Peo

Founded in 2015 as a smart company card product for European SMBs, Pleo expanded progressively from card issuance into a full spend management platform covering expense management, accounts payable, reimbursements, and multi-currency payments. The company raised at unicorn valuations and became the dominant European spend platform with 40,000+ customers. Its embedded finance angle centers on being the financial operating layer for European businesses — consolidating cards, invoices, and FX payments in one platform synced to accounting systems.