding from investors like Bain Capital Ventures, Thrive Capital and Creandum, with a current valuation of $4.7B. The company has 95 active competitors, including 19 funded and 18 that have exited. Its top competitors include companies like Marqeta, Concur and Spendesk.
Sectors and market segments that Pleo operate in
Pleo serves in the B2B, SaaS space in the FinTech, Travel and Hospitality Tech market segments.The primary business model of Pleo are:Company Details
SaaS-based provider of expense management solutions for business travel. They provide solutions that include automated expense reports, accounting tools, receipt matching, accounting integration, fraud detection, and more. It provides corporate expense cards to employees, linked to a mobile app. It also offers real-time notifications, categorization of purchases, and integration with accounting systems. It offers an app-based platform that is available on iOS and Android devices.
- Website
- Social
- Email ID
- @pleo.io, @pleo.io
- Registered Address
- BERKELEY HOUSE,304 REGENTS PARK ROAD,LONDON,ENGLAND,N3 2JX
Key Metrics
Founded Year
2015
Location
Copenhagen, Denmark
Stage
Series C
Total Funding
in 9 rounds
Latest Funding Round
Post Money Valuation
as on Dec 09, 2021
Investors
Ranked
4th among
Annual Revenue
as on Dec 31, 2023
Employee Count
as on Nov 30, 2024
Similar Companies
&
Legal entities associated with Pleo
Pleo is associated with 4 legal entities given below:
Legal Entity Name | Date of Incorporation | Revenue | Latest Employee Count | Documents |
|---|---|---|---|---|
CIN: 7466124 United Kingdom, Deadpooled | Dec 09, 2010 | - | - | |
CIN: 39114127 Denmark, Active | Nov 19, 2017 | $82M (as on Dec 31, 2023) | 711 (as on Dec 31, 2022) | - |
Oct 16, 2018 | - | 139 (as on Dec 31, 2023) | ||
CIN: 36538686 Denmark, Active | Feb 02, 2015 | - | 149 (as on Nov 30, 2024) | - |
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Pleo's funding and investors
Pleo has raised a total funding of $434M over 9 rounds. Its first funding round was on Oct 05, 2015. Its latest funding round was a Conventional Debt round on May 02, 2024 for $42.7M. 1 investor participated in its latest round, which include Kinnevik, Thrive Capital, Bain Capital Ventures and Founders Fund.
Pleo has 17 institutional investors including Bain Capital Ventures, Thrive Capital and Creandum.
Here is the list of recent funding rounds of Pleo:
Date of funding | Funding Amount | Round Name | Post money valuation | Revenue multiple | Investors |
|---|---|---|---|---|---|
May 02, 2024 | $42.7M | Conventional Debt | - | - | |
Nov 27, 2021 | $200M | Series C | $4.7B | - | |
Jun 29, 2021 | $150M | Series C | $1.52B | - |
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Pleo's founders and board of directors
The founders of Pleo are Jeppe Rindom and Niccolo Perra.
Here are the details of Pleo's key team members:
- Jeppe Rindom: Co-Founder & CEO of Pleo. They are also an angel investor in 5 startups and serve on the board of 1 company.Contact Info:
- Niccolo Perra: Co-Founder of Pleo. They are also an angel investor in 1 startup and serve on the board of 1 company.Contact Info:
Pleo's Board of Directors
Pleo's board has 9 active members. Jeppe Rindom, Niccolo Perra, and are part of team and Bjarke Klinge Staun, , , and are independent board members.Here is the list of Pleo's board of directors:
Name | Type | Representing | Status | Duration |
|---|---|---|---|---|
Team | - | Current | 9y 8m | |
Team | - | Past | 4y 4m | |
Team | - | Current | 8y 5m | |
Team | - | Past | 0y 5m | |
Independent board member | - | Current | 8y 5m | |
Independent board member | - | Current | 9y 8m | |
Independent board member | - | Current | 8y 5m | |
Independent board member | - | Past | 1y 2m | |
Independent board member | - | Past | 0y 5m |
View details of
Pleo's employee count trend
Pleo has 149 employees as of Nov 24. The total employee count is 19.0% lower than what it was in Nov 23. Here is Pleo's employee count trend over the years:
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Pleo's Competitors and alternates
Top competitors of Pleo include Marqeta, Concur and Spendesk. Here is the list of Top 10 competitors of Pleo, ranked by 秘密研究所 score:
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Overall Rank | Company Details | Short Description | Total Funding | Investors | 秘密研究所 Score |
|---|---|---|---|---|---|
1st |  Marqeta 2010, Oakland (United States), Public | SaaS-based expense management solutions for businesses | $528M | HTIF, Goldman Sachs听&补尘辫;听 | 74/100 |
2nd | Concur 1988, Bellevue (United States), Acquired | SaaS-driven corporate travel expense & invoice management solution | - | Credit Suisse, IVP听&补尘辫;听 | 74/100 |
3rd | Provider of prepaid cards for financial benefits of employees | $304M | General Atlantic, Eight Roads Ventures听&补尘辫;听 | 72/100 | |
4th |  2015, Copenhagen (Denmark), Series C | SaaS-based provider of expense management solutions for business travel | $434M | Kinnevik, Thrive Capital听&补尘辫;听 | 70/100 |
5th | W.A.G. payment solutions 1995, Prague (Czech Republic), Public | Fuel and toll payment prepaid cards provider | - | TA听&补尘辫;听 | 66/100 |
6th | Jeeves 2019, New York City (United States), Series C | Digital company offering payment and corporate financial cards | $380M | 62/100 | |
7th | Soldo 2014, London (United Kingdom), Series C | SaaS-driven corporate cards for expense management solutions | $258M | Advent International, Temasek听&补尘辫;听 | 61/100 |
8th | Travel expense management for businesses | $5M | 60/100 | ||
9th | Capital On Tap 2012, London (United Kingdom), Funding Raised | Online platform for business credit lines | - | J P Morgan, Citi听&补尘辫;听 | 60/100 |
10th | NFC-enabled credit cards for corporates | $122M | SBI Investment, Molten Ventures听&补尘辫;听 | 59/100 |
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Pleo's Investments and acquisitions
Pleo has made no investments or acquisitions yet.
Reports related to Pleo
Here is the latest report on Pleo's sector:
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News related to Pleo
Media has covered Pleo for a total of 4 events in the last 1 year, 2 of them have been about company updates and 1 about partnerships.
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Fintech Finance鈥�Jun 18, 2025鈥�Pleo
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Tech.eu鈥�Jul 04, 2024鈥�Pleo
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Finextra鈥�Jul 03, 2024鈥�Pleo
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Finextra鈥�Dec 14, 2023鈥�Pleo
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AltFi鈥�Oct 11, 2023鈥�Pleo
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