Plus Pleo
“Can Pleo become the default European spend and cash-management OS for mid-market finance teams?”
Founded2015
HQCopenhagen, Denmark
Latest roundSeries C (2021)
Valuation$1.6B pre-money (Series C, 2021)
IndustryHorizontal SaaS / Spend Management
The story
Pleo started in 2015 as a smart corporate card and expense management tool for European SMBs. It has since broadened into a full spend platform — cards, accounts payable, reimbursements, multi-currency accounts, cash management with yield, and an overdraft credit product — positioning itself as Europe's answer to Brex/Ramp with a stronger multi-entity, multi-currency story.
Last 12 months
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Product timeline
2015
Pleo founded in Copenhagen to offer smart payment cards for employee business spend.· pivot
2021
Series C led by Thrive Capital at $1.6B valuation.· ipo
In the press
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Same company
Plus Pleo was analysed under more than one name on the same domain, so its stack is split across these dossiers. Each was analysed independently and may name providers the others do not.
The stack
7 layers disclosed in Plus Pleo’s embedded-finance stack
Payments / PSP
Banking / BaaS
in the full report
Card issuing
in the full report
Lending
in the full report
Sponsor bank
in the full report
FX & payouts
in the full report
Accounting
in the full report
Accounting gap: minor
11 more providers across 6 layers, with confidence-scored evidence and source URLs, are in the Embedded Finance Index report.